]Under a strategy developed by consulting firm Responsible Trade LLC, which helps build responsible mineral supply chains, Woodcross Resources will integrate Minespider’s technology and track all tin shipments, from mined ore to refined tin exports, to meet the requirements of mining industry regulations and guidelines. , including OECD, ICGLR and RMI/RMAP as well as Ugandan law. Woodcross Resources expects to introduce traceability to its tin operations in the first quarter of 2024.
Woodcross Resources has fully commissioned Uganda’s first tin smelter and will legally source and process tin concentrate to produce LME Grade A refined tin. In line with the OECD Due Diligence Guidelines and the RMI Responsible Minerals Assurance Process (RMAP), Woodcross Resources will implement its own due diligence system using Minespider’s blockchain-based platform and digital product passport, as well as third-party verification.
Minespider enable Woodcross to collect and communicate critical supply chain data
Minespider will enable Woodcross Resources to collect and communicate critical supply chain data about its tin, such as: Pedigree data and due diligence risk assessments, while providing the flexibility to adapt to various regulatory requirements in a traceable, secure and immutable manner . The Minespider platform will be integrated into Woodcross Resources’ internal resource planning systems and provide transparency into Woodcross Resources’ mineral procurement activities to regulators, offtake partners and other relevant stakeholders.
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“We are delighted to revitalize Uganda’s tin industry and introduce a new refined tin supply hub to the global metals and mining markets. Our factory is capable of producing LME grade tin bars. This makes Woodcross Resources the only company that can legally source from Company exporting tin from Uganda. Our partnership with the Minespider team allows us to produce and export tin in a responsible and transparent manner.” – explains Omid Ameri, Managing Director of Woodcross Resources.
“Tin is considered a critical mineral for energy storage technology, solar cell production, electric vehicles and other applications. In order to mine and export tin, companies must comply with various regulations and guidelines, establish appropriate due diligence systems and comply with all these guidelines,
This can be challenging. Our blockchain technology and Digital Product Passport will help Woodcross Resources create a cost-effective, efficient, scalable and comprehensive due diligence system that enables the company to excel in its responsible sourcing efforts.” – Commented Nathan Williams, Founder and CEO of Minespider.
“Some organizations claim that existing regional upstream security mechanisms allow illicit materials to enter the supply chain. This puts the reputation and commercial viability of responsible actors in the supply chain, including miners, exporters and smelters, at risk.
Block Chain Technology creates a secure, timely and reliable chain of custody system that ensures the recording of due diligence data is verifiable and transparent, fully compliant with OECD, ICGLR, RMI/RMAP and Ugandan law.” – Mike Loch, CEO of Responsible Trade LLC pointed out.