Vancouver, B.C., April 27, 2023. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to have hosted a panel discussion during the World Copper Conference and CESCO Week in Santiago, Chile. The video is provided courtesy of CRU World copper conference and is available at (www.minehub.com/cru-panel/) and at CRU World Copper Conference website (events.crugroup.com/copper/home).
In this recorded panel discussion, senior executives from market leaders Codelco, Southwire and Sumitomo Corporation, who are current customers of MineHub, engaged in a conversation to share the drivers behind their digitization efforts and benefits they see utilizing MineHub’s solutions, including:
Carlos Alvarado, Chief Commercial Officer for Codelco, the largest copper producer in the world
Charlie Murrah, Executive Vice President & Chief Supply Chain Officer, Southwire, one of the largest copper buyers in the world
Hoshi Lu, General Manager & Head of Raw Materials Trading, Americas, Sumitomo Corporation, one of the largest copper movers in the world
Arnoud Star Busmann, CEO at MineHub Technologies said: “In a packed venue during the main copper industry event of the year, we had the privilege of hosting and engaging with three true industry leaders, each of whom represent companies that define the copper industry and are key partners for MineHub. Global industry participants are looking for digital solutions more aggressively and quickly than we have seen before, and MineHub is a recognized innovator and the leader in digitizing the mining & metals supply chain.”
The panelists debated several topics, including:
Main drivers for adoption of new digital tools
Impact of increased pressure to provide traceability and enhanced transparency
Impact of the COVID pandemic on digitalisation
Competitive advantage or risks in being early movers in digitalisation
Main obstacles in adoption of new digital tools.
CESCO Week and the World Copper Conference provide some of the most important commercial and networking opportunities in the mining industry, attracting in excess of 2000 delegates. Both events are renowned for the calibre of delegates and attract CEO participants from the world’s most important miners and smelters.
MineHub provides enterprise-grade digital solutions that connect buyers, sellers and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.
Arnoud Star Busmann CEO, MineHub Technologies Inc.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that are considered “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”) with respect to MineHub including, but not limited to, statements with respect to MineHub’s future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identiﬁed by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise suﬃcient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or ﬁnancial markets, changes in laws or regulations that could have an impact on the Company’s operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company’s management discussion and analysis, available on the Company’s SEDAR profile at www.sedar.com. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub’s management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change.
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
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.