UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM SD
(Specialized Disclosure Report)
TWIN DISC, INCORPORATED
(Exact name of registrant as specified in its charter)
Wisconsin |
1-7635 |
39-0667110 |
(State or other jurisdiction of |
(Commission File No.) |
(I.R.S. Employer |
incorporation or organization) |
Identification No.) |
|
1328 Racine Street, Racine, Wisconsin |
53403 |
|
(Address of principal executive offices) |
(Zip Code) |
|
Jeffrey S. Knutson (262) 638-4000 |
||
(Name and telephone number, including area code, of the person to contact in connection with this report) |
||
|
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
√ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2019.
Section 1 Conflict Minerals Disclosures
Item 1.01 Conflict Minerals Disclosure and Report
This Specialized Disclosure Report on Form SD (the “Report”) is intended to satisfy the filing obligations of Twin Disc, Incorporated (the “Company”) pursuant to Rule 13p-1 (the “Rule”) under the Securities and Exchange Act of 1934 for the full calendar year of 2019. Terms not defined herein shall have the meanings assigned to such terms in Form SD and the Conflict Minerals Final Rule (SEC Release No. 34-67716, August 22, 2012).
The Company first determined that Conflict Minerals are necessary to the functionality or production of a product manufactured by the Company or contracted to be manufactured by the Company. Although the Company does not itself intentionally add Conflict Minerals to the products that it manufactures, it concluded that certain components of products it receives from suppliers that are incorporated into products it manufactures likely contain Conflict Minerals that are necessary to functionality or production of the Company’s products.
Accordingly, the Company performed a good faith reasonable country of origin inquiry (“RCOI”) to determine whether the necessary Conflict Minerals originated in the Democratic Republic of the Congo or an adjoining country (the “Conflict Region”) or were from recycled or scrap sources. In reviewing the results from its RCOI, the Company has reason to believe that certain of its necessary Conflict Minerals originated, or may have originated, in the Conflict Region and are not from recycled or scrap sources. These Conflict Minerals were subject to the exercise of due diligence by the Company as described in the Conflict Minerals Report attached as an exhibit hereto. A copy of the Company’s Conflict Minerals Report is publicly available at http://ir.twindisc.com/financial-information/sec-filings
Item 1.02 Exhibit
The Company has filed, as an exhibit to this Form SD, the Conflict Minerals Report for the year ended December 31, 2019 as required by Item 1.01 and 1.02 of this Form.
Section 2 Exhibits
Item 2.01. Exhibits
Exhibit No. | Description of Exhibit |
1.01 |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the duly authorized undersigned.
TWIN DISC, INCORPORATED |
|
Date: May 29, 2020 |
/s/ JEFFREY S. KNUTSON |
Jeffrey S. Knutson |
|
Vice President – Finance, Chief Financial Officer, |
|
Treasurer and Secretary |
|
Exhibit 1.01
TWIN DISC, INCORPORATED
Conflict Minerals report
FOR THE YEAR ENDED DECEMBER 31, 2019
I. Overview
This is the Conflict Minerals Report of Twin Disc, Incorporated (“Twin Disc” or the “Company”) for the year ended December 31, 2019, pursuant to Rule 13p-1 (the “Rule”) under the Securities and Exchange Act of 1934 (the “Exchange Act”). Terms not defined herein shall have the meanings assigned to such terms in Form SD and the Conflict Minerals Final Rule (SEC Release No. 34-67716, August 22, 2012).
The Company designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network.
As described in more detail below, the Company performed a good faith reasonable country of origin inquiry (“RCOI”) to determine whether the necessary Conflict Minerals originated in the Democratic Republic of the Congo or an adjoining country or were from recycled or scrap sources. In reviewing the results from its RCOI, the Company has reason to believe that certain of its necessary Conflict Minerals originated, or may have originated, in the Democratic Republic of the Congo or an adjoining country and are not from recycled or scrap sources. These Conflict Minerals were subject to the exercise of due diligence by the Company as described herein.
II. Policy on Conflict Minerals
The Company has adopted the following Conflict Minerals Policy, which is also published on the Company’s website at http://ir.twindisc.com/corporate-governance.cfm:
Introduction to the Conflict Minerals Rule
On August 22, 2012, the U.S. Securities and Exchange Commission approved the final rule on conflict minerals with the desired objective of ending human-rights atrocities and the financing of armed conflict in the Democratic Republic of the Congo (DRC) and adjoining countries. The conflict minerals rule requires all public companies, such as Twin Disc, to determine whether tin, tantalum, tungsten, gold, and their related derivatives (Conflict Minerals) are necessary to the functionality or production of products they manufacture or contract to manufacture, and, if so, whether such Conflict Minerals originated from the DRC or adjoining countries. While the burden of the rule’s inquiry and disclosure obligations rests with public companies, all members within the supply chain network of each public company are also impacted.
What Twin Disc is Doing
As a responsible global corporate citizen, Twin Disc is committed to promoting human rights in the DRC and adjoining countries. To accomplish these objectives, Twin Disc will:
● |
Gather information from its suppliers aimed at identifying the source of any Conflict Minerals in the products it manufactures or contracts to manufacture. |
● |
Enhance its supply chain due diligence measures, which will conform to a due diligence framework consistent with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas or other nationally or internationally recognized framework. |
● |
Comply with the requirements of the SEC’s conflict minerals rule. |
Twin Disc’s Expectations for Suppliers
To ensure compliance with its conflict minerals policy, the Company expects each of its suppliers to:
● |
Make reasonable inquiries as to the country of origin of any Conflict Minerals in products it delivers to the Company and require the same of all upstream suppliers. |
● |
Conduct due diligence to confirm whether Conflict Minerals were sourced from a conflict-free source. |
● |
Thoroughly document its due diligence efforts to determine that any materials and products containing Conflict Minerals are DRC conflict free. |
● |
Timely, completely, and accurately respond to the Company’s Conflict Minerals Country of Origin Questionnaire and any follow-up inquiries. |
The Company evaluates its relationships with its suppliers on an ongoing basis. In the event it determines that a supplier has failed to comply with the requirements of this conflict minerals policy, the Company reserves the right to take appropriate action(s) to address the noncompliance, which may include discontinuing its business relationship with such supplier.
