BETTING ON BLOCKCHAIN: Nornickel to join responsible sourcing blockchain network

Russian mining company Nornickel is to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration across the minerals supply chain that uses blockchain to support responsible sourcing and production practises from mine to market.

The move will see Nornickel’s supply chains - including each stage of the company’s vertically-integrated operations, from Russian mines to refineries in Finland and Russia - audited annually against responsible sourcing requirements.
Once audited, each supply chain will be brought on to the RSBN and an audit data trail will be captured on the platform, proving responsible nickel and cobalt production, its maintenance and its ethical provenance, Norilsk said.

Nornickel is the world’s largest producer of palladium and high-grade nickel, and is a major producer of platinum and copper. It...

Published

Andrea Hotter

January 14, 2021

15:50 GMT

New York