Conflict Minerals Policy
Conflict Minerals Policy Statement
Magnetic Sensors Corporation (MSC) supports ending the violence and human rights violations in the mining of certain minerals from a location described as the “Conflict Region”, which is situated in the eastern portion of the Democratic Republic of the Congo (DRC) and surrounding countries of Angola, Burundi, Central African Republic, Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia. The four most prominent metals produced from conflict minerals are: Tantalum, Tin, Tungsten and Gold. Companies around the globe are required by relevant domestic and international laws to practice reasonable due diligence with their supply chain to assure that specified metals are not being sourced from mines in the Conflict Region, which is controlled by non-government military groups, or unlawful military factions.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed into law in July 2010, contains requirements that U.S. companies report to the Securities and Exchange Commission (SEC) on the origin of conflict minerals or their derivatives and show due diligence if conflict minerals are sourced from the DRC or an adjoining country. The goal of the act is to cut direct and indirect funding of armed groups engaged in conflict and human rights abuses.
As a manufacturer of sensors and coil assemblies with sales throughout the world, Magnetic Sensors Corporation supports the sourcing of minerals responsibly and is committed to being proactive and will put forth its best effort to avoid the use of “conflict minerals.” Suppliers are expected to comply with all applicable local, country, and international laws regarding material content for the material supplied to MSC and are asked to provide written evidence of reasonable due diligence documenting that all products supplied either:
- Do not contain tantalum, tin, tungsten or gold that are necessary to their production or functionality, or
- If they do contain these minerals, they originate from non-conflict areas or from smelters that have been validated by an independent private sector party to be conflict free.
In support of this initiative, MSC has obtained information from our current suppliers concerning the origin of the metals that are used in the manufacture of our customer products. Based upon information provided by our suppliers, MSC does not knowingly use metals derived from the Conflict Region in our products.
- Support the aims and objectives of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 on the supply of “conflict minerals,”
- Do not knowingly procure specified metals that originate from facilities in the “Conflict Region” that are not certified as “conflict free,”
- Ensure compliance with these requirements, and ask our suppliers to undertake reasonable due diligence with their supply chains to assure that specified metals are being sourced only from: Mines and smelters outside the “Conflict Region” or Mines and smelters which have been certified by an independent third party as “conflict free” if sourced within the “Conflict Region.”