Comments or Questions
Any comments, questions, or concerns regarding Twin Disc’s conflict minerals policy should be addressed to: Michael Kienast, Twin Disc, Incorporated, (262) 638-4475.
III. Supply Chain
The Company is a downstream manufacturer and is many steps removed from smelters and refiners that process minerals and ore. The Company does not purchase raw ore or unrefined Conflict Minerals and does not, to the best of its knowledge, directly purchase any Conflict Minerals from any of the Covered Countries. As a result, the Company relies on its direct suppliers to provide origin information on Conflict Minerals contained in components or materials shipped to the Company. Similarly, the Company’s direct suppliers may rely on their suppliers for such information.
IV. Reasonable Country of Origin Inquiry
The Company first determined that Conflict Minerals are necessary to the functionality or production of a product manufactured by the Company or contracted to be manufactured by the Company. Although the Company does not itself intentionally add Conflict Minerals to the products that it manufactures, it concluded that certain components of products that it receives from suppliers that are incorporated into products that it manufactures likely contain Conflict Minerals that are necessary to functionality or production of the Company’s products.
Accordingly, the Company performed a good faith reasonable country of origin inquiry (“RCOI”) to determine whether the necessary Conflict Minerals originated in the Democratic Republic of the Congo or an adjoining country or were from recycled or scrap sources. To begin the RCOI, the Company’s engineering group reviewed the Company’s product portfolio for items that could include any of the Conflict Minerals. This was performed at each of the Company’s manufacturing entities, with guidance provided by the engineering group of the Company’s main corporate office where necessary. Once the products were identified, the engineering group provided a list of suppliers of these products to the Company’s purchasing and customer service groups.
The Company’s purchasing or customer service group then sent out a Conflict Minerals Reporting Template (“CMRT”) to each of the suppliers identified through the above process. The CMRT is a standardized reporting template developed by the Responsible Minerals Initiative (“RMI”) (established by the Responsible Business Alliance or “RBA”, a coalition dedicated to improving social, environmental, and ethical conditions in supply chains) that facilitates the transfer of information through the supply chain regarding mineral country of origin and smelters and refiners being utilized. The CMRT solicits responses to the following questions: whether: (1) any Conflict Minerals are intentionally added to the products that were supplied to the Company; (2) any of the Conflict Minerals are necessary to the functionality of the supplier’s products that were supplied to the Company; (3) any necessary Conflict Minerals originated from the Democratic Republic of the Congo or an adjoining country; (4) 100% of the necessary Conflict Minerals originated from recycled or scrap sources; (5) the supplier has received supply chain data/information regarding the necessary Conflict Minerals from all relevant suppliers; (6) the supplier identified all of the smelters the supplier and its suppliers use to supply the necessary Conflict Minerals; (7) the supplier has a policy in place that includes DRC conflict-free sourcing; and (8) the supplier has implemented specified country of origin inquiries and/or due diligence measures for DRC conflict-free sourcing. The Company kept track of the responses it received, and followed up on a regular basis with suppliers that did not respond and with suppliers whose responses were deemed insufficient, assessed whether it was reasonable to rely on the suppliers’ responses to the questionnaires, and sought to identify warning signs or red flags that would require the Company to engage in due diligence under the Conflict Minerals Final Rule.
As of the date of this Report, the Company has received meaningful responses from 72% of the 112 suppliers that received questionnaires. All of the Company’s suppliers provided data in response to the Company’s RCOI at the supplier company level or a division/segment level, rather than at a level directly relating to a part number that the supplier provides to the Company. The Company was therefore unable to conclusively determine whether any of the Conflict Minerals that these suppliers reported was actually contained in components or parts that the suppliers provided to the Company or whether any of the smelters and refiners identified by these suppliers are actually in the Company’s supply chain. Some suppliers indicated that the products that they supply to the Company contain Conflict Minerals, but did not identify the smelters and refiners in their supply chain, or were unable to name the locations of the mines of these smelters. As a result, it has been inherently difficult to ascertain the ultimate source of Conflict Minerals in products the Company manufactures.
Fifty-one suppliers whose components were incorporated into products manufactured by the Company in 2019 indicated that their products contained tin, tantalum, tungsten, or gold that may have originated in the DRC or a surrounding country and were not from recycled or scrap sources. These suppliers provided the names of the smelters that they source from to the extent they are known or have been disclosed to the suppliers. The Company compared these smelter names against those listed as conformant on the website www.responsiblemineralsinitiative.org and was able to confirm that some of the smelters identified by these suppliers are, in fact, conformant with the Responsible Minerals Assurance Process assessment protocols (RMAP), a program that uses third party independent auditors to validate that participating smelters and refiners have adequate policies and due diligence processes in place to trace the origin of the minerals that they process and assess whether they were obtained from conflict free sources, established by the RBA. The Company was not able to confirm whether the other smelters named by these suppliers are conflict-free. Also, the Company notes that the suppliers themselves were unable to name the locations of some of the mines from which the Conflict Minerals are sourced.
The supplier responses we received mentioned approximately 387 smelters (listed in Exhibit A) as potentially having processing the necessary conflict minerals in our products during 2019. The table below summarizes certain information pertaining to the 387 identified smelters:
Total number of identified smelters: 387
Number of identified smelters designated “Compliant” by RMI: 268
Number of identified smelters designated “Active/In Progress”: 5
Number of identified smelters designated “Unclassified”: 114
As noted above, all of our suppliers that indicated that Conflict Minerals are present in their products responded at the company level, meaning that they reported the smelter information for all of their products, not just for the products sold to the Company. As such, the list of identified smelters disclosed in Exhibit A likely contains more smelters than those that actually process or refine the necessary Conflict Minerals contained in the Company’s products. The Company was therefore unable to determine with certainty the identity of all of the smelters used by our supply chain to process necessary Conflict Minerals for its products.
