Just weeks remain before companies registered with the US Securities and Exchange Commission must disclose whether they are receiving tantalum, tungsten, tin and gold from the Democratic Republic of the Congo — and, if so, whether they are getting those minerals from conflict-free sources. However, PricewaterhouseCoopers says many companies are not ready to do so.
Andrew O'Donovan, CEO of Global Advanced Metals, spoke with Tantalum Investing News about the process involved in being conflict free.
A recent expose by National Geographic explores the conflict regions of the Democratic Republic of the Congo and shows how conflict minerals have made their way into our everyday electronics.
Tantalum is a blue-gray metallic chemical element that is great for conducting heat and energy.
KEMET Corp. (NYSE:KEM) provided its most recent product performance results for polymer tantalum capacitors. They were developed as per the Automotive Electronics Council Q200 Reliability Document at the 2014 CARTS International Conference.
HC Starck Inc. released its results for the 2013 fiscal year, commenting that its sales came to a total of 703.9 million euros, below the year-ago figure of 862.9 million euros.
Pilbara Minerals Ltd. (ASX:PLS) announced that it has signed a non-binding Heads of Agreement to buy five tenements at Pilgangoora that together make up the Pilgangoora tantalum-lithium project.
Solid Resources Ltd. (TSXV:SRW) has appointed Jonathan C.R. Morley-Kirk as the non-executive Chairman of the Board of Directors, and Mr. Michael Nayyar as Chief Financial Officer. Mr. Nayyar will replace current CFO Rick Gliege, who will continue to act as Chief Operating Officer, Director and Corporate Secretary.
The Washington Post reported that armed groups and high-ranking officials in Congolese and Burundian armies are continuing to benefit from illegal mineral trade in Eastern Congo.
Mining Weekly reported that Mozambique is expected to generate revenues close to $680 million from its resources such as gas, coal, and a wide range of minerals and metals including tantalum, according to an IMF technical team.
Reuters reported that Noventa Ltd said the production of tantalum pentoxide remains at low levels and its redundancy program will affect about 50% of its staff.
Bloomberg reported that South Korea is leading the first geological study of the Amazon rainforest’s rare metals, particularly tantalum, to secure supplies for smartphone production by Samsung Electronics Company Ltd. (KRX:005930) and LG Display Company Ltd. (NYSE:LPL).