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BHP, China Minmetals use MineHub’s blockchain platform for copper concentrate transaction

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Trading copper concentrate using MineHub’s blockchain provides safe, efficient, real-time data sharing. Credit: MineHub MineHub Technologies says that the MineHub platform has been used by two of the largest companies in the mining and metals industry, BHP and China Minmetals, in the first cross-border copper concentrate trial shipment processed on blockchain technology. In 2020, BHP completed the first iron ore blockchain transaction, but this was the first transaction of its kind for copper concentrates. Sign Up for the Suppliers Digest At present, the settlement process of copper concentrates is lengthy and complex, suffers from high processing costs, complex pricing mechanisms…

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