AVX Commits to ‘Solutions for Hope Project’ Through Use of Conflict-Free DRC Tantalum Ore

AVX Corporation (NYSE:AVX) reported it has taken delivery of the first shipment of verified conflict-free DRC tantalum ore.

The press release is quoted as saying,

On August 30, 2011, AVX took delivery of the first shipment of “Conflict-Free” DRC tantalite ore containing 5,000 lbs of Ta2O5 from the DRC regional government licensed mine area concession holder. The ore is now being freighted from Johannesburg, South Africa to a smelter, who is a participant in the EICC and GeSI Conflict-Free Smelter (CFS) program, to be converted into capacitor-grade powder and wire. AVX will process these materials into high-quality capacitors for shipment to the growing number of participating customers.

For the complete press release, click here.