Made with by epiphanic
MineHub is solving key industry issues including major regulatory pressures, retreating financial liquidity and archaic, paper-based, non-standardised processes. The industry is currently using paper and couriers as the operating system, which desperately needs an upgrade.
MineHub is a technology company that is digitising the post-trade process in the metals and mining supply chain by deploying a blockchain layer to replace paper-based communications between all the parties involved in the physical commodity trades, including miners, traders, banks, assayers, agents, carriers, insurers etc.
MineHub is replacing email and courier (DHL/FedEx) with a common utility platform for the industry.
MineHub is already working with a strong set of clients and partners as well as being in late-stage discussions with BHP, Anglo, Rio, Vale, and other major miners, assayers and finance providers:
– ING Bank (largest commodities bank)
– Newmont Goldcorp (largest gold miner)
– Wheaton Precious Metals (largest silver streamer)
– Ocean Partners (major concentrates trader)
– Golden Ocean (major global bulk carrier)
– Capstone Mining (small miner)
– Kutcho Copper (small miner)
– IBM is our tech partner
– White & Case is our legal partner
Each type of client gets something different from it.
For Wheaton Precious Metals the ability to see production data and committed inventory (sales) coming out of the mine is crucial to early warning of non-performance of a mine which they’ve invested in. Through MineHub they can use this data to update their finanical projections in real time.
For a trader (e.g. Ocean) it’s about the exchange of documentation with the bank, speeding up the process and lowering risk of fraud.
Our market is global. Each client we bring in has a mini ecosystem of clients they work with. We encourage all new clients to invite a couple of new clients to test MineHub with. The network effects are fairly strong.