Cyclops Electronics supports the Conflict Mineral Legislation, within the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010. And the more recent European Union Conflict Minerals Regulation, which came into effect on 1 January 2021.
The term refers to any natural resource, mined and extracted in conditions of armed conflict. Where human rights abuses are a significant concern. In politically unstable areas, armed groups often use forced labour to mine minerals. They then sell those minerals to fund their activities, for example to buy weapons.
In the electronics industry, the term ‘conflict minerals’ normally relates to the four most mined and used resources of:
Known collectively, as the 3TG they are used in a variety of applications and are critical in the manufacture of electronic components.
The Dodd-Frank Act and the Conflict Minerals Regulation aim to help stem the trade of conflict minerals. They do this by ensuring that manufacturers import minerals and metals from responsible sources. These sources are supported by a strong due diligence process and disclosure of their use of conflict minerals.
As an independent distributor of electronic components that does not directly purchase minerals nor manufacture product. We are committed to working with manufacturers that conform to this legislation and undertake due diligence to ensure that no conflict minerals (other than verifiable recycled materials) are used in the manufacture of their components. Cyclops fully understand the importance of this issue to our customers. We expect our supply chain partners to likewise support these efforts.
Although by no means consigned to a specific region. The trade of these minerals has most prominently been a problem within the Democratic Republic of Congo (DRC) and surrounding territories.
Cyclops is committed to supply chain initiatives and overall corporate social responsibility efforts that work towards a conflict mineral free supply chain.