UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
Stereotaxis, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-36159 | 94-3120386 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 4320 Forest Park Avenue; Suite 100; St. Louis, MO |
63108 | |
| (Address of principal executive offices) | (Zip Code) |
Karen Witte Duros 314-678-6100
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2016.
Section 1 – Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
This Specialized Disclosure Report on Form SD (“Form SD”) of Stereotaxis, Inc. (“Stereotaxis”, the “Company” or “we”) for the reporting period from January 1 to December 31, 2016, is filed pursuant to Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”). Capitalized terms not otherwise defined herein are defined in the Rule.
Stereotaxis evaluated its products and determined that our products contain “necessary conflict minerals.” This means that Conflict Minerals as defined in the Rule are present in products we manufacture or contract to manufacture and are used to achieve the required function, use or purpose of those products. Our determination and related disclosures relating to such necessary conflict minerals are included in Stereotaxis’ Conflict Minerals Report and are incorporated by reference herein.
Item 1.02 Exhibit
The Company has filed a Conflict Minerals Report as Exhibit 1.01 to this Form SD. Stereotaxis’ Conflict Minerals Report is available at http://www.stereotaxis.com/legal/. The website and the information accessible through it are not incorporated into this Form SD.
Section 2 – Exhibits
Item 2.01 Exhibits
Exhibit 1.01 Stereotaxis, Inc. Conflict Minerals Report for the reporting period January 1 to December 31, 2016
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
| STEREOTAXIS, INC. |
| (Registrant) |
| By: | /s/ Karen Witte Duros | May 24, 2017 | ||||||||
| Name: | Karen Witte Duros | (Date) | ||||||||
| Title: | Sr. Vice President and General Counsel | |||||||||
Exhibit 1.01
Stereotaxis, Inc.
Conflict Minerals Report
For The Year Ended December 31, 2016
Introduction
This Conflict Minerals Report for Stereotaxis, Inc. (“Stereotaxis”, “we,” “us,” and “our”) is for the period from January 1 to December 31, 2016 and is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule”). Terms used in this report are defined in the Rule and Form SD. Refer to those sources and to SEC Release No. 34-67716 issued by the Securities and Exchange Commission on August 22, 2012 for such definitions.
Stereotaxis designs, manufactures and markets the Epoch™ Solution, which is an advanced remote robotic navigation system for use primarily by electrophysiologists for the treatment of abnormal heart rhythms known as cardiac arrhythmias. The Epoch Solution is comprised of the Niobe® ES Remote Magnetic Navigation System (“Niobe ES system”), Odyssey® Information Management Solution (“Odyssey Solution”), and the Vdrive® Robotic Navigation System (“Vdrive system”). The Niobe and Vdrive systems include sterilized disposable (consumable) components as well as capital equipment.
This Report describes the process and results of Stereotaxis’ Conflict Minerals program. Stereotaxis performed a reasonable country of origin inquiry to determine the source of necessary conflict minerals, and in accordance with the Rule then undertook due diligence measures on the source and chain of custody of the necessary conflict minerals in our products. The purpose of this due diligence was to determine if any of the necessary conflict minerals originated from the Democratic Republic of the Congo (“DRC”) or an adjoining country (collectively defined as the “Covered Countries”) and may not have come from recycled or scrap sources, to determine whether such products are “DRC conflict free.”
Consistent with the provisions of the Rule, this Conflict Minerals Report has not been audited by an independent private sector auditor.
Design of Conflict Minerals Program and Due Diligence Process
Stereotaxis has a Conflict Minerals program designed to be in conformity with the Organisation for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, 3rd Edition, including the Supplements on Tin, Tantalum and Tungsten and Gold (collectively, the “OECD Guidance”). In the context of the OECD Guidance Stereotaxis is a “downstream company” in the conflict minerals supply chain. Summarized below are the due diligence steps taken in accordance with the OECD Guidance five-step framework:
1. Maintained a strong company management system:
| a) | We have a Conflict Minerals Policy. The policy has been communicated to our direct suppliers, and can be found on our website at http://www.stereotaxis.com/legal/. |
| b) | We have an internal cross-functional Conflict Minerals team that oversees the implementation of our Conflict Minerals program. The status of our Conflict Minerals program is reviewed with senior management. We maintain records relating to our Conflict Minerals program. |
| c) | We have a system of controls and transparency over our supply chain, using the industry standard Conflict Minerals Reporting Template (“CMRT”), which is a supply chain survey designed to identify the maturity of our suppliers’ conflict minerals programs, as well as the smelters and refiners that process the necessary conflict minerals contained in our products. |
| d) | We have informed our suppliers of our company policy, and our commitment to be DRC conflict free. Where suppliers are unaware of conflict minerals regulations, or have an immature process, we seek to educate them. |
| e) | We have a company-level grievance mechanism whereby anyone can confidentially call or email a concern or report a violation of a policy. This can be found in the Confidential Hot-line section of our website at http://www.stereotaxis.com/legal/. |
2. Identified and assessed risks in the conflict minerals supply chain:
| a) | We identified conflict minerals risks in our supply chain: |
| • | We identified all our direct suppliers that supply us with products that might have contained Conflict Minerals. |
| • | We conducted a Reasonable Country of Origin Inquiry (RCOI) with relevant suppliers of parts and materials used in products manufactured by Stereotaxis. |
| • | We requested our direct suppliers to provide us with a completed CMRT. The CMRT includes a section identifying evidence of an active corporate conflict minerals program/policy by each respective supplier. |
