BETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platform

June 30, 2020 / www.metalbulletin.com / Article Link

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc's blockchain-based platform.

The platform, which was launched in October 2019, aims to improve efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.
MineHub said the trade marks the first in a series of transactions with industry partners, guiding the next evolution of functionality on the platform that will ultimately provide commodity supply chains with a fully digital end-to-end fulfillment process.

"Working with the world's largest mining company and the world's largest steel producer on designing the digital future of...

Recent News

Gold stocks decline on flat metal and mixed equities

October 07, 2024 / www.canadianminingreport.com

Copper price expected to range from flat to slight gain in 2025

October 07, 2024 / www.canadianminingreport.com

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok