UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM SD
 
Specialized Disclosure Report
 
CPI Card Group Inc.
(Exact name of registrant as specified in its charter)

Delaware	 	001-37584	 	26-0344657	
(State or Other Jurisdiction of
Incorporation)	 	(Commission File Number)	 	(IRS Employer Identification
No.)	
 
10026 West San Juan Way, Littleton, CO
 (Address of principal executive offices)
 
80127
(Zip Code)
 
Sarah Kilgore
Chief Legal and Compliance Officer
(303) 973-9311
 (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, 2018.   x

 

 
Section 1 — CONFLICTS MINERALS DISCLOSURE
 
Item 1.01 Conflict Minerals Disclosure and Report
 
This Form SD of CPI Card Group Inc, (also referred to herein as “CPI,” “we,” “our”) is filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Rule”), for the reporting period January 1, 2018 to December 31, 2018.
 
CPI has concluded in good faith that during 2018, our business manufactured or contracted to have manufactured products for which conflict minerals as defined in the Rule (“Conflict Minerals”) are necessary to the functionality or production. As required by the Rule, we conducted a reasonable country of origin inquiry (“RCOI”) regarding the source of the Conflict Minerals. CPI does not have sufficient information from our suppliers or other sources at this time to conclude whether any of the Conflict Minerals originated or may have originated in the Covered Countries (as defined in the Rule) and if so, whether those Conflict Minerals are solely from recycled or scrap sources.
 
Description of Reasonable Country of Origin Inquiry
 
For 2018, CPI surveyed its direct suppliers to obtain country of origin information for the Conflict Minerals in our products using the Conflict Minerals Reporting Template from the Responsible Minerals Initiative (“RMI”), formerly the Conflict Free Sourcing Initiative, an initiative started by the Electronic Industry Citizenship Coalition (“EICC”) and the Global e-Sustainability Initiative (“GeSI”).
 
That supply chain survey requested suppliers to identify the smelters and refiners and countries of origin of the Conflict Minerals they supply to CPI. We compared the smelters identified in the surveys against the lists of facilities which have received a “conformant” designation by the Responsible Minerals Assurance Process (“RMAP”), formerly the Conflict-Free Smelter Program provided by the RMI. If a smelter identified by our suppliers was not listed as having received a “conformant” designation, we reviewed its website and other information in an attempt to determine country of origin information for the Conflict Minerals that it processed.
 
Based on the results of our inquiry, we proceeded with due diligence measures pursuant to the Rule. There is significant overlap between our RCOI efforts and the due diligence measures we performed. Both are discussed in more detail in the Conflict Minerals Report filed as Exhibit 1.01.
 
Conflict Minerals Disclosure
 
A copy of this Form SD and the Conflict Minerals Report filed as Exhibit 1.01 to this Form SD are publicly available at: https://www.cpicardgroup.com/supplier-responsibility/ as well as on the
 
2 

 
SEC’s EDGAR database at www.sec.gov.  The reference to CPI’s website is provided for convenience only, and its contents are not incorporated by reference into this Form SD and Conflict Minerals Report nor deemed filed with the U.S. Securities and Exchange Commission.
 
Item 1.02 Exhibit
 
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.
 
Section 2 — EXHIBITS
 
Item 2.01 Exhibits
 
The following exhibit is filed as part of this report.
 
Exhibit 1.01 — Conflict Minerals Report for the period January 1 to December 31, 2018, as required by Items 1.01 and 1.02 of this Form.
 
SIGNATURE
 
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 undersigned hereunto duly authorized.

CPI CARD GROUP INC.	 	
 	 	 	
By:	/s/ Sarah Kilgore	 	
Name: Sarah Kilgore	 	
Title: Chief Legal and Compliance Officer	 	
 
Date:  May 31, 2019
 
3 

Exhibit 1.01 
 
CONFLICT MINERALS REPORT OF CPI CARD GROUP INC.
FOR THE YEAR ENDED DECEMBER 31, 2018
 
Date: May 31, 2019
 
This Conflict Minerals Report for CPI Card Group Inc. (“CPI,” “Company,” “we,” “our”) is provided in accordance with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule 13p-1”) for the reporting period from January 1 to December 31, 2018.
 
Conflict Minerals are defined by the Securities and Exchange Commission (“SEC”) as cassiterite, columbite-tantalite, wolframite and gold, and their derivatives, which are limited to tin, tantalum and tungsten (collectively “3TG”). During calendar year 2017, CPI manufactured and contracted to manufacture products in which 3TG were necessary to the functionality or production of those products.
 
CPI therefore conducted a “reasonable country of origin inquiry” (“RCOI”) to determine whether any of those minerals: (1) originated in the Democratic Republic of Congo (“DRC”), the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola (together, the “Covered Countries”); or (2) are from recycled or scrap sources.
 
