In accordance with the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, US companies are required to report the use of conflict minerals used in their products. We at Vincent Associates are completely committed to ensuring our compliance, so to the right is our most recent conflict minerals report and a statement outlining our status on this matter.
Understanding Conflict Minerals
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act was administered to restrict the trade of conflict minerals sourced from the Democratic Republic of Congo and/or adjourning countries. “Conflict Minerals” consist of tantalum, gold, tungsten, and tin. These minerals play a critical role in the electronic and manufacturing industries.
According to the Securities and Exchange Commission, or SEC, any company that manufactures products containing gold or the 3T’s must report whether these minerals originated in or around the Democratic Republic of Congo. The process of identifying the origins of these minerals can be time consuming and slow. Companies, such as Vincent Associates, are working diligently to provide an accurate and up-to-date list on all conflict minerals in a timely manner.
Products deemed as “conflict-free” do not contain gold, tin, tantalum, or tungsten that directly or indirectly finances armed groups in the Democratic Republic of Congo or neighboring countries. These materials do not need to be reported.
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