| • | We followed up with unresponsive suppliers, making multiple attempts to obtain information. |
| • | We reviewed CMRT and associated documentation provided by our suppliers for completeness and reasonableness. We categorized each supplier according to the responses provided. For any responses that do not pass a subjective reasonableness test, we contact those suppliers and discuss their responses. |
| b) | We assessed risks of adverse impacts by actively working to discontinue sourcing products from upstream suppliers when we identified a reasonable risk that they are sourcing from, or linked to any party committing serious abuses, consistent with Annex II of the OECD Guidance. |
3. Designed and implemented a strategy to respond to identified risks:
| a) | We identified the results of our RCOI, and identified high risk suppliers to senior management. |
| b) | We have a risk management plan that includes actively seeking to reduce or eliminate high risk suppliers. |
| c) | We have an ongoing risk reduction and management program, which includes a goal that all new future product designs are DRC conflict free, periodically reviewing and updating the conflict minerals status of our existing products, and striving over time to reduce or eliminate non-conflict-free minerals from the supply chain. |
| d) | We monitored, and will continue to monitor changes in supplier conflict minerals status, as circumstances change with suppliers and as conflict minerals status ripples through the supply chain to end item manufacturers such as Stereotaxis. |
4. Carried out independent third-party audit of supply chain due diligence at identified points in the supply chain:
| a) | We comply with Step 4 of the OECD Guidance by encouraging our direct suppliers to purchase from Electronic Industry Citizenship Coalition’s (EICC) Conflict Free Smelter (CFS) smelters. |
5. Report on supply chain due diligence:
| a) | We publicly communicated our Conflict Minerals Sourcing Policy on our company website at http://www.stereotaxis.com /legal/. |
| b) | We publicly disclosed this Conflict Minerals Report on our company website at http://www.stereotaxis.com /legal/. |
| c) | As allowed by the Rule, obtaining an independent private sector audit of this Report was not required. |
The content of any website referred to in this Report is included for general information only and is not incorporated by reference in this Report.
Reasonable Country of Origin Inquiry Results
Following our Conflict Minerals program procedure described above, Stereotaxis identified 206 suppliers and original equipment manufacturers in our direct supply chain. We then identified the subset of those suppliers who provide us with components, materials and assemblies where Conflict Minerals might be present and necessary to functionality, and we then performed a RCOI with those suppliers. This group of suppliers represents the source for all of the materials and components purchased for the manufacture or assembly of our products, which we believe either have Conflict Minerals in them, or for which we did not know whether the material or component contained Conflict Minerals. We received CMRT’s from 127 relevant suppliers and original equipment manufacturers.
The 127 CMRT’s we received contained a large number of smelter names for the facilities these suppliers and their upstream suppliers used to process Conflict Minerals, as well as the specific Conflict Mineral(s) used in their products. For purposes of our review, we consider each processor of a given Conflict Mineral to be a unique smelter. Therefore, as an example, if a particular processor processes two different Conflict Minerals, then we considered the entity to be two unique smelters, as opposed to one. After correction, review, and removal of duplicate or alternate names, and elimination of entities identified by our suppliers as smelters that we determined were not actually smelters, we identified 274 unique smelters.
Of the 274 smelters, our analysis leads us to believe that 65 of them are known to source, or there is reason to believe they may source, Conflict Minerals from the Covered Countries. We based this assessment on information obtained from entities engaged by us who are in direct contact with the smelters, as well as other public information available at the time.
In accordance with the SEC final rules for Conflict Minerals sourced from Covered Countries, because some smelters in our supply chain were identified to be sourcing from Covered Countries, Stereotaxis is required to exercise, and has exercised, due diligence on the Conflict Minerals’ source and chain of custody. Additionally, Stereotaxis is required to follow, and has followed, a nationally or internally recognized due diligence framework and report the results thereof in a Conflict Minerals report.
Due Diligence Process Results
Of the 65 smelters identified as sourcing Conflict Minerals from the Covered Countries, Stereotaxis’ due diligence review indicates that:
| • | 61 smelters are certified as DRC conflict free by the CFSI’s Conflict Free Smelter Program (CFSP). |
| • | 1 smelter is a member of the Tungsten Industry-Conflict Minerals Committee (TI-CMC) and has committed to obtaining CFSP certification within 2 years. |
| • | 1 smelter has obtained a London Bullion Market Association (LBMA) Responsible Gold Certification. |
| • | 2 smelters have no known involvement or status with the CFSP or any other relevant certifying body. |
To the best of our knowledge, none of the smelters identified in our supply chain is known to source Conflict Minerals that directly or indirectly finances or benefits armed groups in the DRC or adjoining countries.
Stereotaxis did not discontinue business with any supplier simply because the supplier sourced from the Covered Countries. We support a conflict-free minerals trade in the DRC region.
Product Determination
We have not been able to confirm the identification of and conflict-free status under the CFSP standards for all smelters used in our supply chain.
No smelter identified in our supply chain is known to us as sourcing Conflict Minerals that directly or indirectly finances or benefits armed groups in the DRC or adjoining countries.
Facility and Mine Information
The table below identifies the smelter or refiner facilities which, to the extent known as a result of our RCOI, processed the necessary conflict minerals in our products.