A. Introduction:
 
CPI’s Business: We are a leading provider of comprehensive Financial Payment Card solutions in the United States. We define “Financial Payment Cards” as credit, debit and Prepaid Debit Cards issued on the networks of the “Payment Card Brands” (Visa, Mastercard®, American Express and Discover). We define “Prepaid Debit Cards” as debit cards issued on the networks of the Payment Card Brands, but not linked to a traditional bank account. We have established a leading position in the Financial Payment Card market through more than 20 years of experience.
 
CPI’s Supply Chain: The CPI supply chain has a few key suppliers which have product association with 3TG.  CPI is typically many tiers removed from smelters or refiners that would have information on mines supplying 3TG. Moreover, to the extent 3TG are present in CPI products the content may be at trace levels. Obtaining information regarding smelters, refiners and mine locations remains challenging. Challenges include delayed supplier responses, incomplete or inconsistent data, and in some cases the need for supplier follow-up.
 
CPI’s Conflict Minerals Policy: CPI has established a conflict minerals policy which applies to all CPI suppliers. It is available on the website ( https://www.cpicardgroup.com/supplier-responsibility/). CPI is committed to responsible sourcing of 3TG using the Organization for Economic Cooperation and Development (“OECD”) Guidance, so as not to support conflict or

 
human rights abuses in the Covered Countries, while avoiding de facto embargoes. The CPI Conflict Minerals Policy forms the basis for CPI’s conflict minerals program, and its requirements are communicated to CPI’s suppliers through outreach and contract terms.
 
B. Description of RCOI:
 
RCOI Elements: The elements of CPI’s RCOI are identification and prioritization of suppliers, supplier data collection, and an assessment of supplier data to determine whether further due diligence was required.
 
Prioritized Supplier Inquiry: In view of CPI’s supply chain, CPI determined that a reasonably designed and good faith inquiry should focus on higher priority suppliers consistent with RMI’s Five Practical Steps to Support SEC Conflict Minerals Disclosure. Key CPI personnel identified products containing 3TG necessary to the functionality or production of those products (“Necessary 3TG”). CPI determined that our products containing the following features may have Necessary 3TG as part of the attributes including:
 
·                   Magnetic stripe
·                   Cards with a tungsten core
·                   Secure chip products
·                   Antenna for dual interface
·                   Foil
·                   Holograms
 
Data Collection:  Once the suppliers (“Supplier Group”) were identified, CPI asked the Supplier Group to provide information about the Necessary 3TG in their products based on responses to the industry standard RMI Conflict Minerals Reporting Template (“CMRT”). This request was made using email. Additionally, e-mail reminders were sent to those in the Supplier Group who had not responded and follow up phone calls were made.
 
Data Validation:  CPI conducted data validation on all submitted CMRTs and retained all submitted CMRTs for recordkeeping purposes. The goal of data validation is to increase the completeness and accuracy of the submissions and to identify any contradictory responses in the CMRT.
 
We validated whether any 3TG sourced from the Covered Countries is conflict-free based on the information provided by our Supplier Group, through RMI RCOI data and by other information available on RMI’s website.
 
There were 10 suppliers in the Supplier Group.  We received responses from all of the suppliers in the Supplier Group.  Based on the responses received to the Company’s RCOI, CPI compiled a list of 316 verified, unique smelters, including information regarding associated countries of origin. CPI identified smelters which we could not confirm were conforming or had unknown sourcing as identified in Annex I.

 
C. Results of RCOI
 
Downstream companies such as CPI are not likely to have direct information on the sources of minerals upstream of the smelters in their supply chains. Instead, downstream companies rely on available information regarding smelters identified through supplier inquiry. Accordingly, CPI limited our review to supplier responses resulting from the inquiry.
 
Based on the information provided by the Suppliers and otherwise obtained through the due diligence process, we have constructed, to the extent reasonably determinable by us, the table in Annex I regarding the Conflict Minerals included in our Covered Products.  Since most of our suppliers report on a “Company” basis and not specific to the products that they provide to us, there may be smelters listed in the report that provide conflicts minerals that are not included in our Covered Products.
 
D.  Due Diligence
 
CPI designed its overall Conflict Minerals procedures in conformity with the five step framework contained in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, Third Edition , and the supplements on tin, tantalum, tungsten and gold. The principal features responding to each of the five steps are outlined below:
 
1.               Establish strong company management systems . CPI did this by:
 
·                   Creating an internal policy governing our conflict minerals compliance program;
·                   Publishing its Conflict Minerals policy at https://www.cpicardgroup.com/supplier-responsibility/);
·                   Utilizing the Conflict Minerals Reporting Template developed by the Responsible Minerals Initiative to identify smelters and refiners in the supply chain;
·                   Having a cross-functional conflict minerals steering committee, with representatives from finance, legal and purchasing functions to provide oversight to CPI’s conflict minerals program;
·                   Requiring all our 3TG suppliers to conduct the necessary due diligence and provide us with proper verification of the country of origin and source of the materials used in the products they supply to us; and
·                   Supporting initiatives to verify smelters and refiners that are conflict-free, and expecting our suppliers to utilize any such conflict-free smelter/refiner programs that are available.
 
