SECTION 1 – CONFLICT MINERALS DISCLOSURE
Item 1.01 Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 Exhibit
Not applicable
Section 2 – Disclosure of Payments by Resource Extraction Issuers
Item 2.01 Resource Extraction Issuer Disclosure and Report
Ferroglobe PLC (“Ferroglobe” or the “Company” or “us”), through its operating subsidiaries, is one of the world’s largest producers of silicon metal, silicon-based alloys and manganese-based alloys. Additionally, Ferroglobe currently has (i) quartz mining activities in Spain, the United States, Canada, and South Africa, (ii) low-ash metallurgical quality coal mining activities in the United States, and (iii) interests in hydroelectric power in France. Ferroglobe controls a meaningful portion of many of its raw materials and captures, recycles and sells most of the by-products generated in its production processes.
We sell our products to a diverse base of customers worldwide, in a varied range of industries. These industries include aluminum, silicone compounds used in the chemical industry, ductile iron, automotive parts, renewable energy, photovoltaic (solar) cells, electronic semiconductors, electric vehicle batteries and steel, all of which are key elements in the manufacturing of a wide range of industrial and consumer products.
On December 16, 2020, the U.S. Securities and Exchange Commission adopted final rules (the “Payments Disclosure Rules”) to require disclosure by resource extraction issuers of certain payments made by them, or a subsidiary or entity controlled by the issuer, to the U.S. federal government or a foreign government (including taxes, royalties and fees) for the purpose of the commercial development of oil, natural gas or minerals.
Ferroglobe qualifies as a resource extraction issuer under the Payments Disclosure Rules and is filing this consolidated report on Form SD to disclose payments to governments made by the Company and its consolidated subsidiaries for the purpose of the commercial development of minerals, in accordance with the Payments Disclosure Rules (the “Report”).
Disclosure of Payments by Resource Extraction Issuers
The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
Resource Extraction Payment Report
The Report presents information on payments made during the fiscal year ended December 31, 2023. Exhibit 2.01 contains: (i) a “Government-level disclosure” table of payments made to each Government; and (ii) “Project-level disclosure” tables, in which payments made to governmental authorities are disaggregated in terms of the project for which each payment was made, and the location of each of the projects.
The Payments Disclosure Rules require resource extraction issuers to disclose the following information: (i) the type and total amount of payments made for each project relating to the commercial development of minerals; (ii) the type and total amount of payments, by payment type, for all projects made to each government; (iii) the total amounts of payments, by payment type; (iv) the payments’