Toronto-listed MineHub Technologies has heralded copper major Codelco’s “go-live” on its commodity trading SaaS-based platform, with CEO Andrea Aranguren saying the formal launch of their collaboration ushered in a “new era of efficiency and transparency in the mining industry”.
MineHub said in August this year it had won a three-year contract with Corporacion Nacional del Cobre de Chile (Codelco), the world’s largest copper producer, to digitise global refined copper transactions and related activity worth more than US$3.5 billion, via the MineHub platform.
“This implementation represents a significant leap forward for the mining industry, empowering stakeholders with powerful tools to optimise their operations and enhance their overall experience,” said Aranguren.
She said Codelco’s initial group of customers, including its “largest and most critical stakeholders”, had been onboarded onto MineHub. The platform provided seamless order processing, real-time shipment tracking, inventory management and reporting.
MineHub’s share price has dipped more than 20% in the past month, capitalising the company at about C$22 million.