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Gold |
* | Advanced Chemical Company | United States | |||
| Gold |
* | Aida Chemical Industries Co., Ltd. | Japan | |||
| Gold |
Aktyubinsk Copper Company TOO | Kazakhstan | ||||
| Gold |
* | Allgemeine Gold-und Silberscheideanstalt A.G. | Germany | |||
| Gold |
* | Almalyk Mining and Metallurgical Complex (AMMC) | Uzbekistan | |||
| Gold |
* | AngloGold Ashanti | Brazil | |||
| Gold |
* | Argor-Heraeus SA | Switzerland | |||
| Gold |
* | Asahi Pretec Corporation | Japan | |||
| Gold |
* | Asahi Refining Canada Limited | Canada | |||
| Gold |
* | Asahi Refining USA Inc. | United States | |||
| Gold |
* | Asaka Riken Co., Ltd. | Japan | |||
| Gold |
Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | Turkey | ||||
| Gold |
* | Aurubis AG | Germany | |||
| Gold |
Baiyin Nonferrous Group Co., Ltd. | China | ||||
| Gold |
* | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines | |||
| Gold |
* | Boliden AB | Sweden | |||
| Gold |
* | C. Hafner GmbH + Co. KG | Germany | |||
| Gold |
Caridad | Mexico | ||||
| Gold |
* | CCR Refinery - Glencore Canada Corporation | Canada | |||
| Gold |
* | Cendres + Métaux SA | Switzerland | |||
| Gold |
* | Chimet S.p.A. | Italy | |||
| Gold |
China Gold International Resources Corp. Ltd | China | ||||
| Gold |
Chugai Mining | Japan | ||||
| Gold |
* | Daejin Indus Co., Ltd. | Korea, Republic of | |||
| Gold |
* | Daye Non-Ferrous Metals Mining Ltd. | China | |||
| Gold |
* | DODUCO GmbH | Germany | |||
| Gold |
* | Dowa | Japan | |||
| Gold |
* | DSC (Do Sung Corporation) | Korea, Republic of | |||
| Gold |
* | Eco-System Recycling Co., Ltd. | Japan | |||
| Gold |
* | Elemetal Refining, LLC | United States | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Gold |
* | Emirates Gold DMCC | United Arab Emirates | |||
| Gold |
Fidelity Printers and Refiners Ltd. | Zimbabwe | ||||
| Gold |
Geib Refining Corporation | United States | ||||
| Gold |
* | Great Wall Precious Metals Co., Ltd. of CBPM | China | |||
| Gold |
Guangdong Jinding Gold Limited | China | ||||
| Gold |
Hangzhou Fuchunjiang Smelting Co., Ltd. | China | ||||
| Gold |
Harmony Gold Mining Company Limited | South Africa | ||||
| Gold |
* | Heimerle + Meule GmbH | Germany | |||
| Gold |
* | Heraeus Ltd. Hong Kong | China | |||
| Gold |
* | Heraeus Precious Metals GmbH & Co. KG | Germany | |||
| Gold |
HwaSeong CJ Co. Ltd | Korea, Republic of | ||||
| Gold |
* | Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited | China | |||
| Gold |
* | Ishifuku Metal Industry Co., Ltd. | Japan | |||
| Gold |
* | Istanbul Gold Refinery | Turkey | |||
| Gold |
* | Japan Mint | Japan | |||
| Gold |
* | Jiangxi Copper Company Limited | China | |||
| Gold |
Jinlong Copper Co., Ltd. | China | ||||
| Gold |
* | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | Russian Federation | |||
| Gold |
* | JSC Uralelectromed | Russian Federation | |||
| Gold |
* | JX Nippon Mining & Metals Co., Ltd. | Japan | |||
| Gold |
Kaloti Precious Metals | United Arab Emirates | ||||
| Gold |
* | Kazzinc | Kazakhstan | |||
| Gold |
* | Kennecott Utah Copper LLC | United States | |||
| Gold |
KGHM Polska Miedź Spółka Akcyjna | Poland | ||||
| Gold |
* | Kojima Chemicals Co., Ltd. | Japan | |||
| Gold |
* | Kyrgyzaltyn JSC | Kyrgyzstan | |||
| Gold |
L’azurde Company For Jewelry | Saudi Arabia | ||||
| Gold |
Lingbao Gold Company Ltd. | China | ||||
| Gold |
Lingbao Jinyuan Tonghui Refinery Co. Ltd. | China | ||||
| Gold |
* | LS-NIKKO Copper Inc. | Korea, Republic of | |||
| Gold |
Luo yang Zijin Yinhui Metal Smelt Co Ltd | China | ||||
| Gold |
* | Materion | United States | |||
| Gold |
* | Matsuda Sangyo Co., Ltd. | Japan | |||
| Gold |
* | Metalor Technologies (Hong Kong) Ltd. | China | |||
| Gold |
* | Metalor Technologies (Singapore) Pte., Ltd. | Singapore | |||
| Gold |
* | Metalor Technologies (Suzhou) Co Ltd | China | |||
| Gold |
* | Metalor Technologies SA | Switzerland | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Gold |
* | Metalor USA Refining Corporation | United States | |||
| Gold |
* | METALÚRGICA MET-MEX PEÑOLES, S.A. DE C.V | Mexico | |||
| Gold |
* | Mitsubishi Materials Corporation | Japan | |||
| Gold |
* | Mitsui Mining and Smelting Co., Ltd. | Japan | |||
