Brazilian Mining Association Signs Memorandum of Understanding With Toronto Stock Exchange And TSX Venture Exchange To Boost Canadian Investment In The Brazilian Mining Sector

Collaboration With Canada's Major Stock Markets Is Expected To Increase Access To Capital For Brazilian Mining Investments

TORONTO, March 2, 2020 / CNW / – The Brazilian Mining Association ("IBRAM") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV) to establish a relationship to increase investment in the Brazilian mining sector in the years to come. The memorandum of understanding is expected to open up prospects for the expansion of geological research, exploration and development of mining projects in Brazil.

Some of the initiatives established in the Memorandum of Understanding include increasing the number of Brazilian mining companies on the stock exchanges and jointly identifying opportunities to boost the attractiveness of investments for the Brazilian mining sectors . IBRAM should play a key role in the implementation of the actions envisaged in the Memorandum of Understanding, in particular by identifying attractive projects and investment opportunities in the Brazilian mining sector. IBRAM and the exchanges will also organize a joint program to promote Brazilian mining, such as investor conferences aimed at attracting Canadian investment.

Wilson Brumer, Chairman of the Board of Directors of IBRAM and signatory to the agreement, said: "We are delighted to work with the Toronto Stock Exchange and the TSX Venture Exchange, and we are delighted to raise the profile of Brazil in the Canadian mining investment and Canadian capital markets community. We expect this Memorandum of Understanding to be mutually beneficial for Canadian investors and Brazil, and our goal is to see Canada and other countries recognize the excellent investment opportunities in Brazil , a very promising and geologically diverse mining jurisdiction. We also anticipate that the new investments resulting from this collaboration with the TSXV will stimulate geological research, essential to the increase of Brazilian mineral production. "

IBRAM plans to increase investments in the Brazilian mining sector in the coming years. In February 2020, IBRAM announced that the value of investments in the Brazilian mining sector should amount to 32.5 billion US dollars in 2020-2024, an increase of 18% of investments compared to forecasts for 2019 -2023. This increase in forecasts is driven by investments in green and brown field projects and operational security.

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"We are pleased to work with IBRAM on joint efforts to advance the Brazilian mining sector as it is an important market for the Toronto Stock Exchange and the TSX Venture Exchange," said Robert Peterman, Vice President, Global Business Development, TSX and TSXV. "We have over 35 companies in our markets with over 100 properties in Brazil, and we believe our stock exchanges will continue to be an important partner and source of capital for Brazilian mining companies."

Flvio Penido, CEO of IBRAM, also said: "The mining sector in Brazil presents excellent investment opportunities. Only 30% of the country's 8.5 million km² has adequate geological research for mining. Mines only occupy 0.6% of the country's territory, so there is huge potential for new investment and the discovery of future world-class deposits. "

ABOUT IBRAM

The Brazilian Mining Association IBRAM is a private non-profit organization that represents companies and institutions in the Brazilian mining sector with the aim of creating an environment favorable to business, competitiveness and sustainable development. In order to promote innovation within the sector, and to disseminate best practices and the latest technologies available on the market, the association organizes debates, events, studies and research related to the industry. ; mineral economics, taxation, legislation, trends, risks, opportunities and other topics of interest to the mining industry.

Considered to be the voice of Brazilian mining, the association has 130 members who, directly or indirectly, are part of the Brazilian mining sector. These include mining companies; employers' organizations; companies of mineral engineering, environment and geology; equipment manufacturers; technology centers; and investment banks, among others.

IBRAM is also committed to promoting and increasing technological capacities and human resources in the Brazilian mining sector. In addition to defending sustainability, respect for the environment and water resources, IBRAM constantly strives to improve the quality of life of society; in particular, communities and populations where mining activities take place.

It is also important to highlight the work of IBRAM with different economic segments and executive, legislative and judicial authorities at both federal and state level, non-governmental organizations and employer and employer entities. 39; employees to strengthen the confidence of Brazilian society in the work carried out by professional mines and companies.

SOURCE Brazilian mining associations (IBRAM)

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