RESPONSIBLE MINERALS POLICY
Responsible Minerals Sourcing
Avon Specialty Metals is a UK based recycler of refractory metals and high temperature alloys, including Tantalum, Tungsten and Cobalt in their metallic and alloyed forms. Our company handles 1) Secondary(scrap) 2) recycled products made exclusively from scrap 3) primary products from approved RMI smelters. Our company does not handle any minerals or ores and as such is not involved in materials subject to Class 7 Transportation Regulations.
Our company does not currently handle Tin or Gold. We condemn the unlawful exploitation of mineral resources from any locations in the world and we fully support the goal of ending violence, human rights violations, and environmental devastation in the Democratic Republic of the Congo (DRC), and its surrounding countries – known as the “Conflict Region”. We are firmly committed to supporting a conflict-free not Congo-free supply chain. By that we mean responsible sourcing of conflict minerals (Tantalum, Tin, Tungsten, Gold “3TG” and Cobalt) from the region, provided that such minerals do not directly or indirectly finance or benefit armed groups. As part of this commitment, we have adopted a continuous improvement policy within our own organisation to only purchase materials that are guaranteed to be conflict-free and that meet all the relevant criteria stipulated by the Organization for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
We acknowledge the final “Conflict Minerals Rule” issued by the U.S. Securities and Exchange Commission (“SEC”) issued under Section 1502 of the 2012 Dodd-Frank Wall Street Reform and Consumer Protection Act and we are committed to assisting our customers with their due diligence and disclosure requirements required to comply with the legislation.
To this end, ASM pledges to only source and procure metals from those companies who agree to abide by the requirements of our Supplier Code of Conduct, which prohibits human rights abuses including forced or compulsory labour, child labour and unethical practices. Additionally, ASM’s Shareholders are active voluntary supporters of the following initiatives and organisations – Responsible Minerals Initiative (RMI), United Nations Global Compact, World Economic Forum (Partnership Against Corruption), Global Reporting Initiative (GRI), Minor Metals Trade Association (MMTA), Tantalum Niobium International Study Centre (TIC).