UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

HURCO COMPANIES, INC.

(Exact name of registrant as specified in its charter)

Indiana

000-09143

(State or other

(Commission

jurisdiction of

File Number)

incorporation)

One Technology Way

Indianapolis, IN 46268

(Address of principal executive offices) (Zip Code)

Sonja K. McClelland

Executive Vice President, Treasurer and Chief Financial Officer

(317) 293-5309

(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:

þ

Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2022.

Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended _______.


Section 1 – Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

This Form SD of Hurco Companies, Inc. (“Hurco,” the “Company,” “we,” “our,” or “us”) is filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Conflict Mineral Rule”), for the reporting period January 1, 2022 to December 31, 2022.  The scope of this report includes all products that we manufacture or contract to manufacture within Hurco’s product portfolio.

We design, manufacture, and sell computerized (i.e., Computer Numeric Control (“CNC”)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service, and distribution network.  Although most of our computer control systems and software products are proprietary, they predominantly use industry standard personal computer components.  Our computer control systems and software products are primarily sold as integral components of our computerized machine tool products.  We also provide machine tool components, automation integration equipment and solutions for job shops, software options, control upgrades, accessories, and replacement parts for our products, as well as customer service, training, and support.  

Conflict Minerals Disclosure

We have determined that certain of our products contain columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to tantalum, tin, and tungsten, that are necessary to the functionality or production of those products (such minerals are referred to herein as “necessary conflict minerals”).

We conducted in good faith a reasonable country of origin inquiry that was reasonably designed to determine whether any necessary conflict minerals contained in our products originated in the Democratic Republic of the Congo (the “DRC”) or an adjoining country (together with the DRC, the “Covered Countries”), or were from recycled or scrap sources.  As part of this inquiry, we conducted a supply chain survey of our direct suppliers using the Conflict Minerals Reporting Template (the “CMRT”) created by the Responsible Minerals Initiative to collect sourcing information related to necessary conflict minerals in our products.  

With respect to necessary conflict minerals in our products, based on the results of our inquiry, we had reason to believe that such necessary conflict minerals (1) may have originated in the Covered Countries and (2) may not be solely from recycled or scrap sources.  Accordingly, we exercised due diligence on the source and chain of custody of such necessary conflict minerals, as described in the Conflict Minerals Report attached as Exhibit 1.01 to this Form SD.

A copy of this Form SD, including the Conflict Minerals Report attached hereto as Exhibit 1.01, is publicly available on our website at https://offer.hurco.com/hurco-companies-inc.-investor-information-nasdaq-hurc?utm_source=Website&utm_medium=URL&utm_campaign=investors.

Item 1.02Exhibit

As specified in Section 3, Item 3.01, the Company is hereby filing its Conflict Minerals Report for the reporting period January 1, 2022 to December 31, 2022 as Exhibit 1.01 to this Form SD.

Section 2 – Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Not applicable.

Section 3 – Exhibits

Item 3.01 Exhibits

The following exhibit is filed as part of this Form SD.


EXHIBIT INDEX

Exhibit No.

Description

1.01

Conflict Minerals Report of Hurco Companies, Inc. for the Reporting Period January 1, 2022 to December 31, 2022


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.

Date: May 31, 2023

HURCO COMPANIES, INC.

By:

/s/ Sonja K. McClelland

Name:

Sonja K. McClelland

Title:

Executive Vice President, Treasurer, and Chief Financial Officer


Exhibit 1.01

Hurco Companies, Inc.

Conflict Minerals Report

For the Year Ended December 31, 2022

Overview

This conflict minerals report for the year ended December 31, 2022 is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934, as amended (the “Rule”).  The Rule was adopted by the Securities and Exchange Commission (the “SEC”) to implement reporting and disclosure requirements related to conflict minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”). The Rule imposes certain reporting obligations on SEC registrants whose manufactured products contain conflict minerals that are necessary to the functionality or production of their products (“necessary conflict minerals”).  “Conflict minerals” are defined as cassiterite, columbite-tantalite (coltan), gold, wolframite, or their derivatives, which are limited to tin, tantalum, and tungsten.  These requirements apply to registrants whatever the geographic origin of the necessary conflict minerals.

If a registrant can establish that the necessary conflict minerals in its products originated from sources other than the Democratic Republic of the Congo (“DRC”) or an adjoining country (together with the DRC, the “Covered Countries”), or from recycled and scrap sources, the registrant must submit a specialized disclosure report under Form SD that describes the steps that the registrant took to determine the origin of the necessary conflict minerals in its products.