2.               Identify and assess risk in the supply chain . CPI did this by:
 
·                   Surveying suppliers of products that CPI identified that had the potential to contain Conflict Minerals;
·                   Reviewing supplier Conflict Minerals Reporting Template submission to identify errors, omissions, and missed expectations; and

 
·                   Evaluating smelter information provided by the supply chain against data from the Responsible Minerals Initiative.
 
3 Design and implement a strategy to respond to identified risks . CPI did this by:
 
·                   Providing an update to the Audit Committee of CPI’s Board of Directors; and
·                   Increasingly emphasizing CPI’s Conflict Minerals policy intent to expect our suppliers to source materials from suppliers who also source responsibly.
 
4      Carry Out Independent Third-Party Audit of Smelter/Refiner’s Due Diligence Practices CPI is several steps away in the supply chain from smelters and refiners that process the Conflict Minerals used in our products, do not have any direct relationships with such smelters or refiners and did not obtain from a third party or perform ourselves a direct audit of smelters and refiners within our supply chain. Instead, we relied on conflict-free designations based on the activities of other organizations such as the RMI (through the RMAP).
 
5 Report on supply chain due diligence . CPI did this by:
 
·                   Filing an annual Form SD and Conflict Minerals Report with the Securities and Exchange Commission and making that filing available on the Company’s website.
 
E. Future Due Diligence Measures
 
During the 2019 calendar year, we expect to continue to engage in the activities described above, including our efforts to resolve inconsistencies and incomplete responses in the reports from our Suppliers. We plan to continue to request that our Suppliers use the RMI Conflict Minerals Reporting Template.
 
Cautionary Statement about Forward-Looking Statements
 
Certain statements in this report may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “intends,” “plans,” “projects,” “believes,” and “estimates,” “targets,” “anticipates,” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, and any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by federal securities laws.

 
D. Conclusion
 
Based on its RCOI CPI was able to determine that some smelters may be present in conflict zones, and some of the smelters are not on the conforming list.  As part of the ongoing due diligence process, CPI is continuing to work with suppliers to preference conforming smelters and transition non-conforming smelters out of the supply chain.

 
ANNEX I
Smelters Identified in CPI Card Group Inc.’s RCOI

Metal	 	Smelter or Refiner Name	 	Smelter or Refiner Location	 	Conflict Free
Certification	 	
Tungsten	 	A.L.M.T. TUNGSTEN Corp.	 	JAPAN	 	Yes	 	
Gold	 	Abington Reldan Metals, LLC	 	UNITED STATES OF AMERICA	 	No	 	
Tungsten	 	ACL Metais Eireli	 	BRAZIL	 	Yes	 	
Gold	 	Advanced Chemical Company	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	African Gold Refinery	 	UGANDA	 	No	 	
Gold	 	Aida Chemical Industries Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Al Etihad Gold Refinery DMCC	 	UNITED ARAB EMIRATES	 	Yes	 	
Gold	 	Allgemeine Gold-und Silberscheideanstalt A.G.	 	GERMANY	 	Yes	 	
Gold	 	Almalyk Mining and Metallurgical Complex (AMMC)	 	UZBEKISTAN	 	Yes	 	
Tin	 	Alpha	 	UNITED STATES OF AMERICA	 	Yes	 	
Tin	 	An Vinh Joint Stock Mineral Processing Company	 	VIET NAM	 	No	 	
Gold	 	AngloGold Ashanti Córrego do Sítio Mineração	 	BRAZIL	 	Yes	 	
Gold	 	Argor-Heraeus S.A.	 	SWITZERLAND	 	Yes	 	
Gold	 	Asahi Pretec Corp.	 	JAPAN	 	Yes	 	
Gold	 	Asahi Refining Canada Ltd.	 	CANADA	 	Yes	 	
Gold	 	Asahi Refining USA Inc.	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Asaka Riken Co., Ltd.	 	JAPAN	 	Yes	 	
Tantalum	 	Asaka Riken Co., Ltd.	 	JAPAN	 	Yes	 	
Tungsten	 	Asia Tungsten Products Vietnam Ltd.	 	VIET NAM	 	Yes	 	
Gold	 	Atasay Kuyumculuk Sanayi Ve Ticaret A.S.	 	TURKEY	 	No	 	
Gold	 	AU Traders and Refiners	 	SOUTH AFRICA	 	Yes	 	
Gold	 	Aurubis AG	 	GERMANY	 	Yes	 	
Gold	 	Bangalore Refinery	 	INDIA	 	Yes	 	
Gold	 	Bangko Sentral ng Pilipinas (Central Bank of the Philippines)	 	PHILIPPINES	 	Yes	 	
Gold	 	Boliden AB	 	SWEDEN	 	Yes	 	
Gold	 	C. Hafner GmbH + Co. KG	 	GERMANY	 	Yes	 	
Gold	 	Caridad	 	MEXICO	 	No	 	
Gold	 	CCR Refinery - Glencore Canada Corporation	 	CANADA	 	Yes	 	
Gold	 	Cendres + Métaux S.A.	 	SWITZERLAND	 	Yes	 	
Tantalum	 	Changsha South Tantalum Niobium Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Chenzhou Diamond Tungsten Products Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.	 	CHINA	 	Yes	 	

