Responsible Conflict Minerals Reporting

As the regulatory change around the Gold industry continues to be adapted namely 1502(d)(3)© of the Dodd-Frank Wall Street Reform and Consumer Protection Act Dodd-Frank Act) the Governing bodies such as the Department of Commerce and the SEC are requiring US Corporations to report on Responsible Sourcing of Conflict Gold and other named minerals. The Act defines “conflict minerals” to mean “columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives” or any other mineral determined by the Secretary of State to be financing conflict in the Democratic Republic of Congo or adjoining country. From a commercial standpoint, tin, tantalum, tungsten, and gold are equivalent to the minerals set forth in the statute and are more commonly used terms in commerce, and therefore these are the terms used in the listing.

Kaloti Precious Metals has always adhered to meet the highest industry standards by following the guidelines of the of OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, LBMA Responsible Gold Guidance as well as that of our own regulator the DMCC, whose Guidelines can be found here Responsible Sourcing of Gold and Precious Metals.

Kaloti Precious Metals has already been engaging with number of US corporation on this subject for their own SEC reporting and would like to extend the offer out to invite the rest of the US Corporations to contact us directly using a personalised email address that is sent directly to an officer who will handle all SEC reporting enquiries that will allow you to fulfil your SEC reporting obligations, so feel free to contact us directly.

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