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Kemet

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KEMET Chief Executive Officer, Per Loof, testified in a hearing before the U.S. House Financial Services Committee’s Monetary Policy and Trade Subcommittee, as part of the full committee’s continued oversight of the Dodd-Frank Act, signed into law by President Obama five years ago. The hearing, entitled “Dodd-Frank Five Years Later: What Have We Learned from Conflict Minerals Reporting?” focused on Section 1502 of Dodd-Frank, requiring public companies to disclose whether they source “conflict minerals” – tin, tungsten, tantalum, and gold – from the Democratic Republic of Congo (DRC) and its nine neighbouring countries. Loof’s testimony reviewed KEMET’s innovative, vertically integrated, closed pipe supply-chain and socially-sustainable sourcing model for conflict-free tantalum ore in the village of Kisengo, DRC. This village has been positively impacted by Dodd-Frank through KEMET’s investment in an industrial conflict-free mine as well as a number of infrastructure improvements, including a hospital, school, clean water wells and solar…