could cost it more than half a billion dollarsin September involving shipments of scrap metal that it uses to feed its copper smelters, with potential losses running into hundreds of millions of euros.
The company, whose primary market is Africa, said it has developed a secure and end-to-end solution, enabling users to track the journey of minerals and metals, starting from the mine through to possession, ensuring the user has full knowledge of where the materials originated. “People have now mastered how to talk about the problem without necessarily looking for a solution,” Clement Esene, Daniola chief operating officer told, pointing out the industry’s growing fear of poorly negotiated deals and outright fraud.
“We work with to show that they are verified and vetted, and confirm the ownership, connect asset owners with founders who can either collaborate in joint venture relationships or invest in those assets towards production and have those assets sold on our platform transparently.”