MineHub Technologies has confirmed a three-year contract with Chile copper major Codelco to deploy the former’s Waybridge supply-chain software. MineHub didn’t attach a dollar value to the deal but said a week ago a “prominent global mining company” was paying it C$850,000 over the next year to “digitise its mining and supply chain operations”.
Codelco and MineHub said shortly after MineHub acquired Waybridge in March this year that it had selected the Waybridge platform after a request for proposal and piloting.
The state-controlled copper producer would use the secure digital platform to track contracts and shipping information, and “improve visibility into global copper flows”.
MineHub said the Waybridge deployment would also allow Codelco to “consolidate key supply chain data to ensure traceability, data analytics and comprehensive ESG reporting, including CO2 transportation calculations”.
“The MineHub and Codelco teams have already agreed on an implementation approach, as well as a comprehensive plan to onboard Codelco’s global customers onto the platform,” MineHub said.
The Toronto-listed microcap, which has seen its share price climb by 36% in the past month, has a current market value around C$30 million.
MineHub says it has more than 90 companies using its software-as-a-service (SaaS) digital platform, including manufacturers, miners, warehouse operators and shipping companies.