 

Tin	 	Chifeng Dajingzi Tin Industry Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Chimet S.p.A.	 	ITALY	 	Yes	 	
Tin	 	China Tin Group Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Chongyi Zhangyuan Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Chugai Mining	 	JAPAN	 	No	 	
Tin	 	CV Ayi Jaya	 	INDONESIA	 	Yes	 	
Tin	 	CV Dua Sekawan	 	INDONESIA	 	Yes	 	
Tin	 	CV Gita Pesona	 	INDONESIA	 	Yes	 	
Tin	 	CV Tiga Sekawan	 	INDONESIA	 	Yes	 	
Tin	 	CV United Smelting	 	INDONESIA	 	Yes	 	
Tin	 	CV Venus Inti Perkasa	 	INDONESIA	 	Yes	 	
Tantalum	 	D Block Metals, LLC	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Daejin Indus Co., Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	Daye Non-Ferrous Metals Mining Ltd.	 	CHINA	 	No	 	
Gold	 	Degussa Sonne / Mond Goldhandel GmbH	 	GERMANY	 	No	 	
Gold	 	DODUCO Contacts and Refining GmbH	 	GERMANY	 	Yes	 	
Gold	 	Dowa	 	JAPAN	 	Yes	 	
Tin	 	Dowa	 	JAPAN	 	Yes	 	
Gold	 	DS PRETECH Co., Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	DSC (Do Sung Corporation)	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	Eco-System Recycling Co., Ltd.	 	JAPAN	 	Yes	 	
Tin	 	Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company	 	VIET NAM	 	No	 	
Tin	 	EM Vinto	 	BOLIVIA (PLURINATIONAL STATE OF)	 	Yes	 	
Gold	 	Emirates Gold DMCC	 	UNITED ARAB EMIRATES	 	Yes	 	
Tin	 	Estanho de Rondônia S.A.	 	BRAZIL	 	No	 	
Tantalum	 	Exotech Inc.	 	UNITED STATES OF AMERICA	 	Yes	 	
Tantalum	 	F&X Electro-Materials Ltd.	 	CHINA	 	Yes	 	
Tin	 	Fenix Metals	 	POLAND	 	Yes	 	
Gold	 	Fidelity Printers and Refiners Ltd.	 	ZIMBABWE	 	No	 	
Tantalum	 	FIR Metals & Resource Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Fujian Jinxin Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Ganzhou Haichuang Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Ganzhou Huaxing Tungsten Products Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Ganzhou Jiangwu Ferrotungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Ganzhou Seadragon W & Mo Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	GCC Gujrat Gold Centre Pvt. Ltd.	 	INDIA	 	No	 	
Gold	 	Geib Refining Corporation	 	UNITED STATES OF AMERICA	 	Yes	 	
Tin	 	Gejiu Fengming Metallurgy Chemical Plant	 	CHINA	 	Yes	 	
Tin	 	Gejiu Jinye Mineral Company	 	CHINA	 	Yes	 	
Tin	 	Gejiu Kai Meng Industry and Trade LLC	 	CHINA	 	Yes	 	

 

Tin	 	Gejiu Non-Ferrous Metal Processing Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Gejiu Zili Mining And Metallurgy Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Global Advanced Metals Aizu	 	JAPAN	 	Yes	 	
Tantalum	 	Global Advanced Metals Boyertown	 	UNITED STATES OF AMERICA	 	Yes	 	
Tungsten	 	Global Tungsten & Powders Corp.	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Gold Refinery of Zijin Mining Group Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Great Wall Precious Metals Co., Ltd. of CBPM	 	CHINA	 	No	 	
Tin	 	Guangdong Hanhe Non-Ferrous Metal Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Guangdong Jinding Gold Limited	 	CHINA	 	Yes	 	
Tantalum	 	Guangdong Rising Rare Metals-EO Materials Ltd.	 	CHINA	 	No	 	
Tungsten	 	Guangdong Xianglu Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Guangdong Zhiyuan New Material Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Guanyang Guida Nonferrous Metal Smelting Plant	 	CHINA	 	Yes	 	
Gold	 	Gujarat Gold Centre	 	INDIA	 	Yes	 	
Gold	 	Guoda Safina High-Tech Environmental Refinery Co., Ltd.	 	CHINA	 	No	 	
Tantalum	 	H.C. Starck Co., Ltd.	 	THAILAND	 	Yes	 	
Tantalum	 	H.C. Starck Hermsdorf GmbH	 	GERMANY	 	Yes	 	
Tantalum	 	H.C. Starck Inc.	 	UNITED STATES OF AMERICA	 	Yes	 	
Tantalum	 	H.C. Starck Ltd.	 	JAPAN	 	Yes	 	
Tantalum	 	H.C. Starck Smelting GmbH & Co. KG	 	GERMANY	 	Yes	 	
Tungsten	 	H.C. Starck Smelting GmbH & Co. KG	 	GERMANY	 	Yes	 	
Tantalum	 	H.C. Starck Tantalum and Niobium GmbH	 	GERMANY	 	Yes	 	
Tungsten	 	H.C. Starck Tungsten GmbH	 	GERMANY	 	Yes	 	
Gold	 	Hangzhou Fuchunjiang Smelting Co., Ltd.	 	CHINA	 	No	 	
Gold	 	HeeSung Metal Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	Heimerle + Meule GmbH	 	GERMANY	 	Yes	 	
Tantalum	 	Hengyang King Xing Lifeng New Materials Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Heraeus Metals Hong Kong Ltd.	 	CHINA	 	Yes	 	
Gold	 	Heraeus Precious Metals GmbH & Co. KG	 	GERMANY	 	Yes	 	
Tin	 	HuiChang Hill Tin Industry Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Huichang Jinshunda Tin Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Hunan Chenzhou Mining Co., Ltd.	 	CHINA	 	No	 	
Tungsten	 	Hunan Chenzhou Mining Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji	 	CHINA	 	Yes	 	
Tungsten	 	Hunan Chunchang Nonferrous Metals Co., Ltd.	 	CHINA	 	Yes	 	