| Gold |
* | MMTC-PAMP India Pvt., Ltd. | India | |||
| Gold |
Morris and Watson | New Zealand | ||||
| Gold |
* | Moscow Special Alloys Processing Plant | Russian Federation | |||
| Gold |
* | Nadir Metal Rafineri San. Ve Tic. A.Ş. | Turkey | |||
| Gold |
* | Navoi Mining and Metallurgical Combinat | Uzbekistan | |||
| Gold |
* | Nihon Material Co., Ltd. | Japan | |||
| Gold |
* | Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH | Austria | |||
| Gold |
* | Ohura Precious Metal Industry Co., Ltd. | Japan | |||
| Gold |
* | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet) | Russian Federation | |||
| Gold |
OJSC Kolyma Refinery | Russian Federation | ||||
| Gold |
* | OJSC Novosibirsk Refinery | Russian Federation | |||
| Gold |
* | PAMP SA | Switzerland | |||
| Gold |
Penglai Penggang Gold Industry Co Ltd | China | ||||
| Gold |
* | Prioksky Plant of Non-Ferrous Metals | Russian Federation | |||
| Gold |
* | PT Aneka Tambang (Persero) Tbk | Indonesia | |||
| Gold |
* | PX Précinox SA | Switzerland | |||
| Gold |
* | Rand Refinery (Pty) Ltd. | South Africa | |||
| Gold |
* | Republic Metals Corporation | United States | |||
| Gold |
* | Royal Canadian Mint | Canada | |||
| Gold |
Sabin Metal Corp. | United States | ||||
| Gold |
SAFINA, a.s | Czech Republic | ||||
| Gold |
* | Samduck Precious Metals | Korea, Republic of | |||
| Gold |
SAMWON METALS Corp. | Korea, Republic of | ||||
| Gold |
* | SAXONIA Edelmetalle GmbH | Germany | |||
| Gold |
* | Schone Edelmetaal B.V. | Netherlands | |||
| Gold |
* | SEMPSA Joyería Platería SA | Spain | |||
| Gold |
Shandong Tiancheng Biological Gold Industrial Co., Ltd. | China | ||||
| Gold |
* | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | China | |||
| Gold |
So Accurate Group, Inc. | United States | ||||
| Gold |
* | SOE Shyolkovsky Factory of Secondary Precious Metals | Russian Federation | |||
| Gold |
* | Solar Applied Materials Technology Corp. | Taiwan | |||
| Gold |
* | Sumitomo Metal Mining Co., Ltd. | Japan | |||
| Gold |
* | T.C.A S.p.A | Italy | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Gold |
* | Tanaka Kikinzoku Kogyo K.K. | Japan | |||
| Gold |
* | The Refinery of Shandong Gold Mining Co., Ltd. | China | |||
| Gold |
* | Tokuriki Honten Co., Ltd. | Japan | |||
| Gold |
TongLing Nonferrous Metals Group Holdings Co., Ltd. | China | ||||
| Gold |
* | Torecom | Korea, Republic of | |||
| Gold |
* | Umicore Brasil Ltda. | Brazil | |||
| Gold |
* | Umicore Precious Metals Thailand | Thailand | |||
| Gold |
* | Umicore SA Business Unit Precious Metals Refining | Belgium | |||
| Gold |
* | United Precious Metal Refining, Inc. | United States | |||
| Gold |
* | Valcambi SA | Switzerland | |||
| Gold |
* | Western Australian Mint trading as The Perth Mint | Australia | |||
| Gold |
* | WIELAND Edelmetalle GmbH | Germany | |||
| Gold |
* | Yamamoto Precious Metal Co., Ltd. | Japan | |||
| Gold |
Yantai Guodasafina High-tech Environmental Refinery CO., Ltd. | China | ||||
| Gold |
* | Yokohama Metal Co., Ltd. | Japan | |||
| Gold |
Yunnan Copper Industry Co Ltd | China | ||||
| Gold |
* | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China | |||
| Gold |
* | Zijin Mining Group Co., Ltd. Gold Refinery | China | |||
| Tantalum |
* | Changsha South Tantalum Niobium Co., Ltd. | China | |||
| Tantalum |
* | Conghua Tantalum and Niobium Smeltry | China | |||
| Tantalum |
* | D Block Metals, LLC | United States | |||
| Tantalum |
* | Duoluoshan | China | |||
| Tantalum |
* | Exotech Inc. | United States | |||
| Tantalum |
* | F&X Electro-Materials Ltd. | China | |||
| Tantalum |
* | FIR Metals & Resource Ltd. | China | |||
| Tantalum |
* | Global Advanced Metals Aizu | Japan | |||
| Tantalum |
* | Global Advanced Metals Boyertown | United States | |||
| Tantalum |
* | Guangdong Zhiyuan New Material Co., Ltd. | China | |||
| Tantalum |
* | H.C. Starck Co., Ltd. | Thailand | |||
| Tantalum |
* | H.C. Starck GmbH Goslar | Germany | |||
| Tantalum |
* | H.C. Starck Hermsdorf GmbH | Germany | |||
| Tantalum |
* | H.C. Starck Inc. | United States | |||
| Tantalum |
* | H.C. Starck Ltd. | Japan | |||
| Tantalum |
* | H.C. Starck Smelting GmbH & Co. KG | Germany | |||
| Tantalum |
