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Latin America’ s mining sector has been encouraged to step up its presence on the A$2 trillion Australian Securities Exchange (ASX) as the ASX continues to underpin substantial capital raising and equity market listings for exploration and mining plays.

Addressing the second day of the two-day Paydirt 2019 Latin America Downunder mining conference in Perth, the ASX Business Development Manager, Listings Josh Collard, said the platform was one of the most active in the world and is well understood among Australia’s and Latin America’s mining fraternity.

There is opportunity however to deepen that relationship.

Nearly 50 mining explorers and producers operating in Latin America are listed on the ASX.

“The ASX has been home to total capital raisings for the resources sector of more than $100 billion over the past ten years, has a sensible risk appetite, manages around 125 IPOs a year and is recognised as a global mining hub,” Mr Collard said.

“It positions the ASX as a seasoned forum for new resources initiatives in Latin America.”

The ASX push comes as industry commentators point to an easing of the Toronto Exchange as the historic platform for Latin America mining investment as that bourse embraces more alternative equities such as pharmaceuticals.

“Key to our appeal is a long history of successful listings and funding of early stage growth companies,” Mr Collard said.

“Our investable funds are expected to grow to more than A$9.5 trillion by 2035 and within a well regulated environment.

“We have a proven track record across all industry sectors but 43 per cent of our membership are mining and exploration companies.

“That equates to 27 per cent of the total two trillion market cap of all our listed entities. So we understand mining, we understand the Latin American mining story and we understand the opportunity for the two to grow even closer together.”

Peru (5), Chile (14), Argentina (9) and Brazil (7) dominant the listed Latin American plays who call the ASX home.

 

Image: ASX board in Central Park, The West Australian. 



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