The responses to the Company’s RCOI received from suppliers did not provide a compelling basis for the Company to conclude that Conflict Minerals in products supplied to the Company were from the DRC or a surrounding country, and/or whether or not they are conflict-free. To date, this process has not uncovered any additional red flags, but the process is ongoing.
V. Due Diligence Processes
The Company’s due diligence processes are designed to conform with the due diligence framework as described in the Organization for Economic Cooperation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the “OECD Guidance”) and the related Supplements for gold and for tin, tantalum and tungsten. The Company’s due diligence efforts are set forth below:
Step 1: Establish Strong Company Management Systems
As described above, the Company has adopted a Conflict Minerals Policy. In addition, the Company has established a management team relating to Conflict Minerals. The management team is overseen by the Corporate Controller and the Director of Global Compliance and Internal Audit, and includes the Company’s Global Operations Controller, its Senior Quality Assurance and Continuous Improvement Manager, its Supplier Quality Engineer, and a Design Engineer of the Company. The Company has adopted detailed written procedures regarding its RCOI and due diligence, and these procedures assign specific tasks to specific members of the Conflict Minerals team. The Conflict Minerals team periodically reports to the Company’s Chief Financial Officer, Treasurer and Secretary (“CFO”) as well as to the Disclosure Committee, which includes the Company’s CFO, the Vice President of Human Resources of the Company, the Controller of the Company, and the Director of the Internal Audit Department of the Company. A representative from outside securities legal counsel for the Company also participates in the meetings and activities of the Disclosure Committee in an advisory capacity.
Step 2: Identify and Assess Risks in Supply Chain
As described above, the Company engaged in a good-faith RCOI to determine whether the necessary Conflict Minerals originated in the Democratic Republic of the Congo or an adjoining country or were from recycled or scrap sources. With respect to suppliers that indicated that their products contained tin, tantalum, tungsten and/or gold that originated in the Democratic Republic of the Congo or a surrounding country and were not from recycled or scrap sources, the Company verified that the smelters and refiners identified by those suppliers are conformant with the Responsible Minerals Assurance Process assessment protocols established by the RBI. With respect to other suppliers, the Company is continuing the process of comparing the identified smelters and refiners with the RBA list of conformant smelters and refiners, beginning with the suppliers whose products the Company determined are most likely to contain Conflict Minerals.
Step 3: Design and Implement a Risk Management Plan
The Company continued, and is continuing, to develop and execute processes to (i) identify suppliers that provide products to the Company that may contain Conflict Minerals, (ii) conduct a good faith RCOI of its supply chain, and (iii) engage in due diligence with respect to Conflict Minerals.
Step 4: Independent Third-Party Audit of Smelters’ or Refiners’ Due Diligence Practices
The Company is a downstream manufacturer and is many steps removed from smelters and refiners who process minerals and ore. The Company does not purchase raw ore or unrefined Conflict Minerals and does not, to the best of its knowledge, directly purchase any Conflict Minerals from any of the Covered Countries. Therefore, the Company does not perform or direct audits of smelters and refiners within its supply chain.
Step 5: Report Findings
This Conflict Minerals Report is being filed with the SEC as an exhibit to the Company’s specialized disclosure report on Form SD and is publicly available on the Company’s website at the following link: http://ir.twindisc.com/financial-information/sec-filings.
VI. Due Diligence Results
The products manufactured by the Company that contain Conflict Minerals that may have originated in the Democratic Republic of the Congo or a surrounding country and are not from recycled or scrap sources include, but may not be limited to, electronic control systems and electronic components (such as sensors and valve coils) in transmissions and power take-offs. The Company’s website, www.twindisc.com, contains detailed information describing these and other products that the Company manufactures. The information contained on the Company’s website is not a part of, nor incorporated by reference into, this Conflict Minerals Report or the Specialized Disclosure Report on Form SD, and shall not be deemed “filed” under the Exchange Act.
As a result of the Company’s exercise of due diligence on the source and chain of custody of Conflict Minerals necessary to the functionality of products manufactured or contracted for manufacture by the Company during the year ended December 31, 2019, the Company has reason to believe that certain of its products have not been found to be DRC conflict free. Based on the due diligence performed, the Company is unable to fully determine facilities used to process the Conflict Minerals or their country of origin. The Company’s efforts to determine the mine(s) or location of origin with the greatest possible specificity included the use of the due diligence measures described above.
