PROJECT UPDATE
EGYPT
A logistics hub is to be constructed in East Port Said,
Egypt, to enhance the importing and warehousing of
raw materials, as well as the export and distribution of
intermediate and final goods through the Suez Canal Ports.
The first phase entails the feasibility studies to develop the
logistics centre and the provision of customs technology
services for eight month, while the second phase entails the
preparation of the detailed master plan for the logistics
centre and technical and financial studies to provide
technology services for a period of six months. The
third phase will include the establishment of the
joint company in six months.
DEMOCRATIC REPUBLIC
OF CONGO
Eurasian Resources Group will be piloting a Blockchain-
based solution that will initially be applied at its Metalkol
RTR operation in the Democratic Republic of the Congo (DRC)
to help enhance the provenance and traceability of cobalt in
the metal’s supply chain. At full capacity, the facility will supply
24,000 t/y of cobalt to the global market, volumes sufficient
to power more than three million electric vehicles per year.
Leveraging IBM’s Blockchain platform and expertise, the
platform will aim to determine the provenance of cobalt
throughout the supply chain, from extraction to
production, a process that is currently complex
and costly.
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