LG Electronics has a policy that conflict minerals contained in our products shall not be derived from sources that finance or benefit armed groups in the DRC or adjoining countries.
LG Electronics expects our suppliers to have in place policies and due-diligence measures to facilitate the sourcing of minerals that are “DRC conflict free”.
- 1) The term “conflict mineral” is defined by U.S. law in Section 1502(e)(4) of the The Dodd-Frank Wall Street Reform and Consumer Protection Act ( i.e., the Act) as (A) columbite-tantalite, also known as coltan (the metal ore from which tantalum is extracted); cassiterite (the metal ore from which tin is extracted); gold; wolframite (the metal ore from which tungsten is extracted); or their derivatives; or (B) any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country.
- 2) The Dodd Frank Wall Street Reform and Consumer Protection Act entered into effect in 2010, and the SEC’s conflict minerals rule implementing the Act was finalized in 2012. In addition to the DRC, the Act and SEC rule cover nine countries that share an internationally recognized border with the DRC. Each is referred to as an “adjoining country” and is defined in Section 1502(e)(1) of the Act , which presently includes Angola, Burundi, Central African Republic, the Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia. The DRC and adjoining countries together are also referred to as the “covered countries.”
- 3) Defined under the U.S. Securities and Exchange Commission conflict minerals rule to mean products that do not contain conflict minerals (tin, tantalum, tungsten, and/or gold) that directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo (DRC) or adjoining countries.