 

Gold	 	Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd.	 	CHINA	 	No	 	
Tungsten	 	Hunan Litian Tungsten Industry Co., Ltd.	 	CHINA	 	No	 	
Gold	 	HwaSeong CJ Co., Ltd.	 	KOREA, REPUBLIC OF	 	No	 	
Tungsten	 	Hydrometallurg, JSC	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Ishifuku Metal Industry Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Istanbul Gold Refinery	 	TURKEY	 	Yes	 	
Gold	 	Italpreziosi	 	ITALY	 	Yes	 	
Gold	 	Japan Mint	 	JAPAN	 	Yes	 	
Tungsten	 	Japan New Metals Co., Ltd.	 	JAPAN	 	Yes	 	
Tungsten	 	Jiangwu H.C. Starck Tungsten Products Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Jiangxi Copper Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Jiangxi Dayu Longxintai Tungsten Co., Ltd.	 	CHINA	 	No	 	
Tantalum	 	Jiangxi Dinghai Tantalum & Niobium Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Jiangxi Gan Bei Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Jiangxi Ketai Advanced Material Co., Ltd.	 	CHINA	 	No	 	
Tungsten	 	Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd.	 	CHINA	 	No	 	
Tin	 	Jiangxi New Nanshan Technology Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Jiangxi Tuohong New Raw Material	 	CHINA	 	Yes	 	
Tungsten	 	Jiangxi Xinsheng Tungsten Industry Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Jiangxi Yaosheng Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Jiujiang Janny New Material Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	JiuJiang JinXin Nonferrous Metals Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Jiujiang Tanbre Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	Jiujiang Zhongao Tantalum & Niobium Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	JSC Ekaterinburg Non-Ferrous Metal Processing Plant	 	RUSSIAN FEDERATION	 	No	 	
Gold	 	JSC Uralelectromed	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	JX Nippon Mining & Metals Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Kaloti Precious Metals	 	UNITED ARAB EMIRATES	 	No	 	
Gold	 	Kazakhmys Smelting LLC	 	KAZAKHSTAN	 	No	 	
Gold	 	Kazzinc	 	KAZAKHSTAN	 	Yes	 	
Tantalum	 	KEMET Blue Metals	 	MEXICO	 	Yes	 	
Tantalum	 	KEMET Blue Powder	 	UNITED STATES OF AMERICA	 	Yes	 	
Tungsten	 	Kennametal Fallon	 	UNITED STATES OF AMERICA	 	Yes	 	
Tungsten	 	Kennametal Huntsville	 	UNITED STATES OF AMERICA	 	Yes	 	

 