* | Hengyang King Xing Lifeng New Materials Co., Ltd. | China | |||
| Tantalum |
* | Hi-Temp Specialty Metals, Inc. | United States | |||
| Tantalum |
* | JiuJiang JinXin Nonferrous Metals Co., Ltd. | China | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Tantalum |
* | Jiujiang Tanbre Co., Ltd. | China | |||
| Tantalum |
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China | ||||
| Tantalum |
* | KEMET Blue Metals | Mexico | |||
| Tantalum |
* | Kemet Blue Powder | United States | |||
| Tantalum |
* | King-Tan Tantalum Industry Ltd. | China | |||
| Tantalum |
* | LSM Brasil S.A. | Brazil | |||
| Tantalum |
* | Metallurgical Products India Pvt., Ltd. | India | |||
| Tantalum |
* | Mineração Taboca S.A. | Brazil | |||
| Tantalum |
* | Mitsui Mining and Smelting Co., Ltd. | Japan | |||
| Tantalum |
* | Molycorp Silmet A.S. | Estonia | |||
| Tantalum |
* | Ningxia Orient Tantalum Industry Co., Ltd. | China | |||
| Tantalum |
* | QuantumClean | United States | |||
| Tantalum |
* | RFH Tantalum Smeltry Co., Ltd. | China | |||
| Tantalum |
* | Solikamsk Magnesium Works OAO | Russian Federation | |||
| Tantalum |
* | Telex Metals | United States | |||
| Tantalum |
* | Tranzact, Inc. | United States | |||
| Tantalum |
* | Ulba Metallurgical Plant JSC | Kazakhstan | |||
| Tantalum |
* | XinXing Haorong Electronic Material Co., Ltd. | China | |||
| Tantalum |
* | Yichun Jin Yang Rare Metal Co., Ltd. | China | |||
| Tantalum |
* | Zhuzhou Cemented Carbide Group Co., Ltd. | China | |||
| Tin |
* | Alpha | United States | |||
| Tin |
An Vinh Joint Stock Mineral Processing Company | Viet Nam | ||||
| Tin |
* | Chenzhou Yunxiang Mining and Metallurgy Company Limited | China | |||
| Tin |
* | China Tin Group Co., Ltd. | China | |||
| Tin |
CNMC (Guangxi) PGMA Co. Ltd. | China | ||||
| Tin |
Complejo Metalurgico Vinto S.A. | Bolivia | ||||
| Tin |
* | Cooperativa Metalurgica de Rondônia Ltda. | Brazil | |||
| Tin |
* | CV Ayi Jaya | Indonesia | |||
| Tin |
* | CV Gita Pesona | Indonesia | |||
| Tin |
CV Prima Timah Utama | Indonesia | ||||
| Tin |
* | CV Serumpun Sebalai | Indonesia | |||
| Tin |
* | CV United Smelting | Indonesia | |||
| Tin |
* | CV Venus Inti Perkasa | Indonesia | |||
| Tin |
Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | Viet Nam | ||||
| Tin |
* | Elmet S.L.U. | Spain | |||
| Tin |
* | EM Vinto | Bolivia | |||
| Tin |
Estanho de Rondônia S.A. | Brazil | ||||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Tin |
* | Fenix Metals | Poland | |||
| Tin |
Gejiu Kai Meng Industry and Trade LLC | China | ||||
| Tin |
* | Gejiu Non-Ferrous Metal Processing Co., Ltd. | China | |||
| Tin |
Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | China | ||||
| Tin |
Gejiu Zi-Li | China | ||||
| Tin |
Huichang Jinshunda Tin Co. Ltd | China | ||||
| Tin |
Jean Goldschmidt International SA | Belgium | ||||
| Tin |
* | Jiangxi Ketai Advanced Material Co., Ltd. | China | |||
| Tin |
* | Magnu’s Minerais Metais e Ligas Ltda. | Brazil | |||
| Tin |
* | Malaysia Smelting Corporation (MSC) | Malaysia | |||
| Tin |
* | Melt Metais e Ligas S.A. | Brazil | |||
| Tin |
* | Metallic Resources, Inc. | United States | |||
| Tin |
* | Metallo-Chimique N.V. | Belgium | |||
| Tin |
* | Mineração Taboca S.A. | Brazil | |||
| Tin |
* | Minsur | Peru | |||
| Tin |
* | Mitsubishi Materials Corporation | Japan | |||
| Tin |
Nankang Nanshan Tin Co., Ltd. | China | ||||
| Tin |
Nghe Tinh Non-Ferrous Metals Joint Stock Company | Viet Nam | ||||
| Tin |
* | O.M. Manufacturing (Thailand) Co., Ltd. | Thailand | |||
| Tin |
* | O.M. Manufacturing Philippines, Inc. | Philippines | |||
| Tin |
* | Operaciones Metalurgical S.A. | Bolivia | |||
| Tin |
* | PT Aries Kencana Sejahtera | Indonesia | |||
| Tin |
* | PT Artha Cipta Langgeng | Indonesia | |||
| Tin |
* | PT ATD Makmur Mandiri Jaya | Indonesia | |||
| Tin |
* | PT Babel Inti Perkasa | Indonesia | |||
| Tin |
* | PT Bangka Prima Tin | Indonesia | |||
| Tin |
* | PT Bangka Tin Industry | Indonesia | |||
| Tin |
* | PT Belitung Industri Sejahtera | Indonesia | |||
| Tin |
* | PT Bukit Timah | Indonesia | |||
| Tin |
* | PT Cipta Persada Mulia | Indonesia | |||
| Tin |
* | PT DS Jaya Abadi | Indonesia | |||
| Tin |
* | PT Eunindo Usaha Mandiri | Indonesia | |||
| Tin |
