Every year, Mining Magazine celebrates excellence in the mining industry by inviting their readers to nominate people, companies, projects and technologies that they feel have demonstrated outstanding commitment to advancing the state of play in mining over the past 12 months. The shortlisted candidates are then put to the vote.

MineHub is pleased to announce that it has won the “Technology” category at the 2019 Mining Magazine awards. MineHub was nominated for their award amongst other technology businesses that specialise in automation, artificial intelligence, machine learning, digitalisation and blockchain.

Arnoud Star Busmann, CEO at MineHub said, “There is a great deal of innovation within the broader commodities space that is helping the sector address the environmental, compliance and cost challenges of the 21st Century. With our platform now live and a growing ecosystem that comprises top-tier global companies that have deep industry knowledge and are committed to drive technological innovation, we expect more mining, metals and financial businesses, both large and small, to join MineHub in 2020.”

Actively collaborating with IBM as their technology partner, the MineHub platform went live with a beta-release in October 2019 together with industry partners including Wheaton Precious Metals, Ocean Partners, Capstone Mining, Kutcho Copper, White and Case LLP, ING Bank and Kimura Capital.

Manish Chawla, Global Managing Director, Chemicals, Petroleum & Industrial Products, at IBM said, “MineHub is a leader in the digitalization of the mining and metals supply chain having built a solution that is designed to drive efficiency and transparency within the industry. Many congratulations to the team at MineHub, and at IBM for being recognized at the Mining Magazine Awards. We look forward to continuing our ground-breaking work with the team at MineHub.”

MineHub’s platform digitalises the supply chain by allowing miners to capture mineral digital contracts with buyers and streamline post-trade operations, including document flow, financing and logistics. In addition, MineHub provides project-financiers like royalty-holders and streamers with real-time visibility mine-production, sales and receivables. It provides one platform, connecting all the key parties involved in buying, selling, and moving minerals from mine to market, leading to improved efficiency in trading operations and environmental and social governance (ESG) compliance.

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

Benefits

  • 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.