If a registrant knows or has reason to believe that any of the necessary conflict minerals in its products may have originated in the Covered Countries, or knows or has reason to believe that the necessary conflict minerals may not be solely from recycled or scrap sources, then the registrant must exercise due diligence on the conflict minerals’ source and chain of custody, and the registrant must annually submit a conflict minerals report to the SEC that includes a description of those due diligence measures.

Company and Supply Chain Description

This disclosure has been prepared by management of Hurco Companies, Inc. (herein referred to as “Hurco,” the “Company,” “we,” “us,” or “our”). Hurco is an industrial technology company that designs, manufactures, and sells computerized (i.e., Computer Numeric Control) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry.  The scope of this report includes all products that we manufacture or contract to manufacture within Hurco’s product portfolio.

Our products, such as our proprietary control systems that include printed circuit boards, connectors, liquid crystal displays, touch screens, and keypads, may contain necessary conflict minerals.  In addition, various components of our products, such as motors and drives and encoders, contain electronic components that may contain conflict minerals.  We determined that during the 2022 calendar year, we manufactured and sub-contracted to manufacture products that use purchased components containing necessary conflict minerals.

We are a downstream consumer of necessary conflict minerals.  In most cases, there are several layers of third parties in the supply chain between the original source of the minerals and us.  The majority of our direct suppliers are several steps removed from smelters, refiners, and mines – purchasing their components and products from suppliers who are also removed from direct interaction with smelters, refiners, and mines.  Many of our suppliers and sub-suppliers also supply to other manufacturers of machine tools and related accessories.  Since we do not purchase necessary conflict minerals directly from mines, smelters, or refiners, we rely on our direct suppliers to provide information regarding the origin of these minerals.  

Reasonable Country of Origin Inquiry

We conducted in good faith a reasonable country of origin inquiry (“RCOI”) to determine whether or not any of the necessary conflict minerals in our products originated in the Covered Countries or were not made solely from recycled or scrap sources.  The methods we employed to determine the origin of necessary conflict minerals in our products were:

Identifying relevant suppliers whom we believed were likely to provide us with components and raw materials containing necessary conflict minerals;
Sending correspondence to our direct suppliers explaining the Rule and our disclosure obligations;

Soliciting survey responses from direct suppliers of components of our products, using the Conflict Minerals Reporting Template (the “CMRT”) created by the Responsible Minerals Initiative to identify the smelters and refiners of necessary conflict minerals in our supply chain;
Sending reminders and following up with suppliers that did not respond to our requests for information; and
Reviewing responses that we received from our suppliers and following up by email and/or telephone with those whose responses appeared to be incomplete, incorrect, or not reliable.

Due Diligence Program

We have adopted and communicated to the public a company policy on conflict minerals (the “Hurco Conflict Minerals Policy”), which can be found at the following website: http://www.hurco.com/en-us/about-hurco/investors/Documents/Conflict_Minerals_Policy.pdf.   Pursuant to the Hurco Conflict Minerals Policy, we developed a due diligence framework utilizing the Organisation for Economic Co-operation and Development (the “OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and related Supplements for gold and for tin, tantalum, and tungsten.  We also work with our direct suppliers to determine the potential use of conflict minerals in our supply chain and request our suppliers to conduct the necessary due diligence to provide us with proper verification of the source and chain of custody of the materials used in their products.  

The due diligence measures performed for the reporting year ended December 31, 2022 are summarized below.  


Maintain Strong Company Management Systems.

We have structured a task force comprised of individuals from the Supply Chain Management, Procurement, Engineering, and Finance departments within the Company to support the process of supply chain due diligence.   We collaborated with management from various departments to identify products that are affected by the necessary conflict minerals and mapped them to their respective suppliers.  From the risks identified in our supply chain, we have established a strategy to respond to those risks by continuing to strengthen governance and communication with suppliers.  

Identify and Assess Risk in the Supply Chain.

We developed a risk-based approach that focused on our direct suppliers that we believed were likely to provide us with components and raw materials containing necessary conflict minerals. This was accomplished by members of our task force reviewing the listing of components and raw materials provided by our direct suppliers and identifying those components and raw materials that may contain necessary conflict minerals.   The task force identified 12 direct suppliers who may have sold us goods or products containing necessary conflicts minerals (the “Identified Suppliers”).  

