Exploring New Frontiers
London 08 November 2018 - Sumo Resources subsidiaries granted full ITSCI membership
It is with pleasure that we can announce that full membership of our subsidiaries Sumo Resources FZC and SR Tanmin Sarl have been granted by the ITSCI.
This entitles SR Tanmin Sarl to purchase, process and export Tantalite, Tin and Tungsten from miners in the Democratic Republic in Congo that is ITSCI compliant.
The ITSCI membership of Sumo Resources FZC entitles it to trade in Tantalite, Tin and Tungsten sourced from exporters in the Great Lakes Region of Africa which include Burundi, the DRC, Kenya, Rwanda, Tanzania and Uganda.
The purpose of the ITSCI ((www.itsci.org) is to create responsible mineral supply chains that avoid contributing to conflict, human rights abuses or other risks such as bribery currently in Central Africa. By participating in the program members can give insurance to upstream users such as Apple, IBM and other large industries that the minerals in the supply chain are sourced conflict free as required by the Dodd-Frank legislation in the United States of America.
A detailed assessment by the OECD recently concluded that the standards of the ITSCI Programme are 100% aligned with the 5 Step due diligence recommendations of the OECD’s internationally accepted guidance for good company management, risk assessment and mitigation, auditing and public reporting in responsible minerals supply chains.
The acceptance of our subsidiaries into the ITSCI program after a long and thorough process allows us to execute our plans of implementing processing facilities and provides additional sourcing possibilities in addition to those in the Democratic Republic of Congo.