Kemet Corporation (NYSE:KEM) announced a plan for sourcing conflict free tantalum from the Democratic Republic of Congo.
As quoted in the press release:
Over the past year the company has taken multiple actions and developed a more comprehensive plan whereby tantalum ore is sourced directly from the conflict free Katanga Province of the DRC and delivered it to CFS certified smelters for processing in a closed-pipe system. The closed-pipe system for the sourcing and transit of tantalum ore is being managed consistent with both the Organization for Economic Cooperation and Development (OECD) due diligence guidance for responsible supply chains of conflict minerals as well as the current understanding of the yet to be promulgated Dodd-Frank 1502 legislation relating to the same issue.
Kemet’s Vice President of Strategic Marketing and Business, Dr. Daniel Persico said:
Kemet has been and is currently deeply involved with the various industry and governmental initiatives addressing the issue of conflict minerals sourcing. Through our memberships and active participation with the key regulatory organizations on this issue we are not only maintaining our finger on the pulse but actively pursuing forward progress.