BlackEarth Minerals NL (ASX:BEM) has entered a strategic partnership with Circulor to measure and manage its supply chain visibility across the entire process of its Maniry Graphite Mine operations in Southern Madagascar.
The company’s work with Circulor is a world-first in establishing best practices in the setup, commissioning and operation of a graphite concentrate mine.
Circulor’s system will allow comprehensive data collection and ensure complete and thorough traceability.
Partnership benefits to BlackEarth.
The partnership is expected to assist in positioning BlackEarth as a global supplier of choice for graphite into the EV industry.
BlackEarth’s work with Circulor is another signal of the company’s commitment to ESG practices and complements recent work BlackEarth has undertaken.
Key activities.
BlackEarth Managing Director Tom Revy said: “We’re delighted to enter an agreement with Circulor and believe the systems we will establish with them will add enormous value to our business and practises.
“Whole of business traceability is an important part of our commitment to ESG principles and we believe the work we are about to commence with Circulor will set world standards in the establishment and all activity related to graphite mine operations.
“Our Partnership with Circulor will help us deliver on our commitment to not only supply chain transparency but also will demonstrate our complete commitment to world best practises in risk and environmental management.
“It is our intention to also actively monitor and manage our contribution towards achieving a low carbon operation.”
Circulor’s blockchain-based solution
Circulor, which provides Traceability-as-a-Service for the parts of the supply chain into which we have little visibility, has pioneered a technology platform using distributed ledger technology (blockchain) to create an immutable chain of custody record for materials or battery components.
The system provides materials with a unique digital identity and then tracks the flow of this material, even as it changes state through processing and manufacture.
Circulor’s solution enables companies to gain visibility into their supply chains and to demonstrate responsible sourcing, improve their ESG performance, reduce greenhouse gas emissions, and manage supply chain risks.
The company is also working with different supply chain participants involved in the European EV battery sector, to turn Europe into the leading space for green and fair mobility.
Goal of greater sustainability within reach
Circulor’s director for business development Yue Jin Tay said: "We are happy to work with BlackEarth Minerals to enable full visibility of their graphite supply chain and embedded Scope 1, 2, and 3 emissions.
“With BlackEarth Minerals joining our platform, Circulor’s network of battery raw material suppliers and customers gets stronger, bringing the whole industry’s goal of greater sustainability closer within reach."