What are conflict minerals? The term conflict minerals has been popping up more and more in the fastener industry. The term comes from the Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed by US Congress in July 2010. There are four elements referred to in this act: Tin, Tantalum, Tungsten and Gold – otherwise referred to as 3TG. The income from trading these minerals that originate from certain illegally controlled mines are used to finance armed conflict in the DRC (Democratic Republic of Congo) and the surrounding region.
Conflict-Free Sourcing Initiative
In an effort to prevent conflict minerals from entering the global market, the Conflict-Free Sourcing Initiative (CFSI) has created a Conflict Minerals Reporting Template (CMRT) to collect information related to conflict minerals and raise awareness for companies who choose to participate.
Most standard fasteners do not contain any of the four minerals listed, but there are some exceptions. Bossard is committed to supporting the Dodd-Frank Consumer Protection Act. For more information, contact us at ProvenProductivity@bossard.com.