MineHub, the innovative blockchain technology that is digitalising the mining and metals supply chain, has announced a partnership with trading, risk management and CTRM provider Amphora, where they will work together in order to assist their customers in streamlining trading operations and risk management. The partnership will see MineHub’s platform act as a connectivity layer between Amphora’s existing clients.
Arnoud Star Busmann, CEO of MineHub said: “We are very excited to be working with an industry leading CTRM provider such as Amphora as we move to enlarge our client portfolio and ecosystem. This partnership will be an important milestone for us as it demonstrates how open the MineHub platform is, allowing us to integrate seamlessly with both technology partners and clients.”
Chris Mudry, CEO Amphora, adds: “Amphora already serves some significant players in metals and mining. Consensus tells that there are significant opportunities for improvement in the value chain. We believe that Minehub have the right backing to create a digitised supply chain and effect long overdue change.”
By bringing both products together, MineHub and Amphora believe they will further assist in the streamlining and digitalisation of the post trade settlement process within the mining and metals industry. The MineHub platform, which digitalises the product sales administration, assay and trade finance elements of the metals and mining supply chain and already includes partners such as Goldcorp, Kutcho Copper, Capstone, ING Bank, Ocean Partners and Wheaton Precious Metals, is due to go live at the end of September.