MineHub Technologies CEO Andrea Aranguren says a new partnership with a Singapore-based firm is aimed at combining its digital trade-execution platform with MineHub’s main data portal to produce an automated digital trading channel for the major steel-making commodity sector.
Canadian-listed MineHub, which has a current market value of about US$50 million, has signed a memorandum of understanding with the unnamed Singapore company. The parties are said to be working to finalise a commercial agreement to “operationalise the solution”.
“Iron ore is a critical global commodity yet its supply chains remain largely manual,” Aranguren said.
“This partnership accelerates MineHub’s expansion into this market, leveraging our proven platform to digitise workflows end-to-end. By serving as the central hub integrating trade execution, logistics and financing, we are delivering the infrastructure needed to modernise this sector—just as we’ve done for copper and aluminium.”
MineHub says its current platform will enable real-time data-sharing, automation of contract enforcement and “enhanced risk management via real-time visibility into trade execution and shipment tracking”.
“The addition of this commodity to the platform complements existing activity in base metals and concentrates and enables broader participation from producers, traders and buyers seeking a modern digital infrastructure,” it says.
“MineHub’s Singapore-based partner brings connectivity to major iron ore producers, traders and steel mills actively seeking modern digital infrastructure to streamline their operations.”