We sent the CMRT to our Identified Suppliers and requested information about the source of conflict minerals contained in the components supplied to us.  Seven out of the 12 Identified Suppliers returned our survey and all seven of these Identified Suppliers responded “yes” to the presence of conflict minerals in their products.  However, all seven of these Identified Suppliers provided their responses to us at a company-wide level, rather than at a product-level specific to the materials they supplied to us.  Therefore, for necessary conflict minerals sourced from these Identified Suppliers, we were unable to determine which, if any, of the smelters and countries of origin listed in their responses were the actual source of necessary conflict minerals they supplied to us.  We intend to continue to work with our direct suppliers in the future to obtain and validate the names of smelters and refiners and related countries of origin that supply necessary conflict minerals for our products.  Using our supply chain due diligence processes, we hope to further develop transparency into our supply chain.

Design and Implement a Strategy to Respond to Identified Risks.

As part of our risk management plan, to ensure that our suppliers understand our expectations, we have described our intention to source responsibly in the Hurco Conflict Minerals Policy, which can be found at http://www.hurco.com/en-us/about-hurco/investors/Documents/Conflict_Minerals_Policy.pdf.

Reliance on Independent Third-Party Audit of Supply Chain Due Diligence at the Smelter/Refiner Level.

 

As mentioned above, we conducted a survey of our 12 Identified Suppliers using the CMRT.  However, we do not have direct relationships with conflict minerals smelters and refiners in our supply chain; thus, we do not perform direct audits of the entities that provide our supply chain with the necessary conflict minerals.  We do rely upon the published results of audits conducted by the Responsible Minerals Initiative and other recognized certification programs to comply with OECD guidance to conduct independent third-party audits.  We also rely upon industry efforts to influence smelters and refineries to participate in the Responsible Minerals Assurance Process (“RMAP”).

Report on Supply Chain Due Diligence.

 

The Company has filed with the SEC its specialized disclosure report on Form SD, which includes this Conflict Minerals Report as Exhibit 1.01, for the reporting period from January 1, 2022 to December 31, 2022.  In accordance with OECD Guidance and the Rule, the Company has also made these disclosures available on its website at www.hurco.com under the “Investors” section.

Due Diligence Results

As described above, components of our products contain necessary conflict minerals.  Based on the information we have obtained pursuant to our good faith RCOI and due diligence process described above, our Identified Suppliers provided us with a list of 339 smelters (listed in Exhibit A) as potentially having processed the necessary conflict minerals used in our products during 2022 (the “Identified Smelters”).  


The table below summarizes certain information pertaining to the 339 Identified Smelters as of May 31, 2023:

Total number of Identified Smelters

 

339

 

Number of Identified Smelters designated “Compliant” by the RMAP

 

218

 

Number of Identified Smelters designated “Active/In progress” *

 

8

 

Number of Identified Smelters designated “Unclassified” (i.e., for which further information is needed to determine status)

 

113

 

________________________

*  “Active/In progress” smelters are those that have committed to undergo a RMAP assessment.

Although we request that our Identified Suppliers provide responses at the product-level, as stated above, seven of our Identified Suppliers that responded “yes” to the presence of conflict minerals in their products provided responses at the company-level, meaning that they reported the smelter information for all of their products, not just for the products sold to us. As such, the list of Identified Smelters disclosed in Exhibit A likely contains more smelters than those that actually process or refine the necessary conflict minerals contained in our products.


Continuous Improvement Efforts to Mitigate Risk

The due diligence discussed above is an ongoing process.  Subject to any changes to the Rule, for 2023, we currently intend to take the following steps to continue our efforts to improve our due diligence process:

Continue to conduct and report annually on supply chain due diligence for the applicable conflict minerals;  
Continue to enhance our supplier validation program intended to promote supplier engagements and enhance supplier knowledge of responsible sourcing from the Covered Countries;
Continue to encourage our suppliers to establish an alternative source of conflict minerals, if any are found to be supplying the Company with necessary conflict minerals from sources that support armed conflict in the Covered Countries;
Continue to work with our suppliers who have indicated the presence of conflict minerals at a company-wide level to obtain product-level declarations in order to refine the smelter list to include only actual verified smelters within our supply chain; and
Continue to work to improve the accuracy of the smelter list.

Independent Private Sector Audit

Not applicable.


EXHIBIT A

METAL

STANDARD SMELTER NAME

COUNTRY

Gold

8853 S.p.A.

ITALY

Gold

ABC Refinery Pty Ltd.

