TMX makes Australian investment

In the same week that the TMX Group announced plans to merge with LSE Group, the Canadian exchange operator announced the acquisition of an Australian service that connects buyers and sellers of mining and exploration assets and projects from around the world.

Through its wholly owned subsidiary TSX Inc., TMX Group has bought a 50% equity stake in PCF MinesOnline.com.

“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.

“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.

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