News

KEMET Corporation announced today that it has signed an agreement to acquire a 34% economic interest with a 51% voting interest in NEC TOKIN Corporation (“NT”), a manufacturer of tantalum capacitors, electro-magnetic, electro-mechanical, access devices and piezoelectric ceramics from NEC Corporation of Japan. Revenue of NT for the twelve-month period ended March 31, 2011 was ¥64,770 million or approximately $755 million.

Full article (KEMET)

The iTSCi Programme is pleased to announce signature of a further agreement with the Ministry of Mines of the Democratic Republic of the Congo (DRC) extending co-operation on iTSCi implementation into other areas of the country.
The new Memorandum of Understanding (MOU) was agreed following an evaluation of progress by Ministry experts who have reported improved transparency and statistics of production, and resulting tax revenues, as well as increased Government control and governance in the stanniferrous mineral sector in Katanga; the only Province where iTSCi is currently able to operate.

Full article (iTSCi)

Press coverage: Circuits Assembly; Mbendi; Metal Bulletin

Companies whose products contain so-called African "conflict minerals" will not be forced to immediately start complying with the new SEC disclosure regulations set to be adopted this year.  "The commission is working to finalize the adoption and I'm hopeful in the next couple of months, it will be done," U.S. Securities and Exchange Commission Chairman Mary Schapiro told lawmakers during a hearing on the agency's 2013 budget request.  "We will have a phase-in period, I don't know how long, that will... give sufficient time for some of the supply chain due diligence mechanisms to be developed and put in place."

Full article (Reuters)