MineHub Technologies Inc. announce that global metals industry leaders China Minmetals, Zijin Mining and resources company BHP have concluded a two-step transaction on MineHub's blockchain-based platform. It is the first transaction of its kind in which: a copper concentrate shipment was purchased by China Minmetals from BHP, then on-sold to Zijin Mining for smelting, with both the purchase and the sale transactions completed on the same platform. This also marks the first transaction involving a smelter for their procurement MineHub's blockchain-based platform was used for a transaction between two Chinese companies, for a cargo originating from a global mining company The companies shared greenhouse gas emissions estimates and data, including estimates of the scope 1 and 2 GHG emissions associated with the production of the cargo, down the chain to the end buyer Zijin Mining The parties also used MineHub's assay exchange application in the transaction settlement.

As this unique innovation matures and the adoption of MineHub's platform continues to increase in the copper market, it has the potential to become the de facto standard for post trade settlements in the industry.