Exhibit A
Metal |
Smelter Name |
Smelter Facility Location |
Gold |
8853 S.p.A. |
ITALY |
Gold |
Abington Reldan Metals, LLC |
UNITED STATES OF AMERICA |
Gold |
Advanced Chemical Company |
UNITED STATES OF AMERICA |
Gold |
African Gold Refinery |
UGANDA |
Gold |
Aida Chemical Industries Co., Ltd. |
JAPAN |
Gold |
Al Etihad Gold Refinery DMCC |
UNITED ARAB EMIRATES |
Gold |
Allgemeine Gold-und Silberscheideanstalt A.G. |
GERMANY |
Gold |
Almalyk Mining and Metallurgical Complex (AMMC) |
UZBEKISTAN |
Gold |
AngloGold Ashanti Corrego do Sitio Mineracao |
BRAZIL |
Gold |
Argor-Heraeus S.A. |
SWITZERLAND |
Gold |
Asahi Pretec Corp. |
JAPAN |
Gold |
Asahi Refining Canada Ltd. |
CANADA |
Gold |
Asahi Refining USA Inc. |
UNITED STATES OF AMERICA |
Gold |
Asaka Riken Co., Ltd. |
JAPAN |
Gold |
Atasay Kuyumculuk Sanayi Ve Ticaret A.S. |
TURKEY |
Gold |
AU Traders and Refiners |
SOUTH AFRICA |
Gold |
Aurubis AG |
GERMANY |
Gold |
Bangalore Refinery |
INDIA |
Gold |
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) |
PHILIPPINES |
Gold |
Boliden AB |
SWEDEN |
Gold |
C. Hafner GmbH + Co. KG |
GERMANY |
Gold |
Caridad |
MEXICO |
Gold |
CCR Refinery - Glencore Canada Corporation |
CANADA |
Gold |
Cendres + Metaux S.A. |
SWITZERLAND |
Gold |
CGR Metalloys Pvt Ltd. |
INDIA |
Gold |
Chimet S.p.A. |
ITALY |
Gold |
Chugai Mining |
JAPAN |
Gold |
Daejin Indus Co., Ltd. |
KOREA, REPUBLIC OF |
Gold |
DaeryongENC |
KOREA, REPUBLIC OF |
Gold |
Daye Non-Ferrous Metals Mining Ltd. |
CHINA |
Gold |
Degussa Sonne / Mond Goldhandel GmbH |
GERMANY |
Gold |
Dijllah Gold Refinery FZC |
UNITED ARAB EMIRATES |
Gold |
DODUCO Contacts and Refining GmbH |
GERMANY |
Gold |
Dowa |
JAPAN |
Gold |
DS PRETECH Co., Ltd. |
KOREA, REPUBLIC OF |
Gold |
DSC (Do Sung Corporation) |
KOREA, REPUBLIC OF |
Gold |
Eco-System Recycling Co., Ltd. East Plant |
JAPAN |
Gold |
Eco-System Recycling Co., Ltd. North Plant |
JAPAN |
Gold |
Eco-System Recycling Co., Ltd. West Plant |
JAPAN |
Gold |
Elemetal Refining, LLC |
UNITED STATES OF AMERICA |
Gold |
Emirates Gold DMCC |
UNITED ARAB EMIRATES |
Gold |
Faggi Enrico S.p.A. |
ITALY |
Gold |
Fidelity Printers and Refiners Ltd. |
ZIMBABWE |
Gold |
Fujairah Gold FZC |
UNITED ARAB EMIRATES |
Gold |
GCC Gujrat Gold Centre Pvt. Ltd. |
INDIA |
Gold |
Geib Refining Corporation |
UNITED STATES OF AMERICA |
Gold |
Gold Refinery of Zijin Mining Group Co., Ltd. |
CHINA |
Gold |
Great Wall Precious Metals Co., Ltd. of CBPM |
CHINA |
Gold |
Guangdong Jinding Gold Limited |
CHINA |
Gold |
Guoda Safina High-Tech Environmental Refinery Co., Ltd. |
CHINA |
Gold |
Hangzhou Fuchunjiang Smelting Co., Ltd. |
CHINA |
Gold |
Heimerle + Meule GmbH |
GERMANY |
Gold |
Heraeus Metals Hong Kong Ltd. |
CHINA |
Gold |
Heraeus Precious Metals GmbH & Co. KG |
GERMANY |
Gold |
Hunan Chenzhou Mining Co., Ltd. |
CHINA |
Gold |
Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. |
CHINA |
Gold |
HwaSeong CJ CO., LTD. |
KOREA, REPUBLIC OF |
Gold |
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. |
CHINA |
Gold |
International Precious Metal Refiners |
UNITED ARAB EMIRATES |
Gold |
Ishifuku Metal Industry Co., Ltd. |
JAPAN |
Gold |
Istanbul Gold Refinery |
TURKEY |
Gold |
Italpreziosi |
ITALY |
Gold |
Japan Mint |
JAPAN |
Gold |
Jiangxi Copper Co., Ltd. |
CHINA |
Gold |
JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
RUSSIAN FEDERATION |
Gold |
JSC Uralelectromed |
RUSSIAN FEDERATION |
Gold |
JX Nippon Mining & Metals Co., Ltd. |
JAPAN |
Gold |
Kaloti Precious Metals |
UNITED ARAB EMIRATES |
Gold |
Kazakhmys Smelting LLC |
KAZAKHSTAN |
Gold |
Kazzinc |
KAZAKHSTAN |
Gold |
Kennecott Utah Copper LLC |
UNITED STATES OF AMERICA |
Gold |
KGHM Polska Miedz Spolka Akcyjna |
POLAND |
Gold |
Kojima Chemicals Co., Ltd. |
JAPAN |
Gold |
Korea Metal Co. Ltd |
KOREA, REPUBLIC OF |
Gold |
Korea Zinc Co., Ltd. |
KOREA, REPUBLIC OF |
Gold |
Kyrgyzaltyn JSC |
KYRGYZSTAN |
Gold |
Kyshtym Copper-Electrolytic Plant ZAO |
RUSSIAN FEDERATION |
Gold |
L'azurde Company For Jewelry |
