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Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with major Chinese steel producer Baosteel in the near future. Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with China’s Baowu Steel Group’s listed arm, Baosteel, in the near future.BHP’s announcement on May 12, as reported by Reuters,

Earlier this week, Contour trade finance blockchain announced Rio Tinto and China’s Baosteel completed a yuan-based iron ore trade using its platform. It was the first blockchain-based letter of credit transaction on the platform for DBS Bank after it joined Contour on Monday. The Chinese government is encouraging trade to be denominated in the yuan / renminbi rather than the U.S. dollar

Blockchain technology can help miners secure investment and future accessto markets through times of unprecedented changeBy Carly Leonida, European EditorIn April, Berlin-based Minespider announced it had secured €2.8 million in funding to further develop its blockchain protocol for mineral sourcing.The news is indicative, not just of the market’s increased appetite for transparency at every stage

LONDON (Reuters) – BHP Group has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co Ltd, in a transaction worth around $14 million. BHP and technology firm MineHub said in separate statements on Monday that blockchain – a digital ledger that forms the backbone of many cryptocurrencies such as

Rio de Janeiro, September 3rd, 2020 – Vale S.A. (“Vale”) completed this Thursday its first sale of iron ore using blockchain technology with Nanjing Iron & Steel Group International Trade Co., Ltd., a subsidiary of Nanjing Iron and Steel Co., Ltd. (NISCO) for a cargo of 176,000 tons of Brazilian Blend Fines (BRBF) from Teluk

Written by: Guy Halford-Thompson, MinehubThe mining and metals sector has been around for thousands of years. As the founder of a tech company setting out to innovate the industry, I’m often asked why innovate given the industry’s continued success.At MineHub, we asked ourselves how can large companies adopt innovative technologies to generate efficiencies, without creating disruption?You see, lots

The World Economic Forum’s Mining and Metals Blockchain Initiative has released a unique proof of concept to trace emissions across the value chain using distributed ledger technologyThe initiative is a collaboration between seven global companies and the World Economic Forum that aims to accelerate an industry solution for supply chain visibility and ESG requirementsThe proof

Miner and commodities trader Glencore (LON: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes.The cobalt, which will be produced at the Swiss company’s Nikkleverk facility in Norway, will be a core component in FREYR’s lithium-ion battery (LIB) cells to be produced at planned