Minsur, the world’s second largest tin producer, and Minespider to expand collaboration

• The second-largest tin producer in the world is leading the way toward mineral traceability across all its operations
• Minespider and Minsur initiated their collaboration in 2018 and have continuously expanded to now cover 24,000 MT of tin per year

12 September, Lima, Peru/Berlin, Germany - Minsur, the second-largest tin producer in the world, and Minespider, a company offering blockchain traceability software for mineral supply chains, announced that they will expand their collaboration. Minsur will integrate blockchain traceability into all of its tin operations, making it one of the largest full-scale traceability projects in the world.

Minsur supplies more than 50 companies in different industries and geographies. The company owns the San Rafael mine in Peru which is the world’s largest underground mine and the richest in ore-grade tin. The mine produces approximately 6% of the world’s tin supply. In 2018, Minsur and Minespider were both part of a Consortium that ran a pilot project at this mine site with partners such as Google, Cisco, SGS, and Volkswagen. In 2023, Minespider and Minsur are expanding collaboration and implementing traceability for all tin operations. The company will track more than 29,000 TM of tin per year with Minespider blockchain traceability software, which includes production from Brazil.

“We developed sustainability principles for all of our operations based on our corporate purpose and values, strengthening our commitment to social and environmental responsibility. Our dedication to these principles not only ensures long-term success for our business and partners but also contributes to the well-being of society and the betterment of our world. Traceability through blockchain technology makes this commitment tangible, sincere and transparent, as well as strengthening our SusTINable brand.” - Gonzalo Quijandria, Director of Corporate Affairs and Sustainability, Minsur.

"Though countless companies talk about sustainability, only a few mineral firms truly embrace traceability in their operations and surpass the demands of regulations like the Conflict Minerals regulation. Among the major tin producers, Minsur stands out for its commitment to extensive sustainability projects and the integration of blockchain traceability across all aspects of its operations. This example will be followed by other industry players to take tangible strides towards sustainability.” - Nathan Williams, Founder & CEO, Minespider.

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Minsur is a mining company from Peru that produces tin, gold, niobium, and tantalum. Minsur is one of the global leaders in tin production with over 46 years of experience and consumers in Latin America and across the world. The company extracts tin from the San Rafael mine, the third-largest tin mine in the world. Minsur tin stands out in a market that demands metals of the highest purity and exceeds the international standards BS EN 610:1996 and ASTM- B339-1995, with a grade "A". In the last few years the company launched the SusTINable project to showcase and promote sustainable mining practices.

Minespider is a technology company offering a blockchain-based platform for tracking mineral supply chain data and creating more sustainable and transparent mineral supply chains. Minespider developed digital Product Passports, which are digital IDs of material that easily communicate key data across the supply chain. Companies such as Google, Cisco, Ford Otosan, Soft Metais, Fenix DVTM Renault, LuNa Smelter, and Rayrock use Minespider's technology to drive the shift towards a sustainable future.