SAUDI ARABIA |
Gold |
Lingbao Gold Co., Ltd. |
CHINA |
Gold |
Lingbao Jinyuan Tonghui Refinery Co., Ltd. |
CHINA |
Gold |
L'Orfebre S.A. |
ANDORRA |
Gold |
LS-NIKKO Copper Inc. |
KOREA, REPUBLIC OF |
Gold |
LT Metal Ltd. |
KOREA, REPUBLIC OF |
Gold |
Luoyang Zijin Yinhui Gold Refinery Co., Ltd. |
CHINA |
Gold |
Marsam Metals |
BRAZIL |
Gold |
Materion |
UNITED STATES OF AMERICA |
Gold |
Matsuda Sangyo Co., Ltd. |
JAPAN |
Gold |
Metalor Technologies (Hong Kong) Ltd. |
CHINA |
Gold |
Metalor Technologies (Singapore) Pte., Ltd. |
SINGAPORE |
Gold |
Metalor Technologies (Suzhou) Ltd. |
CHINA |
Gold |
Metalor Technologies S.A. |
SWITZERLAND |
Gold |
Metalor USA Refining Corporation |
UNITED STATES OF AMERICA |
Gold |
Metalurgica Met-Mex Penoles S.A. De C.V. |
MEXICO |
Gold |
Mitsubishi Materials Corporation |
JAPAN |
Gold |
Mitsui Mining and Smelting Co., Ltd. |
JAPAN |
Gold |
MMTC-PAMP India Pvt., Ltd. |
INDIA |
Gold |
Modeltech Sdn Bhd |
MALAYSIA |
Gold |
Morris and Watson |
NEW ZEALAND |
Gold |
Morris and Watson Gold Coast |
AUSTRALIA |
Gold |
Moscow Special Alloys Processing Plant |
RUSSIAN FEDERATION |
Gold |
Nadir Metal Rafineri San. Ve Tic. A.S. |
TURKEY |
Gold |
Navoi Mining and Metallurgical Combinat |
UZBEKISTAN |
Gold |
NH Recytech Company |
KOREA, REPUBLIC OF |
Gold |
Nihon Material Co., Ltd. |
JAPAN |
Gold |
Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH |
AUSTRIA |
Gold |
Ohura Precious Metal Industry Co., Ltd. |
JAPAN |
Gold |
OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) |
RUSSIAN FEDERATION |
Gold |
OJSC Kolyma Refinery |
RUSSIAN FEDERATION |
Gold |
OJSC Novosibirsk Refinery |
RUSSIAN FEDERATION |
Gold |
PAMP S.A. |
SWITZERLAND |
Gold |
Pease & Curren |
UNITED STATES OF AMERICA |
Gold |
Penglai Penggang Gold Industry Co., Ltd. |
CHINA |
Gold |
Planta Recuperadora de Metales SpA |
CHILE |
Gold |
Prioksky Plant of Non-Ferrous Metals |
RUSSIAN FEDERATION |
Gold |
PT Aneka Tambang (Persero) Tbk |
INDONESIA |
Gold |
PX Precinox S.A. |
SWITZERLAND |
Gold |
QG Refining, LLC |
UNITED STATES OF AMERICA |
Gold |
Rand Refinery (Pty) Ltd. |
SOUTH AFRICA |
Gold |
Refinery of Seemine Gold Co., Ltd. |
CHINA |
Gold |
REMONDIS PMR B.V. |
NETHERLANDS |
Gold |
Republic Metals Corporation |
UNITED STATES OF AMERICA |
Gold |
Royal Canadian Mint |
CANADA |
Gold |
SAAMP |
FRANCE |
Gold |
Sabin Metal Corp. |
UNITED STATES OF AMERICA |
Gold |
Safimet S.p.A |
ITALY |
Gold |
SAFINA A.S. |
CZECHIA |
Gold |
Sai Refinery |
INDIA |
Gold |
Samduck Precious Metals |
KOREA, REPUBLIC OF |
Gold |
Samwon Metals Corp. |
KOREA, REPUBLIC OF |
Gold |
SAXONIA Edelmetalle GmbH |
GERMANY |
Gold |
Schone Edelmetaal B.V. |
NETHERLANDS |
Gold |
SEMPSA Joyeria Plateria S.A. |
SPAIN |
Gold |
Shandong Humon Smelting Co., Ltd. |
CHINA |
Gold |
Shandong Tiancheng Biological Gold Industrial Co., Ltd. |
CHINA |
Gold |
Shandong Zhaojin Gold & Silver Refinery Co., Ltd. |
CHINA |
Gold |
Sichuan Tianze Precious Metals Co., Ltd. |
CHINA |
Gold |
Singway Technology Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
Gold |
So Accurate Group, Inc. |
UNITED STATES OF AMERICA |
Gold |
SOE Shyolkovsky Factory of Secondary Precious Metals |
RUSSIAN FEDERATION |
Gold |
Solar Applied Materials Technology Corp. |
TAIWAN, PROVINCE OF CHINA |
Gold |
Sovereign Metals |
INDIA |
Gold |
State Research Institute Center for Physical Sciences and Technology |
LITHUANIA |
Gold |
Sudan Gold Refinery |
SUDAN |
Gold |
Sumitomo Metal Mining Co., Ltd. |
JAPAN |
Gold |
SungEel HiMetal Co., Ltd. |
KOREA, REPUBLIC OF |
Gold |
T.C.A S.p.A |
ITALY |
Gold |
Tanaka Kikinzoku Kogyo K.K. |
JAPAN |
Gold |
The Refinery of Shandong Gold Mining Co., Ltd. |
CHINA |
Gold |
Tokuriki Honten Co., Ltd. |
JAPAN |
Gold |
Tongling Nonferrous Metals Group Co., Ltd. |
CHINA |
Gold |
Tony Goetz NV |
BELGIUM |
Gold |
TOO Tau-Ken-Altyn |
KAZAKHSTAN |
Gold |
Torecom |
KOREA, REPUBLIC OF |
Gold |
Umicore Brasil Ltda. |
BRAZIL |
Gold |
Umicore Precious Metals Thailand |
THAILAND |
Gold |
