Anglo American has launched a digital traceability solution designed to track metals and minerals from the mine to the customer.
At a time when sustainability and value chain transparency are motivating forces in the industry, the system, called ‘Valutrax’, aims to provide customers with greater assurance about the provenance of the products they purchase.
“Valutrax has been designed as a platform to drive greater transparency across our entire production and logistics chain,” Anglo American executive head of base metals marketing Paul Ward said.
“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.”
The solution is currently available to customers purchasing ferronickel, copper concentrates, and iron ore mined products, with plans to integrate other products in the future.
Built on blockchain technology, Valutrax is a distributed database that stores information in a digital format and gives participating customers access to a comprehensive view of a product’s core information through a 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 Anglo American operations.
“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,” Ward said.
“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.”
Anglo American’s digital traceability journey began in 2018, with De Beers’ investment in Tracr, the world’s first fully distributed diamond traceability platform.
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