AUSTRALIA

Gold

Abington Reldan Metals, LLC

UNITED STATES OF AMERICA

Gold

Advanced Chemical Company

UNITED STATES OF AMERICA

Gold

African Gold Refinery

UGANDA

Gold

Agosi AG

GERMANY

Gold

Aida Chemical Industries Co., Ltd.

JAPAN

Gold

Al Etihad Gold Refinery DMCC

UNITED ARAB EMIRATES

Gold

Albino Mountinho Lda.

PORTUGAL

Gold

Alexy Metals

UNITED STATES OF AMERICA

Gold

Almalyk Mining and Metallurgical Complex (AMMC)

UZBEKISTAN

Gold

AngloGold Ashanti Corrego do Sitio Mineracao

BRAZIL

Gold

Argor-Heraeus S.A.

SWITZERLAND

Gold

Asahi Pretec Corp.

JAPAN

Gold

Asahi Refining Canada Ltd.

CANADA

Gold

Asahi Refining USA Inc.

UNITED STATES OF AMERICA

Gold

Asaka Riken Co., Ltd.

JAPAN

Gold

Atasay Kuyumculuk Sanayi Ve Ticaret A.S.

TURKEY

Gold

AU Traders and Refiners

SOUTH AFRICA

Gold

Augmont Enterprises Private Limited

INDIA

Gold

Aurubis AG

GERMANY

Gold

Bangalore Refinery

INDIA

Gold

Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

PHILIPPINES

Gold

Boliden AB

SWEDEN

Gold

C. Hafner GmbH + Co. KG

GERMANY

Gold

C.I Metales Procesados Industriales SAS

COLOMBIA

Gold

Caridad

MEXICO

Gold

CCR Refinery - Glencore Canada Corporation

CANADA

Gold

Cendres + Metaux S.A.

SWITZERLAND

Gold

CGR Metalloys Pvt Ltd.

INDIA

Gold

Chimet S.p.A.

ITALY

Gold

Chugai Mining

JAPAN

Gold

Daye Non-Ferrous Metals Mining Ltd.

CHINA

Gold

Degussa Sonne / Mond Goldhandel GmbH

GERMANY

Gold

Dijllah Gold Refinery FZC

UNITED ARAB EMIRATES

Gold

Dongwu Gold Group

CHINA

Gold

Dowa

JAPAN

Gold

DSC (Do Sung Corporation)

KOREA, REPUBLIC OF

Gold

Eco-System Recycling Co., Ltd. East Plant

JAPAN

Gold

Eco-System Recycling Co., Ltd. North Plant

JAPAN

Gold

Eco-System Recycling Co., Ltd. West Plant

JAPAN

Gold

Emerald Jewel Industry India Limited (Unit 1)

INDIA

Gold

Emerald Jewel Industry India Limited (Unit 2)

INDIA

Gold

Emerald Jewel Industry India Limited (Unit 3)

INDIA


Gold

Emerald Jewel Industry India Limited (Unit 4)

INDIA

Gold

Emirates Gold DMCC

UNITED ARAB EMIRATES

Gold

Fidelity Printers and Refiners Ltd.

ZIMBABWE

Gold

Fujairah Gold FZC

UNITED ARAB EMIRATES

Gold

Geib Refining Corporation

UNITED STATES OF AMERICA

Gold

GGC Gujrat Gold Centre Pvt. Ltd.

INDIA

Gold

Gold by Gold Colombia

COLOMBIA

Gold

Gold Coast Refinery

GHANA

Gold

Gold Refinery of Zijin Mining Group Co., Ltd.

CHINA

Gold

Great Wall Precious Metals Co., Ltd. of CBPM

CHINA

Gold

Guangdong Jinding Gold Limited

CHINA

Gold

Guoda Safina High-Tech Environmental Refinery Co., Ltd.

CHINA

Gold

Hangzhou Fuchunjiang Smelting Co., Ltd.

CHINA

Gold

Heimerle + Meule GmbH

GERMANY

Gold

Heraeus Germany GmbH Co. KG

GERMANY

Gold

Heraeus Metals Hong Kong Ltd.

CHINA

Gold

Hunan Chenzhou Mining Co., Ltd.

CHINA

Gold

Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd.

CHINA

Gold

HwaSeong CJ CO., LTD.

KOREA, REPUBLIC OF

Gold

Industrial Refining Company

BELGIUM

Gold

Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.

CHINA

Gold

International Precious Metal Refiners

UNITED ARAB EMIRATES

Gold

Ishifuku Metal Industry Co., Ltd.

