KEMET Leads the Way With the “Partnership for Social and Economic Sustainability” Conflict-Free Tantalum Sourcing Initiative
As the world’s largest user of tantalum, KEMET took an early leadership position in the industry on the issue of obtaining certified conflict-free minerals. The KEMET “Partnership for Social and Economic Sustainability” program is the industry’s most comprehensive social sustainability and economic program focused on meeting the short and long-term needs of all stakeholders in the KEMET tantalum supply chain. This program includes a completed closed-pipe conflict-free vertically integrated tantalum supply chain.
About Dodd-Frank Conflict Minerals Provision 1502
The Democratic Republic of Congo (DRC) is one of the world's richest deposits of minerals such as tin, tantalum, tungsten and gold. Unfortunately, decades of war and corruption have lead to widespread poverty, starvation, gender-based violence, and sexual-exploitation. To bring social responsibility to American companies that extract minerals from the area, the United States recently enacted laws to ensure that corporate dollars were not going into the hands of warlords and those that seek to perpetuate the conflict. The Dodd-Frank Wall Street Reform and Consumer Protection Act was introduced into the House of Representatives by Congressman Barney Frank (MA-4) and in the U. S. Senate by Senator Christopher Dodd (CT). The bill was passed in the 111th Congress and signed into law by the President on July 21, 2011. This legislation calls upon U.S. companies to ensure that the products they manufacture do not contain minerals that directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo or adjoining countries. In coordination with the Security and Exchanges Committee, the Department of Commerce, and the Department of State, the Federal Government will work with American business to help rebuild communities in the Congo through sustainable development in the region.