Glencore to join RSBN

(Posted on 16/12/19)

Glencore PLC, one of the world’s largest industrial cobalt producers, has announced that it is to join the Responsible Sourcing Blockchain Network (RSBN). RSBN is an industry collaboration utilising blockchain technology to support responsible sourcing and production practices from mine to market. With members spanning downstream auto brands, refiners and miners, the network’s blockchain has moved beyond proof of concept and is on track to become commercially operational by spring 2020.

Demonstrating its commitment to good practice, membership of RSBN will enable Glencore to deliver improved supply chain traceability and transparency and integrate good practice with its supply chain partners.

Glencore has begun the onboarding process to obtain full RSBN membership by the end of February 2020.The initial focus of Glencore’s participation will be on cobalt. Glencore’s diversified mining, processing and trading operations across the world will support the network’s expansion to cover other battery metals as well as metals including tin, tantalum, tungsten and gold (known as 3TG) in 2020.

Nico Paraskevas, Glencore Head of Marketing for Copper and Cobalt commented: “RSBN plays a key role in advancing the sustainable partnership between the producers of commodities that will enable the transition to a low-carbon economy and key consumers around the world. We look forward to working with the network to further embed responsible sourcing good practice across the mineral supply chain.”

Built on the IBM Blockchain Platform and powered by the Linux Foundation’s Hyperledger Fabric, blockchain technology helps improve transparency by providing a highly secure and immutable record that can be shared with members of the network based on permission. Additionally, RCS Global Group assesses each participating entity both initially and annually against responsible sourcing requirements set by the Organization for Economic Cooperation and Development (OECD) and those enshrined by key industry bodies, including the Responsible Minerals Initiative (RMI).

RSBN is designed to be adopted across industries by original equipment manufacturers (OEMs) in automotive, electronics, aerospace and defense as well as their supply chain partners such as mining companies and battery manufacturers.

Latest News

NGFA applauds reintroduction of HAULS Act

The National Grain and Feed Association (NGFA) has applauded Senator Deb. Fischer’s (R-Neb.) reintroduction... Read more

Anglo American and Teck receive approval for merger of equals

Anglo American plc and Teck Resources Limited have received regulatory approval from the Government... Read more

Rhodes Ridge $191m feasibility study on Pilbara iron ore mine

The Rhodes Ridge Joint Venture has approved a $191 million (A$294 million) (Rio Tinto share $96 million... Read more

Strong metals trading as Trafigura publishes annual results

Trafigura Group Pte Ltd, a global leader in the commodities industry, has announced its financial results... Read more

Rio Tinto’s Nuton technology produces first copper

Rio Tinto has successfully produced the first copper from the Johnson Camp mine in Arizona using its... Read more

US soy and Uzbekistan sign MoU to expand trade

The American Soybean Association’s World Initiative for Soy in Human Health programme and the... Read more

KNAC and Rio Tinto sign updated agreement

Karlka Nyiyaparli Aboriginal Corporation (KNAC) Registered Native Title Body Corporate and Rio Tinto... Read more

OCI Global announces sale of OCI Ammonia Holding to AGROFERT

OCI Global, a leading global producer and distributor of nitrogen products has announced that it has... Read more

Court of Appeal confirms permit for new steel plant in Luleå

In December 2024, SSAB was granted a permit by the Land and Environment Court at Umeå District... Read more

Simandou partners celebrate start of operations

The President of the Republic of Guinea has joined project partners WCS1, Baowu, Chinalco and Rio Tinto... Read more