JAPAN

Gold

Istanbul Gold Refinery

TURKEY

Gold

Italpreziosi

ITALY

Gold

JALAN & Company

INDIA

Gold

Japan Mint

JAPAN

Gold

Jiangxi Copper Co., Ltd.

CHINA

Gold

JSC Ekaterinburg Non-Ferrous Metal Processing Plant

RUSSIAN FEDERATION

Gold

JSC Novosibirsk Refinery

RUSSIAN FEDERATION

Gold

JSC Uralelectromed

RUSSIAN FEDERATION

Gold

JX Nippon Mining & Metals Co., Ltd.

JAPAN

Gold

K.A. Rasmussen

NORWAY

Gold

Kaloti Precious Metals

UNITED ARAB EMIRATES

Gold

Kazakhmys Smelting LLC

KAZAKHSTAN

Gold

Kazzinc

KAZAKHSTAN

Gold

Kennecott Utah Copper LLC

UNITED STATES OF AMERICA

Gold

KGHM Polska Miedz Spolka Akcyjna

POLAND

Gold

Kojima Chemicals Co., Ltd.

JAPAN

Gold

Korea Zinc Co., Ltd.

KOREA, REPUBLIC OF

Gold

Kundan Care Products Ltd.

INDIA

Gold

Kyrgyzaltyn JSC

KYRGYZSTAN

Gold

Kyshtym Copper-Electrolytic Plant ZAO

RUSSIAN FEDERATION

Gold

L'azurde Company For Jewelry

SAUDI ARABIA

Gold

Lingbao Gold Co., Ltd.

CHINA

Gold

Lingbao Jinyuan Tonghui Refinery Co., Ltd.

CHINA


Gold

L'Orfebre S.A.

ANDORRA

Gold

LS-NIKKO Copper Inc.

KOREA, REPUBLIC OF

Gold

LT Metal Ltd.

KOREA, REPUBLIC OF

Gold

Luoyang Zijin Yinhui Gold Refinery Co., Ltd.

CHINA

Gold

Marsam Metals

BRAZIL

Gold

Materion

UNITED STATES OF AMERICA

Gold

Matsuda Sangyo Co., Ltd.

JAPAN

Gold

MD Overseas

INDIA

Gold

Metal Concentrators SA (Pty) Ltd.

SOUTH AFRICA

Gold

Metallix Refining Inc.

UNITED STATES OF AMERICA

Gold

Metalor Technologies (Hong Kong) Ltd.

CHINA

Gold

Metalor Technologies (Singapore) Pte., Ltd.

SINGAPORE

Gold

Metalor Technologies (Suzhou) Ltd.

CHINA

Gold

Metalor Technologies S.A.

SWITZERLAND

Gold

Metalor USA Refining Corporation

UNITED STATES OF AMERICA

Gold

Metalurgica Met-Mex Penoles S.A. De C.V.

MEXICO

Gold

Mitsubishi Materials Corporation

JAPAN

Gold

Mitsui Mining and Smelting Co., Ltd.

JAPAN

Gold

MKS PAMP SA

SWITZERLAND

Gold

MMTC-PAMP India Pvt., Ltd.

INDIA

Gold

Modeltech Sdn Bhd

MALAYSIA

Gold

Morris and Watson

NEW ZEALAND

Gold

Moscow Special Alloys Processing Plant

RUSSIAN FEDERATION

Gold

Nadir Metal Rafineri San. Ve Tic. A.S.

TURKEY

Gold

Navoi Mining and Metallurgical Combinat

UZBEKISTAN

Gold

NH Recytech Company

KOREA, REPUBLIC OF

Gold

Nihon Material Co., Ltd.

JAPAN

Gold

Ogussa Osterreichische 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

Pease & Curren

UNITED STATES OF AMERICA

Gold

Penglai Penggang Gold Industry Co., Ltd.

CHINA

Gold

Planta Recuperadora de Metales SpA

CHILE

Gold

Prioksky Plant of Non-Ferrous Metals

RUSSIAN FEDERATION

Gold

PT Aneka Tambang (Persero) Tbk

INDONESIA

Gold

PX Precinox S.A.

SWITZERLAND

Gold

QG Refining, LLC

UNITED STATES OF AMERICA

Gold

Rand Refinery (Pty) Ltd.

SOUTH AFRICA

Gold

Refinery of Seemine Gold Co., Ltd.

CHINA

Gold

REMONDIS PMR B.V.

