Business
Codelco Selects MineHub Technologies' Waybridge Platform for Its Global Refined Copper Sales
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - MineHub Technologies Inc. ( TSX...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"Codelco Selects MineHub Technologies' Waybridge Platform for Its Global Refined Copper SalesVancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") and Corporación Nacional del Cobre de Chile (\"Codelco\") is pleased to announce that Codelco has selected its Waybridge Platform as Codelco's Global Commercial Platform, following a Request for Proposal (RFP) and successful pilot. Codelco will utilize the Waybridge Platform to digitize 100% of its global refined copper business and lead the industry towards more efficient, reliable, and sustainable trading.Arnoud Star Busmann, CEO at MineHub Technologies said: \"Codelco's selection of the Waybridge platform to digitise all its refined copper sales is transformative not just for Codelco and its global customer base, but potentially for the global copper industry. Combined with the MineHub platform, which has seen accelerated adoption by the copper concentrates market, there is now the opportunity for the copper industry to adopt a common standard and accelerate the digital transformation of the industry – with all the benefits that that can bring in terms of efficiency, transparency, resilience, and compliance. We are very much looking forward to starting this journey.\"The SaaS-based Waybridge platform currently provides seamless order processing, real-time shipment tracking, inventory management and reporting for the commodities ecosystem by automating data connections between customers and their entire supply chains. Waybridge has over 90 companies interacting digitally on its platform, including leading global manufacturers, as well as major miners, warehouses, and shipping companies. In 2022, Waybridge customers managed more than $7 billion of raw materials via the platform.Carlos Alvarado, CCO at Codelco said: \"Following a comprehensive evaluation, we are pleased to have selected Waybridge as our technology partner to launch a commercial platform for our refined copper sales. Digitalization is one of our core strategic enablers, and the benefits we aim to capture with this selection bring us several steps closer to our goal, providing more visibility and traceability to our customers. Embracing this innovation and the efficiencies it brings, the supplier-customer experie...