• The gold smelter ‘Elemetal Refining LLC’s’ smelter Id has been rectified from CID001323 to CID001322.
• Blank spaces have been removed from 4 standard smelter names.
• The tin smelter ‘PT Supra Sukses Trinusa’ has been removed as it does not meet the CFSI definition of a smelter or refiner.
• The gold smelters, ‘CCR Refinery – Glencore Canada Corporation’ and ‘OJSC ‘The Gulidov Krasnoyarsk Non-Ferrous Metals Plant (OJSC Krastvetmet)’ have been modified for typographical error.

Also Read Conflict Minerals Compliance: FREQUENTLY ASKED QUESTIONS

• Declaration tab: The cell “I3” on CMRT v4.0 top right corner, shows an alert for more information even when all the necessary details are provided.
• Smelter list tab: On selection of last two options (“Smelter not listed” or “Zhangyuan Tungsten Co Ltd”) from the smelter reference list available for Tungsten, the cell erroneously turns red.
• Checker tab: The last 3 rows (“Smelter list- Tin”, “Smelter list- Gold”, “Smelter list- Tungsten”) turn green only when the smelter list is provided for Tantalum in the Smelter list tab.

• 56 smelters for Typographical Error
• 2 smelters for Location Correction
• 1 smelter for Metal Correction
• 29 smelters for Name Correction

The post CMRT 4.01a Released, with modified Smelter Reference List to remove errors! appeared first on �ۿ۴�ý.

What does an issuer expect from its supplier in the conflict mineral survey?

The first criteria to complete a conflict mineral survey successfully is to have the supplier conduct a similar survey at its level in the supply base to understand the origin of conflict minerals in its products. Supplier should be able to identify the parts supplied by them to the listed company who asked for this survey and analyze and confirm whether those products contain 3TG. The supplier should have also established a decent level of due diligence within its organization to ensure that it does not fall under a risky supplier category.

The responses which are made through the should be based on the factual research the supplier has conducted. If the report is provided at product level, the supplier should be able to identify the parts/products and confirm whether the research was conducted by them. The report should also contain the smelter names which they have identified in their supply base which constitute the maximum percentage of supply of the conflict minerals.

Supplier Training and support- A tool to motivate the suppliers to provide better declarations

is a new regulation in US. Most suppliers are unaware about the details of the compliance requirements. In most cases, issuers who are affected by the SEC filing requirement have a vast supplier base spread across different parts of the world. This makes it more difficult to get responses as there is nothing legally binding the supplier to provide information. In several cases, replacing the non-responding supplier is not an easy task.

Most studies in the industry confirm that issuers who invested more resources in the front end communication, training and support have managed to reduce their overall conflict mineral compliance cost. A training delivered in a supplier conference or through a webinar will act as an effective tool for improving supplier responses and quality of responses.

A seminar/ webinar focusing on the regulation, its applicability, reporting process and tools (if any) will help suppliers to engage with the issuer more closely in this compliance process. Supplier training should be refreshed every year due to change of resources in the supply base and update them about the recent development and changes in the reporting process.

The post How to Use Supplier Training as a Tool to Improve Conflict Mineral Responses from your Supply Chain? appeared first on �ۿ۴�ý.