Gold	 	Kennecott Utah Copper LLC	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	KGHM Polska Miedź Spółka Akcyjna	 	POLAND	 	No	 	
Gold	 	Kojima Chemicals Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Korea Zinc Co., Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	Kyrgyzaltyn JSC	 	KYRGYZSTAN	 	Yes	 	
Gold	 	Kyshtym Copper-Electrolytic Plant ZAO	 	RUSSIAN FEDERATION	 	No	 	
Gold	 	L’azurde Company For Jewelry	 	SAUDI ARABIA	 	No	 	
Gold	 	Lingbao Gold Co., Ltd.	 	CHINA	 	No	 	
Gold	 	Lingbao Jinyuan Tonghui Refinery Co., Ltd.	 	CHINA	 	No	 	
Gold	 	L’Orfebre S.A.	 	ANDORRA	 	Yes	 	
Tantalum	 	LSM Brasil S.A.	 	BRAZIL	 	Yes	 	
Gold	 	LS-NIKKO Copper Inc.	 	KOREA, REPUBLIC OF	 	Yes	 	
Gold	 	Luoyang Zijin Yinhui Gold Refinery Co., Ltd.	 	CHINA	 	No	 	
Tin	 	Magnu’s Minerais Metais e Ligas Ltda.	 	BRAZIL	 	Yes	 	
Tin	 	Malaysia Smelting Corporation (MSC)	 	MALAYSIA	 	Yes	 	
Tungsten	 	Malipo Haiyu Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Marsam Metals	 	BRAZIL	 	Yes	 	
Gold	 	Materion	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Matsuda Sangyo Co., Ltd.	 	JAPAN	 	Yes	 	
Tin	 	Melt Metais e Ligas S.A.	 	BRAZIL	 	Yes	 	
Tin	 	Metallic Resources, Inc.	 	UNITED STATES OF AMERICA	 	Yes	 	
Tin	 	Metallo Belgium N.V.	 	BELGIUM	 	Yes	 	
Tin	 	Metallo Spain S.L.U.	 	SPAIN	 	Yes	 	
Tantalum	 	Metallurgical Products India Pvt., Ltd.	 	INDIA	 	Yes	 	
Gold	 	Metalor Technologies (Hong Kong) Ltd.	 	CHINA	 	Yes	 	
Gold	 	Metalor Technologies (Singapore) Pte., Ltd.	 	SINGAPORE	 	Yes	 	
Gold	 	Metalor Technologies (Suzhou) Ltd.	 	CHINA	 	Yes	 	
Gold	 	Metalor Technologies S.A.	 	SWITZERLAND	 	Yes	 	
Gold	 	Metalor USA Refining Corporation	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Metalúrgica Met-Mex Peñoles S.A. De C.V.	 	MEXICO	 	Yes	 	
Tantalum	 	Mineração Taboca S.A.	 	BRAZIL	 	Yes	 	
Tin	 	Mineração Taboca S.A.	 	BRAZIL	 	Yes	 	
Tin	 	Minsur	 	PERU	 	Yes	 	
Gold	 	Mitsubishi Materials Corporation	 	JAPAN	 	Yes	 	
Tin	 	Mitsubishi Materials Corporation	 	JAPAN	 	Yes	 	
Tantalum	 	Mitsui Mining & Smelting	 	JAPAN	 	Yes	 	
Gold	 	Mitsui Mining and Smelting Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	MMTC-PAMP India Pvt., Ltd.	 	INDIA	 	Yes	 	
Gold	 	Modeltech Sdn Bhd	 	MALAYSIA	 	No	 	
Tin	 	Modeltech Sdn Bhd	 	MALAYSIA	 	Yes	 	
Tungsten	 	Moliren Ltd.	 	RUSSIAN FEDERATION	 	Yes	 	

 

Gold	 	Morris and Watson	 	NEW ZEALAND	 	No	 	
Gold	 	Moscow Special Alloys Processing Plant	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	Nadir Metal Rafineri San. Ve Tic. A.Ş.	 	TURKEY	 	Yes	 	
Gold	 	Navoi Mining and Metallurgical Combinat	 	UZBEKISTAN	 	No	 	
Tin	 	Nghe Tinh Non-Ferrous Metals Joint Stock Company	 	VIET NAM	 	No	 	
Gold	 	NH Recytech Company	 	KOREA, REPUBLIC OF	 	No	 	
Tungsten	 	Niagara Refining LLC	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Nihon Material Co., Ltd.	 	JAPAN	 	Yes	 	
Tantalum	 	Ningxia Orient Tantalum Industry Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	NPM Silmet AS	 	ESTONIA	 	Yes	 	
Tungsten	 	Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC	 	VIET NAM	 	Yes	 	
Tin	 	O.M. Manufacturing (Thailand) Co., Ltd.	 	THAILAND	 	Yes	 	
Tin	 	O.M. Manufacturing Philippines, Inc.	 	PHILIPPINES	 	Yes	 	
Gold	 	Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH	 	AUSTRIA	 	Yes	 	
Gold	 	Ohura Precious Metal Industry Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet)	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	OJSC Novosibirsk Refinery	 	RUSSIAN FEDERATION	 	Yes	 	
Tin	 	Operaciones Metalurgical S.A.	 	BOLIVIA (PLURINATIONAL STATE OF)	 	Yes	 	
Gold	 	PAMP S.A.	 	SWITZERLAND	 	Yes	 	
Gold	 	Pease & Curren	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Penglai Penggang Gold Industry Co., Ltd.	 	CHINA	 	No	 	
Tungsten	 	Philippine Chuangxin Industrial Co., Inc.	 	PHILIPPINES	 	Yes	 	
Gold	 	Planta Recuperadora de Metales SpA	 	CHILE	 	Yes	 	
Tin	 	Pongpipat Company Limited	 	MYANMAR	 	No	 	
Tantalum	 	Power Resources Ltd.	 	MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF	 	Yes	 	
Gold	 	Prioksky Plant of Non-Ferrous Metals	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	PT Aneka Tambang (Persero) Tbk	 	INDONESIA	 	Yes	 	
Tin	 	PT Aries Kencana Sejahtera	 	INDONESIA	 	Yes	 	
Tin	 	PT Artha Cipta Langgeng	 	INDONESIA	 	Yes	 	
Tin	 	PT ATD Makmur Mandiri Jaya	 	INDONESIA	 	Yes	 	
Tin	 	PT Babel Inti Perkasa	 	INDONESIA	 	Yes	 	
Tin	 	PT Bangka Prima Tin	 	INDONESIA	 	Yes	 	
Tin	 	PT Bangka Serumpun	 	INDONESIA	 	Yes	 	
Tin	 	PT Bangka Tin Industry	 	INDONESIA	 	Yes	 	
Tin	 	PT Belitung Industri Sejahtera	 	INDONESIA	 	Yes	 	
Tin	 	PT Bukit Timah	 	INDONESIA	 	Yes	 	

