Published: November 15, 2023 |

[Click image to enlarge]

Anglo American has launched Valutrax™, a proprietary digital traceability solution designed to provide customers with greater assurance about the provenance of the products they purchase.

Valutrax™ offers a single point of access to core information about such products, helping to trace metals and minerals from source to customer through a tailored selection of key provenance and sustainability indicators.

“The metals and minerals we provide are essential to the global energy transition and improving living standards for a growing and urbanising population — these are future-enabling products. We know that in their purchasing decisions, our customers value Anglo American’s longstanding reputation as a leader in sustainable mining, led by our commitment to responsible business practices,” said Paul Ward, executive head of Base Metals Marketing for Anglo American.

“Valutrax™ has been designed as a platform to drive greater transparency across our entire production and logistics chain. It aims to give our customers direct access to indicators that can help determine compliance with requirements in their specific industries or jurisdictions and to then make appropriate decisions to support their sustainability strategies and other value drivers,” added Ward.

Valutrax™ is built on blockchain technology, a distributed database that allows for information to be securely stored in a digital format, and gives participating customers access to a comprehensive, immutable view of a product’s core information via a user-friendly portal.

A digital label can be downloaded for each delivery, offering an at-a-glance view of key data — from provenance and carbon emissions intensity to safety and the social impact of our operations, along with an overview of the policies that underpin Anglo American’s approach to driving safe and sustainable operations.

Anglo American’s digital traceability journey began in 2018, with De Beers’ investment in Tracr™, the world’s first fully distributed diamond traceability platform with the ability to explore the provenance and authenticity of a diamond.

A pilot version of Valutrax™ was rolled out to a selection of Anglo American’s customers in late 2022. The feedback and input gathered during this phase has informed ongoing development. Valutrax™ is currently available to customers purchasing ferronickel, copper concentrates, and iron ore mined products, with plans under way to integrate other products in the future.

Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. Their portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With people at the heart of their business, they use innovative practices and the latest technologies to discover new resources and to mine, process, move, and market products to their customers — safely and sustainably. As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel — with crop nutrients in development — they are committed to being carbon neutral across our operations by 2040. More broadly, their Sustainable Mining Plan commits them to a series of stretching goals to ensure they work towards a healthy environment, creating thriving communities, and building trust as a corporate leader. They work together with business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which they operate.

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2023 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)