Rwanda begins world's first blockchain project to track tantalum
2018-10-18 15:35:03 [Print]
It is reported that Rwanda's mining board on Tuesday announced the world's first blockchain project to track tantalum from the pit-face to the refinery, which will reassure investors of its role as a conflict-free source of minerals.
The project is the work of Circulor, a British start-up specialized in blockchain, and miner-refiner Power Resources Group (PRG), which has mining and refining operations in Rwanda and Macedonia.
"Blockchain is one of the technologies that has demonstrated capabilities of providing a more efficient and effective way of delivering traceability for commodities," Francis Gatare, chief executive of Rwanda's Mines, Petroleum and Gas Board said, adding that it was vital for Rwanda to prove it was a conflict-free source of tantalum, used among other things in mobile phones, and other minerals.
The project is the work of Circulor, a British start-up specialized in blockchain, and miner-refiner Power Resources Group (PRG), which has mining and refining operations in Rwanda and Macedonia.
"Blockchain is one of the technologies that has demonstrated capabilities of providing a more efficient and effective way of delivering traceability for commodities," Francis Gatare, chief executive of Rwanda's Mines, Petroleum and Gas Board said, adding that it was vital for Rwanda to prove it was a conflict-free source of tantalum, used among other things in mobile phones, and other minerals.
Tantalum Conc. Ta2O5 30%min In warehouse Rotterdam
Unit:USD/lb Ta2O5
China tantalum oxide producers' inventory to production ratio statistics by province by month
Unit: %
