MineHub Technologies has signed a memorandum of understanding with an unnamed 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.
“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,” said Andrea Aranguren, CEO of MineHub.
“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.”
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 said its 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.
The parties are currently working to finalize a commercial agreement to operationalize the solution.