Umicore S.A. Business Unit Precious Metals Refining |
BELGIUM |
Gold |
United Precious Metal Refining, Inc. |
UNITED STATES OF AMERICA |
Gold |
Universal Precious Metals Refining Zambia |
ZAMBIA |
Gold |
Valcambi S.A. |
SWITZERLAND |
Gold |
Western Australian Mint (T/a The Perth Mint) |
AUSTRALIA |
Gold |
WIELAND Edelmetalle GmbH |
GERMANY |
Gold |
Yamakin Co., Ltd. |
JAPAN |
Gold |
Yokohama Metal Co., Ltd. |
JAPAN |
Gold |
Yunnan Copper Industry Co., Ltd. |
CHINA |
Gold |
Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
CHINA |
Tantalum |
Asaka Riken Co., Ltd. |
JAPAN |
Tantalum |
Cabot Corporation |
UNITED STATES OF AMERICA |
Tantalum |
Changsha South Tantalum Niobium Co., Ltd. |
CHINA |
Tantalum |
CP Metals Inc. |
UNITED STATES OF AMERICA |
Tantalum |
D Block Metals, LLC |
UNITED STATES OF AMERICA |
Tantalum |
Duoluoshan |
CHINA |
Tantalum |
Exotech Inc. |
UNITED STATES OF AMERICA |
Tantalum |
F&X Electro-Materials Ltd. |
CHINA |
Tantalum |
FIR Metals & Resource Ltd. |
CHINA |
Tantalum |
Global Advanced Metals Aizu |
JAPAN |
Tantalum |
Global Advanced Metals Boyertown |
UNITED STATES OF AMERICA |
Tantalum |
Guangdong Rising Rare Metals-EO Materials Ltd. |
CHINA |
Tantalum |
Guangdong Zhiyuan New Material Co., Ltd. |
CHINA |
Tantalum |
H.C. Starck Co., Ltd. |
THAILAND |
Tantalum |
H.C. Starck GmbH Laufenburg |
GERMANY |
Tantalum |
H.C. Starck Group |
GERMANY |
Tantalum |
H.C. Starck Hermsdorf GmbH |
GERMANY |
Tantalum |
H.C. Starck Inc. |
UNITED STATES OF AMERICA |
Tantalum |
H.C. Starck Ltd. |
JAPAN |
Tantalum |
H.C. Starck Smelting GmbH & Co. KG |
GERMANY |
Tantalum |
H.C. Starck Tantalum and Niobium GmbH |
GERMANY |
Tantalum |
Hengyang King Xing Lifeng New Materials Co., Ltd. |
CHINA |
Tantalum |
Hi-Temp Specialty Metals, Inc. |
UNITED STATES OF AMERICA |
Tantalum |
Jiangxi Dinghai Tantalum & Niobium Co., Ltd. |
CHINA |
Tantalum |
Jiangxi Tuohong New Raw Material |
CHINA |
Tantalum |
Jiujiang Janny New Material Co., Ltd. |
CHINA |
Tantalum |
JiuJiang JinXin Nonferrous Metals Co., Ltd. |
CHINA |
Tantalum |
Jiujiang Tanbre Co., Ltd. |
CHINA |
Tantalum |
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. |
CHINA |
Tantalum |
KEMET Blue Metals |
MEXICO |
Tantalum |
Kemet Blue Powder |
UNITED STATES OF AMERICA |
Tantalum |
KEMET Blue Powder |
UNITED STATES OF AMERICA |
Tantalum |
King-Tan Tantalum Industry Ltd. |
CHINA |
Tantalum |
LSM Brasil S.A. |
BRAZIL |
Tantalum |
Metallurgical Products India Pvt., Ltd. |
INDIA |
Tantalum |
Mineracao Taboca S.A. |
BRAZIL |
Tantalum |
Mitsui Mining and Smelting Co., Ltd. |
JAPAN |
Tantalum |
Ningxia Orient Tantalum Industry Co., Ltd. |
CHINA |
Tantalum |
NPM Silmet AS |
ESTONIA |
Tantalum |
Plansee |
AUSTRIA |
Tantalum |
Plansee SE Liezen |
AUSTRIA |
Tantalum |
Plansee SE Reutte |
AUSTRIA |
Tantalum |
PRG Dooel |
NORTH MACEDONIA, REPUBLIC OF |
Tantalum |
QuantumClean |
UNITED STATES OF AMERICA |
Tantalum |
Resind Industria e Comercio Ltda. |
BRAZIL |
Tantalum |
Solikamsk Magnesium Works OAO |
RUSSIAN FEDERATION |
Tantalum |
Taki Chemical Co., Ltd. |
JAPAN |
Tantalum |
Tantalite Resources |
SOUTH AFRICA |
Tantalum |
Telex Metals |
UNITED STATES OF AMERICA |
Tantalum |
Ulba Metallurgical Plant JSC |
KAZAKHSTAN |
Tantalum |
XinXing HaoRong Electronic Material Co., Ltd. |
CHINA |
Tantalum |
Yanling Jincheng Tantalum & Niobium Co., Ltd. |
CHINA |
Tantalum |
Yichun Jin Yang Rare Metal Co., Ltd. |
CHINA |
Tantalum |
Zhuzhou Cemented Carbide Group Co., Ltd. |
CHINA |
Tin |
Thaisarco |
THAILAND |
Tin |
Alpha |
UNITED STATES OF AMERICA |
Tin |
An Vinh Joint Stock Mineral Processing Company |
VIET NAM |
Tin |
Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. |
CHINA |
Tin |
Chifeng Dajingzi Tin Industry Co., Ltd. |
CHINA |
Tin |
China Tin Group Co., Ltd. |
CHINA |
Tin |
CNMC (Guangxi) PGMA Co., Ltd. |
CHINA |
Tin |
Cooperativa Metalurgica de Rondonia Ltda. |
BRAZIL |
Tin |
CV Ayi Jaya |
INDONESIA |
Tin |
CV Dua Sekawan |
INDONESIA |
Tin |
CV Gita Pesona |
INDONESIA |
Tin |
CV United Smelting |
