Benefits

Benefits

Eliminate the middleman and boost your profit by connecting with multiple counterparts to select the best terms globally anytime, anywhere

INCREASE REVENUES

  • 7%-40% greater revenue by eliminating intermediaries.
  • Find counterparts globally who will also benefit from the unique elements in your concentrate to increase the revenue for both parties.

REDUCE COSTS

  • 10%-20% lower cost of concentrates for smelters by excluding intermediaries and buying directly from producers
  • Cost savings through streamlined logistics and reporting.

MANAGE REPORTING

  • Improvements in execution accuracy.
  • Effective internal monitoring through KYC tools in order to meet regulatory obligations, manage reputational risk, and mitigate possible fraud

CONTROL TRADE EXECUTION

  • Full control at every step of the trade execution life cycle.
  • Electronic document tracking and exchange.
  • Real-time communication with counterparties.
Benefits for
MINES
  • Do not leave your profit to intermediaries. With Open Mineral, you could tender your concentrates to smelters directly, without a middleman.
  • Manage your tender efficiently, negotiate the best commercial terms, increase transparency and have full control of every step of the trade.
  • Track your metal concentrate contract executions right on the platform.
SMELTERS
  • Global direct tenders eliminate unnecessary middlemen expenses and retain the extra profit for both concentrate producers and smelters.  
  • Efficiency and ease of your concentrate purchase and execution management to receive the concentrate in a timely manner. 
  • You are in full control. You track the entire process real-time on the Open Mineral platform.
OPERATION TEAMS
  • Services for the trade execution such as Shipping, Insurance, Financing, Surveying and Assaying could be tendered and selected right on the platform, reducing time.
  • As a result, the concentrate trade operation team has more time for non-standard situations as well as commercial and logistical planning.
SERVICE AND FINANCING PROVIDERS
  • Open Mineral Contract Execution Module sends the tender execution details and requests for quotations to the selected service companies. As a service provider, you can submit your quotation with just a few clicks.
  • Open Mineral cloud-based solution allows you to upload the data directly onto the platform so both sides could access it immediately, making information available where it is needed.
Management
  • Increase your profit by accessing significantly larger universe of mines and smelters than possible with individual contacts.
  • Improve your concentrate trading, operational transparency, and data management. 
  • Decrease the cost by streamlining logistics. Open Mineral provides seamless and efficient solutions to utilize your limited resources more efficiently.