* | PT Inti Stania Prima | Indonesia | |||
| Tin |
* | PT Justindo | Indonesia | |||
| Tin |
* | PT Karimun Mining | Indonesia | |||
| Tin |
* | PT Mitra Stania Prima | Indonesia | |||
| Tin |
* | PT Panca Mega Persada | Indonesia | |||
| Tin |
* | PT Prima Timah Utama | Indonesia | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Tin |
* | PT Refined Bangka Tin | Indonesia | |||
| Tin |
* | PT Sariwiguna Binasentosa | Indonesia | |||
| Tin |
* | PT Stanindo Inti Perkasa | Indonesia | |||
| Tin |
* | PT Sukses Inti Makmur | Indonesia | |||
| Tin |
* | PT Sumber Jaya Indah | Indonesia | |||
| Tin |
* | PT Timah (Persero) Tbk Kundur | Indonesia | |||
| Tin |
* | PT Timah (Persero) Tbk Mentok | Indonesia | |||
| Tin |
* | PT Tinindo Inter Nusa | Indonesia | |||
| Tin |
PT Tirus Putra Mandiri | Indonesia | ||||
| Tin |
* | PT Tommy Utama | Indonesia | |||
| Tin |
* | PT WAHANA PERKIT JAYA | Indonesia | |||
| Tin |
* | Rui Da Hung | Taiwan | |||
| Tin |
* | Soft Metais Ltda. | Brazil | |||
| Tin |
* | Thaisarco | Thailand | |||
| Tin |
Tuyen Quang Non-Ferrous Metals Joint Stock Company | Viet Nam | ||||
| Tin |
* | VQB Mineral and Trading Group JSC | Viet Nam | |||
| Tin |
* | White Solder Metalurgia e Mineração Ltda. | Brazil | |||
| Tin |
Yunnan Chengfeng Non-ferrous Metals Co.,Ltd. | China | ||||
| Tin |
* | Yunnan Tin Group (Holding) Company Limited | China | |||
| Tungsten |
* | A.L.M.T. TUNGSTEN Corp. | Japan | |||
| Tungsten |
* | Asia Tungsten Products Vietnam Ltd. | Viet Nam | |||
| Tungsten |
* | Chenzhou Diamond Tungsten Products Co., Ltd. | China | |||
| Tungsten |
* | China Minmetals | China | |||
| Tungsten |
* | Chongyi Zhangyuan Tungsten Co., Ltd. | China | |||
| Tungsten |
Dayu Jincheng Tungsten Industry Co., Ltd. | China | ||||
| Tungsten |
* | Dayu Weiliang Tungsten Co., Ltd. | China | |||
| Tungsten |
* | Fujian Jinxin Tungsten Co., Ltd. | China | |||
| Tungsten |
* | Ganzhou Huaxing Tungsten Products Co., Ltd. | China | |||
| Tungsten |
* | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China | |||
| Tungsten |
* | Ganzhou Seadragon W & Mo Co., Ltd. | China | |||
| Tungsten |
Ganzhou Yatai Tungsten Co., Ltd. | China | ||||
| Tungsten |
* | Global Tungsten & Powders Corp. | United States | |||
| Tungsten |
* | Guangdong Xianglu Tungsten Co., Ltd. | China | |||
| Tungsten |
* | H.C. Starck GmbH | Germany | |||
| Tungsten |
* | Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji | China | |||
| Tungsten |
* | Hunan Chunchang Nonferrous Metals Co., Ltd. | China | |||
| Tungsten |
* | Hydrometallurg, JSC | Russian Federation | |||
| Tungsten |
* | Japan New Metals Co., Ltd. | Japan | |||
| Metal |
* |
Smelter or Refiner Name |
Smelter or Refiner | |||
| Tungsten |
* | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | China | |||
| Tungsten |
* | Jiangxi Gan Bei Tungsten Co., Ltd. | China | |||
| Tungsten |
Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | China | ||||
| Tungsten |
Jiangxi Rare Earth & Rare Metals Tungsten Group Corp | China | ||||
| Tungsten |
* | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China | |||
| Tungsten |
* | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China | |||
| Tungsten |
* | Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. | China | |||
| Tungsten |
* | Jiangxi Yaosheng Tungsten Co., Ltd. | China | |||
| Tungsten |
* | Kennametal Fallon | United States | |||
| Tungsten |
* | Kennametal Huntsville | United States | |||
| Tungsten |
* | Malipo Haiyu Tungsten Co., Ltd. | China | |||
| Tungsten |
* | Niagara Refining LLC | United States | |||
| Tungsten |
Nippon Tungsten Co., Ltd. | Japan | ||||
| Tungsten |
* | Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC | Viet Nam | |||
| Tungsten |
* | Tejing (Vietnam) Tungsten Co., Ltd. | Viet Nam | |||
| Tungsten |
* | Vietnam Youngsun Tungsten Industry Co., Ltd. | Viet Nam | |||
| Tungsten |
* | Wolfram Bergbau und Hütten AG | Austria | |||
| Tungsten |
* | Xiamen Tungsten (H.C.) Co., Ltd. | China | |||
| Tungsten |
* | Xiamen Tungsten Co., Ltd. | China | |||
| Tungsten |
* | Xinhai Rendan Shaoguan Tungsten Co., Ltd. | China | |||
* Denotes smelters and refiners that have received a conflict-free designation from an independent third party audit program.
