Tuesday, 02 January 2024 12:17 GMT

Minehub To Develop Integrated Digital Solution For Iron Ore Market


(MENAFN- Newsfile Corp)
  • MineHub partners with a Singapore-based company to develop an innovative digital solution for iron ore, unlocking operational efficiencies, risk mitigation, and financing opportunities through integrated trade data.

  • Expansion into iron ore establishes MineHub as the data hub for critical commodities, aggregating and harmonizing information across trade execution, logistics, and finance.

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (" MineHub " or the " Company "), a leading provider of digital supply chain solutions for the commodity markets, has signed a Memorandum of Understanding with a Singapore-based company operating a digital matching platform that provides an end-to-end solution for physical iron ore trading, from execution through to Letter of Credit settlement.

By eliminating manual documentation bottlenecks, the integrated solution will enhance operational efficiency and unlock greater liquidity and transparency. This collaboration underscores MineHub's strategic expansion into new commodity verticals and reinforces its role as a central hub for digitizing trade execution. MineHub's purpose-built platform for the mining and metals supply chain is becoming the trusted system of record for global commodity trade execution. This expansion into iron ore marks a significant step in the company's mission to digitize and connect the entire mining and metals ecosystem.

Andrea Aranguren, CEO of MineHub, commented: "Iron ore is a critical global commodity, yet its supply chains remain largely manual. This partnership accelerates MineHub's expansion into this market, leveraging our proven platform to digitize workflows end-to-end. By serving as the central hub integrating trade execution, logistics, and financing, we are delivering the infrastructure needed to modernize this sector-just as we've done for copper and aluminum."

Iron Ore Market

As the primary raw material for nearly all steel production globally, iron ore is a raw material essential for construction, automative, and infrastructure development. The iron ore market is expected to grow from $275 billion in 2024 to $313 billion by 2030 with a CAGR of 4%.1 Entry into the iron ore represents a significant new frontier for MineHub. 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.

Unlocking Value in Iron Ore Supply Chains

The solution will integrate MineHub's platform with a trade execution platform, trade finance tools, and digital bill of lading providers. As the central portal for data integration, MineHub's Platform will enable:

  • Operational efficiencies through real-time data-sharing and automation of contract enforcement.

  • Enhanced risk management via real-time visibility into trade execution and shipment tracking. Multi-party validation for data and automated data capture will also minimize risk for all stakeholders.

  • More efficient financing by digitally connecting transactional data directly to financiers sooner than is possible during traditional financing processes and by streamlining Letter of Credit management.

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.

Strategic Expansion and Next Steps

The collaboration aligns with MineHub's focus on broadening its commodity reach and digitizing high-value commodity markets. Iron ore's inclusion on the platform enables MineHub to:

  • Broaden Market Reach: Serve producers, traders, and buyers adopting digital tools for efficiency and transparency.

  • Strengthen MineHub's Ecosystem: Position the platform for end-to-end trade execution across diverse commodities.

  • Create New Revenue Streams: Drive growth through subscriptions and transaction-based models.

The parties are working to finalize a commercial agreement to operationalize the solution.

About MineHub

MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories 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.

MENAFN17092025004218003983ID1110073912

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search