INDONESIA |
Tin |
CV Venus Inti Perkasa |
INDONESIA |
Tin |
Dongguan CiEXPO Environmental Engineering Co., Ltd. |
CHINA |
Tin |
Dowa |
JAPAN |
Tin |
Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company |
VIET NAM |
Tin |
EM Vinto |
BOLIVIA (PLURINATIONAL STATE OF) |
Tin |
Estanho de Rondonia S.A. |
BRAZIL |
Tin |
Fenix Metals |
POLAND |
Tin |
Funsur Smelter |
UNITED STATES |
Tin |
Gejiu City Fuxiang Industry and Trade Co., Ltd.” |
CHINA |
Tin |
Gejiu Fengming Metallurgy Chemical Plant |
CHINA |
Tin |
Gejiu Jinye Mineral Company |
CHINA |
Tin |
Gejiu Kai Meng Industry and Trade LLC |
CHINA |
Tin |
Gejiu Non-Ferrous Metal Processing Co., Ltd. |
CHINA |
Tin |
Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. |
CHINA |
Tin |
Gejiu Zili Mining And Metallurgy Co., Ltd. |
CHINA |
Tin |
Guangdong Hanhe Non-Ferrous Metal Co., Ltd. |
CHINA |
Tin |
Guanyang Guida Nonferrous Metal Smelting Plant |
CHINA |
Tin |
HuiChang Hill Tin Industry Co., Ltd. |
CHINA |
Tin |
Huichang Jinshunda Tin Co., Ltd. |
CHINA |
Tin |
Jiangxi Ketai Advanced Material Co., Ltd. |
CHINA |
Tin |
Jiangxi New Nanshan Technology Ltd. |
CHINA |
Tin |
Ketapang |
INDONESIA |
Tin |
Linwu Xianggui Smelter Co |
CHINA |
Tin |
Luna Smelter, Ltd. |
RWANDA |
Tin |
Ma'anshan Weitai Tin Co., Ltd. |
CHINA |
Tin |
Magnu's Minerais Metais e Ligas Ltda. |
BRAZIL |
Tin |
Malaysia Smelting Corporation (MSC) |
MALAYSIA |
Tin |
Melt Metais e Ligas S.A. |
BRAZIL |
Tin |
Metallic Resources, Inc. |
UNITED STATES OF AMERICA |
Tin |
Metallo Belgium N.V. |
BELGIUM |
Tin |
Metallo Spain S.L.U. |
SPAIN |
Tin |
Mineracao Taboca S.A. |
BRAZIL |
Tin |
Minmetals Ganzhou Tin Co. Ltd. |
CHINA |
Tin |
Minsur |
PERU |
Tin |
Mitsubishi Materials Corporation |
JAPAN |
Tin |
Modeltech Sdn Bhd |
MALAYSIA |
Tin |
Nghe Tinh Non-Ferrous Metals Joint Stock Company |
VIET NAM |
Tin |
O.M. Manufacturing (Thailand) Co., Ltd. |
THAILAND |
Tin |
O.M. Manufacturing Philippines, Inc. |
PHILIPPINES |
Tin |
Operaciones Metalurgicas S.A. |
BOLIVIA (PLURINATIONAL STATE OF) |
Tin |
Pongpipat Company Limited |
MYANMAR |
Tin |
Precious Minerals and Smelting Limited |
INDIA |
Tin |
PT Aries Kencana Sejahtera |
INDONESIA |
Tin |
PT Artha Cipta Langgeng |
INDONESIA |
Tin |
PT ATD Makmur Mandiri Jaya |
INDONESIA |
Tin |
PT Babel Inti Perkasa |
INDONESIA |
Tin |
PT Babel Surya Alam Lestari |
INDONESIA |
Tin |
PT Bangka Prima Tin |
INDONESIA |
Tin |
PT Bangka Putra Karya |
INDONESIA |
Tin |
PT Bangka Serumpun |
INDONESIA |
Tin |
PT Bangka Tin Industry |
INDONESIA |
Tin |
PT Belitung Industri Sejahtera |
INDONESIA |
Tin |
PT Bukit Timah |
INDONESIA |
Tin |
PT Cipta Persada Mulia |
INDONESIA |
Tin |
PT DS Jaya Abadi |
INDONESIA |
Tin |
PT Eunindo Usaha Mandiri |
INDONESIA |
Tin |
PT Inti Stania Prima |
INDONESIA |
Tin |
PT Justindo |
INDONESIA |
Tin |
PT Karimun Mining |
INDONESIA |
Tin |
PT Kijang Jaya Mandiri |
INDONESIA |
Tin |
PT Koba Tin |
INDONESIA |
Tin |
PT Lautan Harmonis Sejahtera |
INDONESIA |
Tin |
PT Menara Cipta Mulia |
INDONESIA |
Tin |
PT Mitra Stania Prima |
INDONESIA |
Tin |
PT O.M. Indonesia |
INDONESIA |
Tin |
PT Panca Mega Persada |
INDONESIA |
Tin |
PT Premium Tin Indonesia |
INDONESIA |
Tin |
PT Prima Timah Utama |
INDONESIA |
Tin |
PT Rajawali Rimba Perkasa |
INDONESIA |
Tin |
PT Rajehan Ariq |
INDONESIA |
Tin |
PT Refined Bangka Tin |
INDONESIA |
Tin |
PT Sariwiguna Binasentosa |
INDONESIA |
Tin |
PT Stanindo Inti Perkasa |
INDONESIA |
Tin |
PT Sukses Inti Makmur |
INDONESIA |
Tin |
PT Sumber Jaya Indah |
INDONESIA |
Tin |
PT Timah |
INDONESIA |
Tin |
PT Timah Tbk Kundur |
INDONESIA |
Tin |
PT Timah Tbk Mentok |
INDONESIA |
Tin |
PT Tinindo Inter Nusa |
INDONESIA |
Tin |
PT Tirus Putra Mandiri |
INDONESIA |
Tin |
PT Tommy Utama |
INDONESIA |
Tin |
PT Wahana Perkit Jaya |
INDONESIA |
Tin |
Resind Industria e Comercio Ltda. |
BRAZIL |
Tin |
Rui Da Hung |
TAIWAN, PROVINCE OF CHINA |
Tin |
Soft Metais Ltda. |
BRAZIL |
Tin |
Super Ligas |
BRAZIL |
Tin |
Thai Nguyen Mining and Metallurgy Co., Ltd. |
