Conflict Minerals Policy 2022-11-08T18:49:57+00:00

Conflict Minerals Policy

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Conflict Minerals Policy

What is Conflict Minerals ?

As part of economic sanctions to eradicate social problems such as human rights violations, child labor exploitation, and sexual assault in conflict zones in Africa (10 countries including DR Congo), the four major minerals (3TG: tin) mined in these regions, centering on developed countries , tungsten, tantalum, gold) are designated as conflict minerals and refer to a new regulation that restricts the use of conflict minerals by companies in order to prevent the inflow of mining funds into the rebels’ military funds.

(Source of data : Korea International Trade Association’s Conflict Minerals Control Center)

※ Conflict Zone

  • DR Congo
  • Congo
  • Sudan
  • Rwanda
  • Burundi
  • Uganda
  • Zambia
  • Angola
  • Tanzania
  • Central Africa

※ Minerals mined in conflict zones near Congo, Central Africa (tin, tungsten tantalum, gold)

3AC’s response Policy

  • 3AC establishes a purchasing policy related to the prohibition of the use of major conflict minerals (tantalum, tin, tungsten, gold, etc.) and requests agreement from suppliers to comply.
  • 3AC, in principle, prohibits the use of conflict minerals in products supplied from suppliers according to regulatory policies.
  • Major suppliers of conflict minerals that do business with us must provide proof of origin for the mineral at the time of the initial transaction, and must submit the proof of origin from time to time when requested by 3AC.