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Minsur and Minespider expand collaboration

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Global Mining Review,

Minsur, the second-largest tin producer in the world, and Minespider, a company offering blockchain traceability software for mineral supply chains, have announced that they will expand their collaboration. Minsur will integrate blockchain traceability into all of its tin operations, making it one of the largest full-scale traceability projects in the world.

Minsur and Minespider expand collaboration

Minsur supplies more than 50 companies in different industries and geographies. The company owns the San Rafael mine in Peru, which is the world’s largest underground mine and the richest in ore-grade tin. The mine produces approximately 6% of the world’s tin supply. In 2018, Minsur and Minespider were both part of a Consortium that ran a pilot project at this mine site with partners such as Google, Cisco, SGS, and Volkswagen. In 2023, Minespider and Minsur are expanding collaboration and implementing traceability for all tin operations. The company will track more than 29 000 tpy of tin with Minespider blockchain traceability software, which includes production from Brazil.

Gonzalo Quijandria, Director of Corporate Affairs and Sustainability, Minsur, comments:

“We developed sustainability principles for all of our operations based on our corporate purpose and values, strengthening our commitment to social and environmental responsibility. Our dedication to these principles not only ensures long-term success for our business and partners, but also contributes to the well-being of society and the betterment of our world. Traceability through blockchain technology makes this commitment tangible, sincere and transparent, as well as strengthening our SusTINable brand.”

Nathan Williams, Founder & CEO, Minespider, said:

“Though countless companies talk about sustainability, only a few mineral firms truly embrace traceability in their operations and surpass the demands of regulations like the Conflict Minerals regulation. Among the major tin producers, Minsur stands out for its commitment to extensive sustainability projects and the integration of blockchain traceability across all aspects of its operations. This example will be followed by other industry players to take tangible strides towards sustainability.”

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