29 June 2020, London, UK and Vancouver, Canada. MineHub Technologies Inc is pleased to announce that BHP Group and China Baowu have completed their first iron ore trade on MineHub’s blockchain-based platform.

This is the first of a series of transactions with various industry partners, guiding the next evolution of functionality on the MineHub Platform that will ultimately provide commodity supply chains with a fully digital end-to-end fulfilment process. It also reflects MineHub’s development approach – hands-on collaboration and continuous validation with industry – to ensure that the platform delivers on the value and user experience expectations.

Arnoud Star Busmann, CEO of MineHub said, “Working with the world’s largest mining company and the world’s largest steel producer on designing the digital future of critical supply chains like iron ore is incredibly exciting. This series of transactions, each focusing on different aspects of the post-trade process, will allow MineHub to incrementally expand the platform’s functionality and scalability into the iron ore and other mineral commodity markets, incorporating real-life user experience.”

MineHub is also developing and validating digital solutions in complementary settings and in collaboration with other industry partners.  Innovative work is underway for instance in base metals concentrates, structured finance and emissions tracking to further prove the value that can be created through digitalisation.

Arnoud Star Busmann continued: “We will incorporate all these learnings into the next MineHub release, planned for Q4 2020, and which will start to provide a solution to the increasingly urgent need for industry-wide digitalisation, by boosting both safety, transparency and resilience of critical supply chains. Especially as current pandemic events and fraud cases in the commodity trading industry are causing a step-change in the adoption of digital solutions”.

MineHub connects buyers, sellers and service providers in mining & metals supply chains through shared information, on a common but decentralized digital platform. The technology helps the parties in a mineral transaction to virtually integrate their trade operations processes like contracting, logistics, specifications and financing services. This streamlines communication channels and also provides the transaction participants with security and certainty via a reliable, real-time single source of truth. The underlying blockchain technology ensures that each party can control the privacy, integrity and geographical residence of their data, whilst allowing trading and financing partners to use or verify the integrity of shared information.


About MineHub Technologies

MineHub Technologies is an innovative technology company focused on improving efficiency in mining and metals supply chains and bringing trust to the management and trading of natural resources. MineHub is a foundational, open platform to power digital supply chain transformation at an industrial scale. By enabling the digitalisation of key interactions between trading partners, service providers and the wider ecosystem, MineHub will bring automation, visibility, security, as well as ESG and regulatory compliance and a superior customer experience to a large set of stakeholders.


Media Contact

Angus Campbell
Nominis Advisory

Inventory management
  • Integrated with trade management enables with automated updates of inventory with stock inflows and outflows
  • Forecast inventory levels to avoid stockouts
  • Optimize working capital through minimizing excess stock levels
  • Remove spreadsheets, reconciliation communications and operational risk of manual updates

Trade Management

Buyers and sellers of commodities collaborate on all aspects of their term contracts and transaction in one place, enabling all parties involved in a transaction to always be on the same page, in real-time


  • Real-time visibility of all shipments across oceans and land – location and ETA
  • Secure exchange of key documents
  • Keep all communications related to the transaction with the transaction data set
  • Notifications of key events
  • One version of the truth – no need to reconcile and check
Arnoud Star Busmann is one of the pioneers in the intersection of commodities, finance and blockchain technology. Prior to joining Minehub, he was the Innovation lead for Commodities at ING Bank where he led the cross-industry initiative ‘Easy Trading Connect” that spawned projects like VAKT and komgo. Arnoud is an all-round executive with tech DNA, and has over 20 years experience in strategy execution, enterprise transformation and “blue chip” startups. After obtaining a master’s degree in Computer Science from the Netherlands, he lived and worked across Europe, Asia and Oceania.