Minerals that are sourced from conflict zones like Republic of Congo (DRC). There are 4
minerals that every downstream and upstream manufacturing companies should avoid and
are often referred as 3TG
US Congress passed the ‘Dodd-Frank Act’ in 2010 that stated –companies listed in SEC should
disclose whether they use conflict minerals in their products.
|Target minerals||3TG (tantalum, tin, tungsten and gold)||3TG (tantalum, tin, tungsten and gold)|
|Extracted source?||Minerals mined and refined in the Democratic Republic of the Congo Zone||Cover minerals mined from conflict-affected and high-risk areas, which could include any country that produces minerals|
|Applicable to?||Company trades on US exchange||EU-established importers of the targeted minerals|
|Effect from||In effect||January 2021|
The intention of both U.S law and EU law is to ensure importers of 3TG (tin, tungsten, tantalum and gold) should meet international responsible sourcing standards, defined by the Organisation for Economic Co-operation and Development (OECD).
Finding alternative for 3TG minerals
Gaps in traceability
Lack of proper documentation
Finding responsible smelters and refiners
Supply chain due diligence
A free, standardized reporting template developed by the Responsible Minerals Initiative (RMI) that has information regarding country of origin and the smelters and refiners being utilized.
CM-CS is an automation software that simplifies the Conflict Minerals Reporting process.
Key compliance checks such as sanity check,cross-referencing between 3TG and Smelter Details are completed within minutes.
Software not only saves significant time and cost but also greatly improves the accuracy of the data.
Secure, cloud hosted, web-based application.
Manage customer requests and supplier CMRTs/CRTs.
Supports multi-division / multi plant reporting.
Configurable due diligence and feedback templates.
Rapid error free smelter consolidation.
Intuitive dashboard with smelter and supplier statistics.
What is CMRT?
A CMRT (Conflict Minerals Reporting Template) is a is a free, standardized reporting template developed by the Responsible Minerals Initiative (RMI) that expedites the transfer of data regarding mineral country of origin and the smelters and refiners involved.
Which are the major countries that comes under this conflict affected regions?
Democratic Republic of the Congo, Angola, Burundi, Central African Republic, Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda and Zambia are the major countries that comes under this conflict affected regions.
What is Dodd-Frank Act?
The Dodd-Frank Act fully known as the Dodd-Frank Wall Street Reform and Consumer Protection Act is a regulation passed during the Obama administration in 2010 to prevent another financial collapse which took place in 2008.
Is sourcing from DRC and the adjoining countries against the law?
Sourcing of conflict minerals from DRC and the adjoining countries is not against the law unless and until the smelters are not RMI certified.
Is it mandatory to submit CMRT to the customer even if 3TG is not used in the products?
Yes, it is mandatory to submit CMRT to the customer even if 3TG is not used in the products where Q1 (Is any 3TG intentionally added or used in the product(s) or in the production process?) in the “declaration” tab should be filled as “No” indicating that 3TG is not used in the products.
What is the connection between SEC and conflict minerals regulation?
SEC’s role in CM regulation is to check whether the business is done through a proper channel; if the whole process dealing with conflict minerals is done legally.
What is CRT?
Cobalt Reporting Template (CRT) is a free, standardized reporting template developed by the Responsible Business Alliance (RBA) that assists the transfer of data regarding the smelters and refiners involved and its mineral country of origin.
How is CRT different from CMRT?
The main difference between CRT and CMRT is that CRT covers only cobalt whereas CMRT covers tin, tantalum, tungsten and gold. All other differences can be found here (Hyperlink of already posted difference between CRT and CMRT).