FUTURE OF MINING

Trafigura and Circulor to use blockchain to track CO2

Parties to use smart technology to track commodities across supply chain

 Blockchain to be deployed to track carbon

Blockchain to be deployed to track carbon

Trafigura, a commodity trading company, and Circulor, a supply chain emissions tracking service, have signed a Master Services Agreement to provide blockchain-based traceability and CO2 tracking for Trafigura's nickel and cobalt trading division.

The parties will develop an innovative programme to dynamically track and attribute CO2 emissions throughout Trafigura's nickel and cobalt supply chain customers, particularly electric vehicle manufacturers.

Additionally, they will work with a range of upstream producers and downstream receivers to integrate and communicate responsible sourcing due diligence and CO2 tracking data into the respective value chains.

Jeremy Weir, executive chairman and chief executive officer, said the company had invested significantly in developing tools to identify and mitigate social and human rights risks and environmental impacts in commodity supply chains.

Weir described the agreement as "an important step in improving transparency" in commodity markets and cutting carbon emissions.

Douglas Johnson-Poensgen, founder and chief executive officer, said the deal would help it establish a new benchmark for responsible and sustainably sourced battery materials.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production