TMX Group and PCF Capital Group today announced that TMX Group, through its wholly-owned subsidiary TSX Inc., has purchased a 50 per cent equity ownership position in Australian-based PCF MinesOnline.com Pty Ltd (MinesOnline).
MinesOnline provides an online global platform to connect buyers and sellers of mining and exploration assets and projects from around the world. Customers include mining companies, strategic investors, owners of mining assets and governments.
"We look forward to working closely with PCF Capital and MinesOnline. This relationship will work to enhance value to mining companies, particularly in the face of increasing globalization and strong growth within the mining sector," said Kevan Cowan, President, TSX Markets and Group Head of Equities.
This investment will bring together the diverse MinesOnline network of global mining companies and Toronto Stock Exchange and TSX Venture Exchanges' international network and issuer base.
Toronto Stock Exchange and TSX Venture Exchange are the world's leading mining exchanges with 1,531 mining and exploration companies that represent 55 per cent of the world's public mining companies. Issuers have access to broad capital pools on TSX and TSX Venture Exchange, where over 80 per cent of the total global mining finance transactions and 36 per cent of the total global value of mining financing have been completed in the past 10 years.
"Through this investment by TMX Group, MinesOnline now provides a global platform and conduit to major financial institutions and mining companies from two great mining capital markets, Australia and Canada," said Liam Twigger, Managing Director, PCF MinesOnline.