For Fashion

In the United States, Tiffany & Co. is also working to support reform of the
General Mining Law of 1872 and to pass legislation to assist in cleaning up
abandoned hardrock mines.

We agree with many in the environmental community, the mining industry and
Congress that an overhaul of federal mining law is long overdue. Tiffany also
understands that achieving mining law reform will require hard work, negotiation,
compromise and creativity in a public, transparent process.

We believe that mining on our public lands should be a privilege and must be carefully
measured against alternative uses, including recreation and conservation. Most
importantly, we recognize that some public lands are simply not suitable for
mining, and that their value for recreation and conservation is far greater than
their value as a source of materials.

If reforms are to succeed, we believe taxpayers must be fairly compensated
for minerals taken from public lands, that protection of the environment must
be enhanced and that business certainty for companies and communities
dependent on mining must be improved.

Tiffany & Co. has publicly—and actively—opposed inappropriate mine
development on environmentally and culturally sensitive lands. We will
continue to do so in the future.

The toxic legacy of abandoned mines in the American West is also a matter of
great concern to Tiffany. Under current law, government entities, nonprofits,
private parties and other organizations may incur liability for voluntarily cleaning
up mine-related pollution they did not cause. Tiffany supports protection of
these "Good Samaritans" to encourage efforts to effectively deal with these
mines and to establish a permanent source of funding for them.

http://www.tiffany.com/sustainability/conservation.aspx