Smelters or Refiners which Processed Necessary Conflict Minerals
The table below lists the 65 smelter or refiner facilities which, to the extent known, processed the necessary conflict minerals in our products, or products produced by companies in our supply chain that were sourced from the Covered Countries, and hence were subject to due diligence, along with their CFSP Certification Status.
The Conflict-Free Certification Status values are:
| • | CFSP: The smelter has an active certification or is in the process of renewing their certification in the Conflict-Free Smelter Program (CFSP) from the Conflict-Free Sourcing Initiative (CFSI). |
| • | LBMA: The smelter has obtained a Responsible Gold Certification (RGC) from the London Bullion Market Association (LBMA). |
| • | TICMC: The Tungsten smelter is a member of the Tungsten Industry-Conflict Minerals Committee (TI-CMC) and has committed to obtaining CFSP certification within 2 years. |
| Metal |
Official Smelter Name |
Conflict-Free Certification Status |
Smelter or Refiner Location | |||
| Gold |
Almalyk Mining and Metallurgical Complex (AMMC) | LBMA | Uzbekistan | |||
| Gold |
Asaka Riken Co., Ltd. | CFSP | Japan | |||
| Metal |
Official Smelter Name |
Conflict-Free Certification Status |
Smelter or Refiner Location | |||
| Gold |
CCR Refinery - Glencore Canada Corporation | CFSP | Canada | |||
| Gold |
Elemetal Refining, LLC | CFSP | United States | |||
| Gold |
Jiangxi Copper Company Limited | CFSP | China | |||
| Gold |
Mitsubishi Materials Corporation | CFSP | Japan | |||
| Gold |
Nihon Material Co., Ltd. | CFSP | Japan | |||
| Gold |
Prioksky Plant of Non-Ferrous Metals | CFSP | Russian Federation | |||
| Gold |
Rand Refinery (Pty) Ltd. | CFSP | South Africa | |||
| Gold |
Samduck Precious Metals | CFSP | Korea, Republic of | |||
| Tantalum |
Changsha South Tantalum Niobium Co., Ltd. | CFSP | China | |||
| Tantalum |
Conghua Tantalum and Niobium Smeltry | CFSP | China | |||
| Tantalum |
Duoluoshan | CFSP | China | |||
| Tantalum |
F&X Electro-Materials Ltd. | CFSP | China | |||
| Tantalum |
Global Advanced Metals Aizu | CFSP | Japan | |||
| Tantalum |
Global Advanced Metals Boyertown | CFSP | United States | |||
| Tantalum |
Guangdong Zhiyuan New Material Co., Ltd. | CFSP | China | |||
| Tantalum |
H.C. Starck Co., Ltd. | CFSP | Thailand | |||
| Tantalum |
H.C. Starck GmbH Goslar | CFSP | Germany | |||
| Tantalum |
H.C. Starck Hermsdorf GmbH | CFSP | Germany | |||
| Tantalum |
H.C. Starck Inc. | CFSP | United States | |||
| Tantalum |
H.C. Starck Ltd. | CFSP | Japan | |||
| Tantalum |
H.C. Starck Smelting GmbH & Co. KG | CFSP | Germany | |||
| Tantalum |
Hi-Temp Specialty Metals, Inc. | CFSP | United States | |||
| Tantalum |
JiuJiang JinXin Nonferrous Metals Co., Ltd. | CFSP | China | |||
| Tantalum |
Jiujiang Tanbre Co., Ltd. | CFSP | China | |||
| Tantalum |
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China | ||||
| Tantalum |
KEMET Blue Metals | CFSP | Mexico | |||
| Tantalum |
Kemet Blue Powder | CFSP | United States | |||
| Tantalum |
LSM Brasil S.A. | CFSP | Brazil | |||
| Tantalum |
Ningxia Orient Tantalum Industry Co., Ltd. | CFSP | China | |||
| Tantalum |
Ulba Metallurgical Plant JSC | CFSP | Kazakhstan | |||
| Tantalum |
Zhuzhou Cemented Carbide Group Co., Ltd. | CFSP | China | |||
| Tin |
China Tin Group Co., Ltd. | CFSP | China | |||
| Tin |
CV United Smelting | CFSP | Indonesia | |||
| Tin |
CV Venus Inti Perkasa | CFSP | Indonesia | |||
| Tin |
EM Vinto | CFSP | Bolivia | |||
| Tin |
Jiangxi Ketai Advanced Material Co., Ltd. | CFSP | China | |||
| Tin |
Magnu’s Minerais Metais e Ligas Ltda. | CFSP | Brazil | |||
| Tin |
Malaysia Smelting Corporation (MSC) | CFSP | Malaysia | |||
| Metal |
Official Smelter Name |
Conflict-Free Certification Status |
Smelter or Refiner Location | |||
| Tin |
Minsur | CFSP | Peru | |||
| Tin |
Operaciones Metalurgical S.A. | CFSP | Bolivia | |||
| Tin |
PT Bangka Tin Industry | CFSP | Indonesia | |||
| Tin |
PT Bukit Timah | CFSP | Indonesia | |||
| Tin |
PT Eunindo Usaha Mandiri | CFSP | Indonesia | |||
| Tin |
PT Justindo | CFSP | Indonesia | |||
| Tin |
PT Stanindo Inti Perkasa | CFSP | Indonesia | |||
| Tin |
PT Sumber Jaya Indah | CFSP | Indonesia | |||
| Tin |
PT Timah (Persero) Tbk Kundur | CFSP | Indonesia | |||
| Tin |
PT Timah (Persero) Tbk Mentok | CFSP | Indonesia | |||
| Tin |
PT Tinindo Inter Nusa | CFSP | Indonesia | |||
| Tin |
Thaisarco | CFSP | Thailand | |||
| Tin |
VQB Mineral and Trading Group JSC | CFSP | Viet Nam | |||
| Tungsten |
