Mikuron Precision Pte Ltd Responsible Minerals Sourcing Policy

1) Purpose

Mikuron Precision Pte Ltd is committed to responsible sourcing of minerals used in our manufacturing processes. We support global efforts to prevent the use of minerals that directly or indirectly finance conflict, human rights abuses, or unethical practices.

This policy aligns with international frameworks including:

  • OECD Due Diligence Guidance for Responsible Supply Chains of Minerals
  • Responsible Minerals Initiative (RMI) standards
  • Applicable regulatory requirements such as EU Conflict Minerals Regulation

2. Scope

This policy applies to:

  • All products manufactured by Mikuron Precision Pte Ltd
  • All suppliers providing raw materials, components, or services
  • All employees involved in procurement, operations, and compliance

Relevant materials include, but are not limited to:

  • Stainless Steel (SUS)
  • Aluminium
  • Titanium
  • All metals containing or associated with 3TG (Tin, Tantalum, Tungsten, Gold) and extended minerals (e.g., Cobalt, Nickel)

3. Policy Statement

Mikuron Precision Pte Ltd commits to:

  • Avoid sourcing minerals that contribute to armed conflict or human rights violations
  • Support responsible and ethical mineral supply chains
  • Promote transparency and traceability within our supply chain
  • Continuously improve due diligence processes

4. Supplier Requirements

We require our suppliers to:

  • Source minerals from responsible and verified smelters/refiners (e.g., RMI-conformant)
  • Provide accurate and complete declarations (e.g., CMRT / EMRT)
  • Maintain policies consistent with responsible mineral sourcing principles
  • Support traceability of materials upon request

5. Due Diligence Process

Mikuron implements a risk-based due diligence approach, including:

  • Annual supplier assessments and declarations
  • Collection and review of EMRT / CMRT data
  • Evaluation against RMI and OECD frameworks
  • Identification and mitigation of supply chain risks

6. Risk Management

Where risks are identified:

  • Suppliers will be required to implement corrective actions
  • Continuous monitoring and follow-up will be conducted
  • Non-compliant suppliers may be subject to review or disengagement

7. Grievance Mechanism<

Mikuron supports transparent reporting of concerns related to responsible sourcing.

Stakeholders may raise concerns via:

  • Email: compliance@mikuronpteltd.com

All reports will be handled confidentially and investigated appropriately.

8. Governance & Review

This policy is:

  • Approved by management
  • Reviewed annually
  • Updated in line with regulatory and industry developments

9. Commitment

Mikuron Precision Pte Ltd is committed to ethical business practices and responsible sourcing, contributing to a sustainable and conflict-free global supply chain.