 

Tin	 	PT DS Jaya Abadi	 	INDONESIA	 	Yes	 	
Tin	 	PT Eunindo Usaha Mandiri	 	INDONESIA	 	No	 	
Tin	 	PT Inti Stania Prima	 	INDONESIA	 	Yes	 	
Tin	 	PT Karimun Mining	 	INDONESIA	 	Yes	 	
Tin	 	PT Kijang Jaya Mandiri	 	INDONESIA	 	Yes	 	
Tin	 	PT Lautan Harmonis Sejahtera	 	INDONESIA	 	Yes	 	
Tin	 	PT Menara Cipta Mulia	 	INDONESIA	 	Yes	 	
Tin	 	PT Mitra Stania Prima	 	INDONESIA	 	Yes	 	
Tin	 	PT Panca Mega Persada	 	INDONESIA	 	Yes	 	
Tin	 	PT Premium Tin Indonesia	 	INDONESIA	 	Yes	 	
Tin	 	PT Prima Timah Utama	 	INDONESIA	 	Yes	 	
Tin	 	PT Refined Bangka Tin	 	INDONESIA	 	Yes	 	
Tin	 	PT Sariwiguna Binasentosa	 	INDONESIA	 	Yes	 	
Tin	 	PT Stanindo Inti Perkasa	 	INDONESIA	 	Yes	 	
Tin	 	PT Sukses Inti Makmur	 	INDONESIA	 	Yes	 	
Tin	 	PT Sumber Jaya Indah	 	INDONESIA	 	Yes	 	
Tin	 	PT Timah (Persero) Tbk Kundur	 	INDONESIA	 	Yes	 	
Tin	 	PT Timah (Persero) Tbk Mentok	 	INDONESIA	 	Yes	 	
Tin	 	PT Tinindo Inter Nusa	 	INDONESIA	 	Yes	 	
Tin	 	PT Tommy Utama	 	INDONESIA	 	Yes	 	
Gold	 	PX Précinox S.A.	 	SWITZERLAND	 	Yes	 	
Gold	 	QG Refining, LLC	 	UNITED STATES OF AMERICA	 	No	 	
Tantalum	 	QuantumClean	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Rand Refinery (Pty) Ltd.	 	SOUTH AFRICA	 	Yes	 	
Gold	 	Refinery of Seemine Gold Co., Ltd.	 	CHINA	 	No	 	
Gold	 	Remondis Argentia B.V.	 	NETHERLANDS	 	Yes	 	
Gold	 	Republic Metals Corporation	 	UNITED STATES OF AMERICA	 	No	 	
Tantalum	 	Resind Indústria e Comércio Ltda.	 	BRAZIL	 	Yes	 	
Tin	 	Resind Indústria e Comércio Ltda.	 	BRAZIL	 	Yes	 	
Tantalum	 	RFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Royal Canadian Mint	 	CANADA	 	Yes	 	
Tin	 	Rui Da Hung	 	TAIWAN, PROVINCE OF CHINA	 	Yes	 	
Gold	 	SAAMP	 	FRANCE	 	Yes	 	
Gold	 	Sabin Metal Corp.	 	UNITED STATES OF AMERICA	 	No	 	
Gold	 	Safimet S.p.A	 	ITALY	 	Yes	 	
Gold	 	SAFINA A.S.	 	CZECH REPUBLIC	 	No	 	
Gold	 	Sai Refinery	 	INDIA	 	No	 	
Gold	 	Samduck Precious Metals	 	KOREA, REPUBLIC OF	 	No	 	
Gold	 	SAMWON Metals Corp.	 	KOREA, REPUBLIC OF	 	No	 	
Gold	 	SAXONIA Edelmetalle GmbH	 	GERMANY	 	Yes	 	

 

