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Zijin Mining, China Minmetals and BHP Complete Copper Concentrate Trade on the MineHub Platform
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - MineHub Technologies Inc. (T...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"Zijin Mining, China Minmetals and BHP Complete Copper Concentrate Trade on the MineHub PlatformVancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") is pleased to announce that global metals industry leaders China Minmetals, Zijin Mining and resources company BHP have concluded a two-step transaction on MineHub's blockchain-based platform.It is the first transaction of its kind in which:a copper concentrate shipment was purchased by China Minmetals from BHP, then on-sold to Zijin Mining for smelting, with both the purchase and the sale transactions completed on the same platform. This also marks the first transaction involving a smelter for their procurement MineHub's blockchain-based platform was used for a transaction between two Chinese companies, for a cargo originating from a global mining companythe companies shared greenhouse gas (GHG) emissions estimates and data, including estimates of the scope 1 and 2 GHG emissions associated with the production of the cargo, down the chain to the end buyer Zijin MiningThe parties also used MineHub's assay exchange application in the transaction settlement. As this unique innovation matures and the adoption of MineHub's platform continues to increase in the copper market, it has the potential to become the de facto standard for post trade settlements in the industry. Arnoud Star Busmann, CEO at MineHub Technologies, said, \"We feel a real momentum building up in the copper market around our platform and the assay exchange and ESG applications. Working with the teams at Zijin Mining, China Minmetals and BHP is another high-profile opportunity accelerating the innovation, development, and adoption of our solutions and therefore the value of the MineHub platform for the global concentrates market.\"About Zijin MiningFormed in 1993 and based in Fujian, China, Zijin Ming is one of the largest mining companies in China as well as a leading global gold and copper producer. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals through investments in China and thirteen overseas countries across Europe, Central Asia, Africa, Oceania and South America. Listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, Zijin Mining has a market capitaliza...