Eurasian Resources Group partners on responsible sourcing with World Economic Forum

Eurasian Resources Group (ERG) is one of seven mining and metals companies who have joined forces to accelerate the responsible sourcing of raw materials with the World Economic Forum (WEF) . Alongside with ERG, Antofagasta Minerals, Glencore, Klöckner & Co, Minsur SA, Tata Steel Limited and Anglo American/De Beers (Tracr) are founding members. 

The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, tracking and tracing of materials, reporting of carbon emissions and increasing efficiency.

Benedikt Sobotka, CEO of ERG, said: “This initiative responds to a cross-industry desire to collaborate around blockchain technology in efforts to enhance responsible sourcing. By working together, our goal is to develop solutions that can be adopted across the industry and value chain.

Read more in WEF’s press release here.