A.L.M.T. TUNGSTEN Corp. | CFSP | Japan | |||
| Tungsten |
Asia Tungsten Products Vietnam Ltd. | CFSP | Viet Nam | |||
| Tungsten |
Chongyi Zhangyuan Tungsten Co., Ltd. | CFSP | China | |||
| Tungsten |
Ganzhou Huaxing Tungsten Products Co., Ltd. | CFSP | China | |||
| Tungsten |
Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CFSP | China | |||
| Tungsten |
H.C. Starck GmbH | CFSP | Germany | |||
| Tungsten |
Hydrometallurg, JSC | CFSP | Russian Federation | |||
| Tungsten |
Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | China | ||||
| Tungsten |
Jiangxi Xinsheng Tungsten Industry Co., Ltd. | TICMC | China | |||
| Tungsten |
Vietnam Youngsun Tungsten Industry Co., Ltd. | CFSP | Viet Nam | |||
| Tungsten |
Xiamen Tungsten (H.C.) Co., Ltd. | CFSP | China | |||
| Tungsten |
Xiamen Tungsten Co., Ltd. | CFSP | China | |||
Country of Origin
The countries of origin of the Conflict Minerals processed by the supplier-reported smelters and refiners include the following countries. This is to the best of our knowledge correct, based on research into the supply chain of smelters identified by our suppliers, and therefore, this list of countries may not be all-inclusive.
Gold:
Argentina; Armenia; Australia; Austria; Belgium; Bermuda; Bolivia; Brazil; Burundi; Cambodia; Canada; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; Finland; France; Germany; Ghana; Guinea; Guyana; Hong Kong; Hungary; India; Indonesia; Ireland; Israel; Italy; Japan; Jersey; Kazakhstan; Korea, Republic of; Kyrgyzstan; Laos; Luxembourg; Madagascar; Malaysia; Mali; Mexico; Mongolia; Mozambique;
Myanmar; Namibia; Netherlands; New Zealand; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Saudi Arabia; Sierra Leone; Singapore; Slovakia; South Africa; Spain; Suriname; Sweden; Switzerland; Taiwan; Tajikistan; Tanzania; Thailand; Turkey; United Arab Emirates; United Kingdom; United States; Uzbekistan; Viet Nam; Zambia; Zimbabwe.
Tantalum:
Angola; Argentina; Australia; Austria; Belarus; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Ghana; Guinea; Guyana; Hungary; India; Indonesia; Ireland; Israel; Italy; Japan; Jersey; Kazakhstan; Kenya; Korea, Republic of; Laos; Luxembourg; Madagascar; Malaysia; Mali; Mexico; Mongolia; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Switzerland; Taiwan; Tanzania; Thailand; Uganda; United Kingdom; United States; Viet Nam; Zambia; Zimbabwe.
Tin:
Angola; Argentina; Armenia; Australia; Austria; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Guyana; Hong Kong; Hungary; India; Indonesia; Ireland; Israel; Japan; Jersey; Kazakhstan; Kenya; Korea, Republic of; Kyrgyzstan; Laos; Luxembourg; Madagascar; Malaysia; Mexico; Mongolia; Morocco; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Poland; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Sweden; Switzerland; Taiwan; Tanzania; Thailand; Turkey; Uganda; United Kingdom; United States; Uzbekistan; Viet Nam; Zambia; Zimbabwe.
Tungsten:
Angola; Argentina; Australia; Austria; Belgium; Bolivia; Brazil; Burundi; Cambodia; Canada; Central African Republic; Chile; China; Colombia; Congo (Brazzaville); Czech Republic; Djibouti; DRC- Congo (Kinshasa); Ecuador; Egypt; Estonia; Ethiopia; France; Germany; Guinea; Guyana; Hungary; India; Indonesia; Ireland; Israel; Japan; Kazakhstan; Korea, Republic of; Laos; Luxembourg; Madagascar; Malaysia; Mexico; Mongolia; Mozambique; Myanmar; Namibia; Netherlands; Niger; Nigeria; Papua New Guinea; Peru; Philippines; Portugal; Russian Federation; Rwanda; Sierra Leone; Singapore; Slovakia; South Africa; South Sudan; Spain; Suriname; Switzerland; Taiwan; Tanzania; Thailand; Uganda; United Kingdom; United States; Viet Nam; Zambia; Zimbabwe.
Steps to be Taken to Mitigate Risk
For the next reporting year, Stereotaxis plans to continue to work with our suppliers as needed to help them understand and satisfy conflict-free expectations. We will continue to closely monitor the progress of specific suppliers which currently are sourcing from non-CFSP smelters sourcing from the Covered Countries, and continue to improve our internal due diligence determination process.
Additional Risk Factors
Our conflict minerals disclosure is made in good faith and based on best efforts. However, other factors could have led to errors in the disclosures. They include, but are not limited to gaps in supplier data, error in supplier knowledge, gaps in smelter auditing process, errors in public data, errors in language translation, and delays in reporting data through the extensive supply chain upstream of Stereotaxis.