VIET NAM |
Tin |
Thailand Smelting & Refining Co Ltd |
THAILAND |
Tin |
Thaisarco |
THAILAND |
Tin |
Tin Technology & Refining |
UNITED STATES OF AMERICA |
Tin |
Tuyen Quang Non-Ferrous Metals Joint Stock Company |
VIET NAM |
Tin |
VQB Mineral and Trading Group JSC |
VIET NAM |
Tin |
White Solder Metalurgia e Mineracao Ltda. |
BRAZIL |
Tin |
Yunnan Chengfeng Non-ferrous Metals Co., Ltd. |
CHINA |
Tin |
Yunnan Tin Company Limited |
CHINA |
Tin |
Yunnan Yunfan Non-ferrous Metals Co., Ltd. |
CHINA |
Tungsten |
A.L.M.T. Corp. |
JAPAN |
Tungsten |
ACL Metais Eireli |
BRAZIL |
Tungsten |
Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. |
BRAZIL |
Tungsten |
Asia Tungsten Products Vietnam Ltd. |
VIET NAM |
Tungsten |
Chenzhou Diamond Tungsten Products Co., Ltd. |
CHINA |
Tungsten |
China Molybdenum Tungsten Co., Ltd. |
CHINA |
Tungsten |
Chongyi Zhangyuan Tungsten Co., Ltd. |
CHINA |
Tungsten |
CNMC (Guangxi) PGMA Co., Ltd. |
CHINA |
Tungsten |
CP Metals Inc. |
UNITED STATES OF AMERICA |
Tungsten |
Fujian Ganmin RareMetal Co., Ltd. |
CHINA |
Tungsten |
Fujian Jinxin Tungsten Co., Ltd. |
CHINA |
Tungsten |
Ganzhou Grand Sea W & Mo Group Co Ltd |
CHINA |
Tungsten |
Ganzhou Haichuang Tungsten Co., Ltd. |
CHINA |
Tungsten |
Ganzhou Huaxing Tungsten Products Co., Ltd. |
CHINA |
Tungsten |
Ganzhou Jiangwu Ferrotungsten Co., Ltd. |
CHINA |
Tungsten |
Ganzhou Seadragon W & Mo Co., Ltd. |
CHINA |
Tungsten |
Ganzhou Yatai Tungsten Co., Ltd. |
CHINA |
Tungsten |
Global Tungsten & Powders Corp. |
UNITED STATES OF AMERICA |
Tungsten |
Guangdong Xianglu Tungsten Co., Ltd. |
CHINA |
Tungsten |
H.C. Starck Smelting GmbH & Co. KG |
GERMANY |
Tungsten |
H.C. Starck Tungsten GmbH |
GERMANY |
Tungsten |
Hunan Chenzhou Mining Co., Ltd. |
CHINA |
Tungsten |
Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji |
CHINA |
Tungsten |
Hunan Chunchang Nonferrous Metals Co., Ltd. |
CHINA |
Tungsten |
Hunan Litian Tungsten Industry Co., Ltd. |
CHINA |
Tungsten |
Hydrometallurg, JSC |
RUSSIAN FEDERATION |
Tungsten |
Japan New Metals Co., Ltd. |
JAPAN |
Tungsten |
Jiangwu H.C. Starck Tungsten Products Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Dayu Longxintai Tungsten Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Gan Bei Tungsten Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Rare Earth & Rare Metals Tungsten Group |
CHINA |
Tungsten |
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Xinsheng Tungsten Industry Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. |
CHINA |
Tungsten |
Jiangxi Yaosheng Tungsten Co., Ltd. |
CHINA |
Tungsten |
JSC "Kirovgrad Hard Alloys Plant" |
RUSSIAN FEDERATION |
Tungsten |
Kennametal Fallon |
UNITED STATES OF AMERICA |
Tungsten |
Kennametal Huntsville |
UNITED STATES OF AMERICA |
Tungsten |
KGETS Co., Ltd. |
KOREA, REPUBLIC OF |
Tungsten |
Lianyou Metals Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
Tungsten |
Malipo Haiyu Tungsten Co., Ltd. |
CHINA |
Tungsten |
Masan Tungsten Chemical LLC (MTC) |
VIET NAM |
Tungsten |
Minmetals ganzhou Tin Co. Ltd |
CHINA |
Tungsten |
Moliren Ltd. |
RUSSIAN FEDERATION |
Tungsten |
Niagara Refining LLC |
UNITED STATES OF AMERICA |
Tungsten |
Philippine Chuangxin Industrial Co., Inc. |
PHILIPPINES |
Tungsten |
Plansee |
AUSTRIA |
Tungsten |
South-East Nonferrous Metal Company Limited of Hengyang City |
CHINA |
Tungsten |
Tejing (Vietnam) Tungsten Co., Ltd. |
VIET NAM |
Tungsten |
Unecha Refractory metals plant |
RUSSIAN FEDERATION |
Tungsten |
Vietnam Youngsun Tungsten Industry Co., Ltd. |
VIET NAM |
Tungsten |
Wolfram Bergbau und Hutten AG |
AUSTRIA |
Tungsten |
Wolfram Company CJSC |
RUSSIAN FEDERATION |
Tungsten |
Woltech Korea Co., Ltd. |
KOREA, REPUBLIC OF |
Tungsten |
Xiamen Tungsten (H.C.) Co., Ltd. |
CHINA |
Tungsten |
Xiamen Tungsten Co., Ltd. |
CHINA |
Tungsten |
Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. |
CHINA |
Tungsten |
Xinhai Rendan Shaoguan Tungsten Co., Ltd. |
CHINA |
Tungsten |
Zhunhou Cemented Carbide Group Co Ltd |
CHINA |