Gold	 	SEMPSA Joyería Platería S.A.	 	SPAIN	 	Yes	 	
Gold	 	Shandong Tiancheng Biological Gold Industrial Co., Ltd.	 	CHINA	 	No	 	
Gold	 	Shandong Zhaojin Gold & Silver Refinery Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Sichuan Tianze Precious Metals Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Singway Technology Co., Ltd.	 	TAIWAN, PROVINCE OF CHINA	 	Yes	 	
Gold	 	SOE Shyolkovsky Factory of Secondary Precious Metals	 	RUSSIAN FEDERATION	 	Yes	 	
Tin	 	Soft Metais Ltda.	 	BRAZIL	 	Yes	 	
Gold	 	Solar Applied Materials Technology Corp.	 	TAIWAN, PROVINCE OF CHINA	 	Yes	 	
Tantalum	 	Solikamsk Magnesium Works OAO	 	RUSSIAN FEDERATION	 	Yes	 	
Tungsten	 	South-East Nonferrous Metal Company Limited of Hengyang City	 	CHINA	 	Yes	 	
Gold	 	State Research Institute Center for Physical Sciences and Technology	 	LITHUANIA	 	No	 	
Gold	 	Sudan Gold Refinery	 	SUDAN	 	No	 	
Gold	 	Sumitomo Metal Mining Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	SungEel HiMetal Co., Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Tin	 	Super Ligas	 	BRAZIL	 	No	 	
Gold	 	T.C.A S.p.A	 	ITALY	 	Yes	 	
Tantalum	 	Taki Chemicals	 	JAPAN	 	Yes	 	
Gold	 	Tanaka Kikinzoku Kogyo K.K.	 	JAPAN	 	Yes	 	
Tungsten	 	Tejing (Vietnam) Tungsten Co., Ltd.	 	VIET NAM	 	Yes	 	
Tantalum	 	Telex Metals	 	UNITED STATES OF AMERICA	 	Yes	 	
Tin	 	Thaisarco	 	THAILAND	 	Yes	 	
Gold	 	The Refinery of Shandong Gold Mining Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Tin Technology & Refining	 	UNITED STATES OF AMERICA	 	Yes	 	
Gold	 	Tokuriki Honten Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Tongling Nonferrous Metals Group Co., Ltd.	 	CHINA	 	No	 	
Gold	 	Tony Goetz NV	 	BELGIUM	 	No	 	
Gold	 	TOO Tau-Ken-Altyn	 	KAZAKHSTAN	 	No	 	
Gold	 	Torecom	 	KOREA, REPUBLIC OF	 	Yes	 	
Tin	 	Tuyen Quang Non-Ferrous Metals Joint Stock Company	 	VIET NAM	 	No	 	
Tantalum	 	Ulba Metallurgical Plant JSC	 	KAZAKHSTAN	 	Yes	 	
Gold	 	Umicore Brasil Ltda.	 	BRAZIL	 	Yes	 	
Gold	 	Umicore Precious Metals Thailand	 	THAILAND	 	Yes	 	
Gold	 	Umicore S.A. Business Unit Precious Metals Refining	 	BELGIUM	 	Yes	 	
Tungsten	 	Unecha Refractory Metals Plant	 	RUSSIAN FEDERATION	 	Yes	 	
Gold	 	United Precious Metal Refining, Inc.	 	UNITED STATES OF AMERICA	 	Yes	 	

 

Gold	 	Universal Precious Metals Refining Zambia	 	ZAMBIA	 	No	 	
Gold	 	Valcambi S.A.	 	SWITZERLAND	 	Yes	 	
Tungsten	 	Vietnam Youngsun Tungsten Industry Co., Ltd.	 	VIET NAM	 	No	 	
Gold	 	Western Australian Mint (T/a The Perth Mint)	 	AUSTRALIA	 	Yes	 	
Tin	 	White Solder Metalurgia e Mineração Ltda.	 	BRAZIL	 	Yes	 	
Tin	 	White Solder Metalurgia e Mineração Ltda.	 	BRAZIL	 	Yes	 	
Gold	 	WIELAND Edelmetalle GmbH	 	GERMANY	 	Yes	 	
Tungsten	 	Wolfram Bergbau und Hütten AG	 	AUSTRIA	 	Yes	 	
Tungsten	 	Woltech Korea Co., Ltd.	 	KOREA, REPUBLIC OF	 	Yes	 	
Tungsten	 	Xiamen Tungsten (H.C.) Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Xiamen Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.	 	CHINA	 	Yes	 	
Tungsten	 	Xinhai Rendan Shaoguan Tungsten Co., Ltd.	 	CHINA	 	Yes	 	
Tantalum	 	XinXing HaoRong Electronic Material Co., Ltd.	 	CHINA	 	Yes	 	
Gold	 	Yamakin Co., Ltd.	 	JAPAN	 	Yes	 	
Gold	 	Yokohama Metal Co., Ltd.	 	JAPAN	 	Yes	 	
Tin	 	Yunnan Chengfeng Non-ferrous Metals Co., Ltd.	 	CHINA	 	No	 	
Gold	 	Yunnan Copper Industry Co., Ltd.	 	CHINA	 	Yes	 	
Tin	 	Yunnan Tin Company Limited	 	CHINA	 	Yes	 	
Gold	 	Zhongyuan Gold Smelter of Zhongjin Gold Corporation	 	CHINA	 	Yes