NETHERLANDS

Gold

Royal Canadian Mint

CANADA

Gold

SAAMP

FRANCE

Gold

Sabin Metal Corp.

UNITED STATES OF AMERICA

Gold

Safimet S.p.A

ITALY

Gold

SAFINA A.S.

CZECHIA


Gold

Sai Refinery

INDIA

Gold

Samduck Precious Metals

KOREA, REPUBLIC OF

Gold

Samwon Metals Corp.

KOREA, REPUBLIC OF

Gold

Sancus ZFS (L’Orfebre, SA)

COLOMBIA

Gold

Sellem Industries Ltd.

MAURITANIA

Gold

SEMPSA Joyeria Plateria S.A.

SPAIN

Gold

Shandong Gold Smelting Co., Ltd.

CHINA

Gold

Shandong Humon Smelting Co., Ltd.

CHINA

Gold

Shandong Tiancheng Biological Gold Industrial Co., Ltd.

CHINA

Gold

Shandong Zhaojin Gold & Silver Refinery Co., Ltd.

CHINA

Gold

Shenzhen CuiLu Gold Co., Ltd.

CHINA

Gold

Shenzhen Zhonghenglong Real Industry Co., Ltd.

CHINA

Gold

Shirpur Gold Refinery Ltd.

INDIA

Gold

Sichuan Tianze Precious Metals Co., Ltd.

CHINA

Gold

Singway Technology Co., Ltd.

TAIWAN, PROVINCE OF CHINA

Gold

SOE Shyolkovsky Factory of Secondary Precious Metals

RUSSIAN FEDERATION

Gold

Solar Applied Materials Technology Corp.

TAIWAN, PROVINCE OF CHINA

Gold

Sovereign Metals

INDIA

Gold

State Research Institute Center for Physical Sciences and Technology

LITHUANIA

Gold

Sudan Gold Refinery

SUDAN

Gold

Sumitomo Metal Mining Co., Ltd.

JAPAN

Gold

SungEel HiMetal Co., Ltd.

KOREA, REPUBLIC OF

Gold

Super Dragon Technology Co., Ltd.

TAIWAN, PROVINCE OF CHINA

Gold

T.C.A S.p.A

ITALY

Gold

Tanaka Kikinzoku Kogyo K.K.

JAPAN

Gold

Tokuriki Honten Co., Ltd.

JAPAN

Gold

Tongling Nonferrous Metals Group Co., Ltd.

CHINA

Gold

TOO Tau-Ken-Altyn

KAZAKHSTAN

Gold

Torecom

KOREA, REPUBLIC OF

Gold

Umicore Precious Metals Thailand

THAILAND

Gold

Umicore S.A. Business Unit Precious Metals Refining

BELGIUM

Gold

United Precious Metal Refining, Inc.

UNITED STATES OF AMERICA

Gold

Valcambi S.A.

SWITZERLAND

Gold

WEEEREFINING

FRANCE

Gold

Western Australian Mint (T/a The Perth Mint)

AUSTRALIA

Gold

WIELAND Edelmetalle GmbH

GERMANY

Gold

Yamakin Co., Ltd.

JAPAN

Gold

Yokohama Metal Co., Ltd.

JAPAN

Gold

Yunnan Copper Industry Co., Ltd.

CHINA

Gold

Zhongyuan Gold Smelter of Zhongjin Gold Corporation

CHINA

Tantalum

5D Production OU

ESTONIA

Tantalum

AMG Brasil

BRAZIL

Tantalum

D Block Metals, LLC

UNITED STATES OF AMERICA

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 OF AMERICA

Tantalum

Hengyang King Xing Lifeng New Materials Co., Ltd.

CHINA

Tantalum

Jiangxi Dinghai Tantalum & Niobium Co., Ltd.

CHINA

Tantalum

Jiangxi Tuohong New Raw Material

CHINA

Tantalum

JiuJiang JinXin Nonferrous Metals Co., Ltd.

CHINA

Tantalum

Jiujiang Tanbre Co., Ltd.

CHINA

Tantalum

Jiujiang Zhongao Tantalum & Niobium Co., Ltd.

CHINA

Tantalum

KEMET de Mexico

MEXICO

Tantalum

Materion Newton Inc.

UNITED STATES OF AMERICA

Tantalum

Metallurgical Products India Pvt., Ltd.

INDIA

Tantalum

Mineracao Taboca S.A.

BRAZIL

Tantalum

Mitsui Mining and Smelting Co., Ltd.

