Conflict minerals refer to minerals such as tin, tantalum, tungsten, and gold produced in disputed countries, such as the Democratic Republic of Congo or its neighboring countries.
The funds generated by the conflict minerals have flowed into armed forces in disputed area which causes to make slaughter as well as human rights abuses such as illegally forced labor and abuse of women during the mining process.
In the middle of increasing international concerns, US Congress enacted a 2010 Dodd-Frank Financial Regulatory Reform Act that required companies, listed on the U.S. stock market, to report on the use of conflict minerals, investigate the origin of conflict minerals and conduct on-site audit to supply chain, and report the results to the U.S. Securities and Exchange Commission (SEC).
As a responsible corporate citizen, Nexen Tire will not allow conflict minerals from militants to be included in our supply chain for product production.
For the reason above, Nexen Tire establish the following procedures.