MineHub is convinced that having Kimura Capital LLP as one of its participants in their consortium is strategic as they are leaders in the finance industry, an industry MineHub believe is key to their growth and that of its stakeholders.
The company recently announced this development through a press statement sent to this publication.
MineHub is an innovative technology platform that digitalises the mining and metals supply chains, while Kimura is a London based asset Management Company that specialises in commodity trade finance with expertise in financing complex logistical operations.
CEO of MineHub, Arnoud Star Busmann said having Kimura as industry participants in the consortium brings onboard commercial banks and other financial institutions to improve working capital options and costs for miners.
“Having Kimura on board as a consortium member is very strategic for MineHub. Offering optionality in financing sources is core to our strategy and Kimura is a clear leader in this sector, both in size and diversity, as well as their commitment to innovation, technology and sustainability. Working with Kimura and their peers, in conjunction with commercial banks and other financial institutions, MineHub will improve the working capital options and costs for miners, traders and other users. Our solutions will serve both large corporates and SMEs within the market, whilst contributing to responsible supply chains by linking risk pricing to ESG profiles of minerals.”
MineHub said as a member of the Alternative Investment Management Association, Kimura’s experience in finance will provide another important source of financial liquidity within the mining and metals ecosystem.
They believe the partnership with Kimura will be instrumental in driving the innovation within the industry.
With financial institutions adapting to a changing regulatory environment, the provision of alternative finance plays an increasingly important role in facilitating the availability of credit, not just for trade finance, but also project and institutional finance.
Improving access to capital, according to MineHub, is, therefore, a core part of the company’s value proposition with the key area of focus being an enabling and integrated mix of institutional and alternative finance actors to provide new financing structures.
“There is no doubt whatsoever that digitisation is the future for the market. Kimura has developed its business by selecting best in class partners to strengthen its overall offering. We are delighted to begin a partnership with MineHub who have outstanding potential and represent Kimura’s first cooperation in the digitisation of commodity trade flows. MineHub’s value set and ambitions run very closely to Kimura’s, making the future of our strategic partnership, along with the other strong companies involved, one of great success,” said Kristofer Tremaine, CEO and Founder of Kimura Capital
Tremaine also said digitalisation, transparency and automation will help reduce operational and fraud risks, thereby lowering the barriers to entry for alternative financing sources.
He said increased operational efficiencies and automation of ESG compliance will enable alternative financing houses to serve more clients without increasing operations and overheads.