JAPAN

Tantalum

Ningxia Orient Tantalum Industry Co., Ltd.

CHINA

Tantalum

NPM Silmet AS

ESTONIA

Tantalum

QuantumClean

UNITED STATES OF AMERICA

Tantalum

Resind Industria e Comercio Ltda.

BRAZIL

Tantalum

RFH Yancheng Jinye New Material Technology Co., Ltd.

CHINA

Tantalum

Solikamsk Magnesium Works OAO

RUSSIAN FEDERATION

Tantalum

Taki Chemical Co., Ltd.

JAPAN

Tantalum

TANIOBIS Co., Ltd.

THAILAND

Tantalum

TANIOBIS GmbH

GERMANY

Tantalum

TANIOBIS Japan Co., Ltd.

JAPAN

Tantalum

TANIOBIS Smelting GmbH & Co. KG

GERMANY

Tantalum

Telex Metals

UNITED STATES OF AMERICA

Tantalum

Ulba Metallurgical Plant JSC

KAZAKHSTAN

Tantalum

XIMEI RESOURCES (GUANGDONG) LIMITED

CHINA

Tantalum

XinXing HaoRong Electronic Material Co., Ltd.

CHINA

Tantalum

Yanling Jincheng Tantalum & Niobium Co., Ltd.

CHINA

Tin

Alpha

UNITED STATES OF AMERICA

Tin

An Vinh Joint Stock Mineral Processing Company

VIET NAM

Tin

Aurubis Beerse

BELGIUM

Tin

Aurubis Berango

SPAIN

Tin

Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.

CHINA

Tin

Chifeng Dajingzi Tin Industry Co., Ltd.

CHINA

Tin

China Tin Group Co., Ltd.

CHINA

Tin

CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda

BRAZIL

Tin

CRM Synergies

SPAIN

Tin

CV Ayi Jaya

INDONESIA

Tin

CV Venus Inti Perkasa

INDONESIA

Tin

Dongguan CiEXPO Environmental Engineering Co., Ltd.

CHINA

Tin

Dowa

JAPAN

Tin

DS Myanmar

MYANMAR

Tin

Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company

VIET NAM

Tin

EM Vinto

BOLIVIA (PLURINATIONAL STATE OF)


Tin

Estanho de Rondonia S.A.

BRAZIL

Tin

Fabrica Auricchio Industria e Comercio Ltda.

BRAZIL

Tin

Fenix Metals

POLAND

Tin

Gejiu City Fuxiang Industry and Trade Co., Ltd.

CHINA

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 Zili Mining And Metallurgy Co., Ltd.

CHINA

Tin

Guangdong Hanhe Non-Ferrous Metal Co., Ltd.

CHINA

Tin

Jiangxi New Nanshan Technology Ltd.

CHINA

Tin

Luna Smelter, Ltd.

RWANDA

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 OF AMERICA

Tin

Mineracao Taboca S.A.

BRAZIL

Tin

Minsur

PERU

Tin

Mitsubishi Materials Corporation

JAPAN

Tin

Modeltech Sdn Bhd

MALAYSIA

Tin

Nghe Tinh Non-Ferrous Metals Joint Stock Company

VIET NAM

Tin

Novosibirsk Tin Combine

RUSSIAN FEDERATION

Tin

O.M. Manufacturing (Thailand) Co., Ltd.

THAILAND

Tin

O.M. Manufacturing Philippines, Inc.

PHILIPPINES

Tin

Operaciones Metalurgicas S.A.

BOLIVIA (PLURINATIONAL STATE OF)

Tin

Pongpipat Company Limited

MYANMAR

Tin

Precious Minerals and Smelting Limited

INDIA

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 Babel Surya Alam Lestari

INDONESIA

Tin

PT Bangka Prima Tin

INDONESIA

Tin

PT Bangka Serumpun

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 Menara Cipta Mulia

INDONESIA

Tin

PT Mitra Stania Prima

INDONESIA

Tin

PT Mitra Sukses Globalindo

INDONESIA

Tin

PT Panca Mega Persada

INDONESIA

Tin

PT Premium Tin Indonesia

INDONESIA

Tin

PT Prima Timah Utama

INDONESIA

Tin

PT Putera Sarana Shakti (PT PSS)

INDONESIA

Tin

PT Rajawali Rimba Perkasa

INDONESIA


Tin

PT Rajehan Ariq

INDONESIA

Tin

PT Refined Bangka Tin

INDONESIA

Tin

PT Sariwiguna Binasentosa

INDONESIA

Tin

PT Stanindo Inti Perkasa

INDONESIA

Tin

PT Timah Nusantara

INDONESIA

Tin

PT Timah Tbk Kundur

INDONESIA

Tin

PT Timah Tbk Mentok

INDONESIA

Tin

PT Tinindo Inter Nusa

INDONESIA

Tin

PT Tirus Putra Mandiri

INDONESIA

Tin

PT Tommy Utama

INDONESIA

Tin

Resind Industria e Comercio Ltda.

BRAZIL

Tin

Rui Da Hung

TAIWAN, PROVINCE OF CHINA

Tin

Super Ligas

BRAZIL

Tin

Thaisarco

THAILAND

Tin

Tin Smelting Branch of Yunnan Tin Co., Ltd.

CHINA

Tin

Tin Technology & Refining

UNITED STATES OF AMERICA

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 Mineracao Ltda.

BRAZIL

Tin

Yunnan Chengfeng Non-ferrous Metals Co., Ltd.

CHINA

Tin

Yunnan Yunfan Non-ferrous Metals Co., Ltd.

CHINA

Tungsten

A.L.M.T. Corp.

JAPAN

Tungsten

ACL Metais Eireli

BRAZIL

Tungsten

Albasteel Industria e Comercio de Ligas Para Fundicao Ltd.

BRAZIL

Tungsten

Artek LLC

RUSSIAN FEDERATION

Tungsten

Asia Tungsten Products Vietnam Ltd.

VIET NAM

Tungsten

China Molybdenum Tungsten Co., Ltd.

CHINA

Tungsten

Chongyi Zhangyuan Tungsten Co., Ltd.

CHINA

Tungsten

CNMC (Guangxi) PGMA Co., Ltd.

CHINA

Tungsten

Cronimet Brasil Ltda

BRAZIL

Tungsten

Fujian Xinlu Tungsten Co., Ltd.

CHINA

Tungsten

Ganzhou Haichuang 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

Guangdong Xianglu Tungsten Co., Ltd.

CHINA

Tungsten

H.C. Starck Tungsten GmbH

GERMANY

Tungsten

HANNAE FOR T Co., Ltd.

KOREA, REPUBLIC OF

Tungsten

Hubei Green Tungsten Co., Ltd.

CHINA

Tungsten

Hunan Chenzhou Mining Co., Ltd.

CHINA

Tungsten

Hunan Jintai New Material Co., Ltd.

CHINA

Tungsten

Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch

CHINA

Tungsten

Hydrometallurg, JSC

RUSSIAN FEDERATION

Tungsten

Japan New Metals Co., Ltd.

JAPAN

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 Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.

CHINA

Tungsten

Jiangxi Xinsheng Tungsten Industry Co., Ltd.

CHINA

Tungsten

Jiangxi Yaosheng Tungsten Co., Ltd.

CHINA

Tungsten

JSC "Kirovgrad Hard Alloys Plant"

RUSSIAN FEDERATION

Tungsten

Kennametal Fallon

UNITED STATES OF AMERICA

Tungsten

Kennametal Huntsville

UNITED STATES OF AMERICA

Tungsten

Lianyou Metals Co., Ltd.

TAIWAN, PROVINCE OF CHINA

Tungsten

LLC Vostok

RUSSIAN FEDERATION

Tungsten

Malipo Haiyu Tungsten Co., Ltd.

CHINA

Tungsten

Masan High-Tech Materials

VIET NAM

Tungsten

Moliren Ltd.

RUSSIAN FEDERATION

Tungsten

Niagara Refining LLC

UNITED STATES OF AMERICA

Tungsten

NPP Tyazhmetprom LLC

RUSSIAN FEDERATION

Tungsten

OOO “Technolom” 1

RUSSIAN FEDERATION

Tungsten

OOO “Technolom” 2

RUSSIAN FEDERATION

Tungsten

Philippine Chuangxin Industrial Co., Inc.

PHILIPPINES

Tungsten

TANIOBIS Smelting GmbH & Co. KG

GERMANY

Tungsten

Unecha Refractory metals plant

RUSSIAN FEDERATION

Tungsten

Wolfram Bergbau und Hutten AG

AUSTRIA

Tungsten

Xiamen Tungsten (H.C.) Co., Ltd.

CHINA

Tungsten

Xiamen Tungsten Co., Ltd.

CHINA

Tungsten

YUDU ANSHENG TUNGSTEN CO., LTD.

CHINA