Friday, July 3, 2009

“MinesOnline” – new online mining marketplace


Perth-based corporate advisor PCF Capital Group has launched a new web-based marketplace – MinesOnline – which will provide global exposure for companies looking to buy and sell mining and exploration projects.

The website www.minesonline.com will provide a database of resource investment opportunities of all types and different stages of development, linking buyers and sellers of resource projects around the world.

PCF Capital Group Managing Director Liam Twigger, said the MinesOnline project was a natural extension for the Company.

PCF has been providing corporate advisory services to the resource industry for more than ten years, and has significant experience in facilitating the sale of major mining projects around the world.

Mr Twigger said MinesOnline would provide an efficient and cost effective avenue for the sale or acquisition smaller resource projects, from grass roots and greenfield exploration properties to mature operating mines. 

“During the past 10 years PCF has successfully completed resource projects transactions on every continent. As a result, we have established a data base of key high quality contacts at over 1200 mining companies and institutions from all around the world,” Mr Twigger said.  

“MinesOnline allows sellers of smaller or non-core resource projects to tap into that global network, and allows us to provide a tailored sales program for any type of mining project, regardless of size, location and maturity,” Mr Twigger said.

“MinesOnline really acts as a match-maker for mining real estate, connecting buyers and sellers who can communicate directly to negotiate and complete transactions,” Mr Twigger said.

Mr Twigger said PCF Capital Group would continue to provide its premium sales process service for clients looking to manage a confidential targeted sales program. However, he said MinesOnline provides the capacity to broadcast a project opportunity instantaneously to PCF’s global client network on a more public basis. 

Background

How does MinesOnline work? Clients looking to sell a project post an overview and summary onto the MineOnline website and these are promoted online for six months. Potential buyers can read the overview online and can access a full project summary once they have registered their details on the website. Buyers can then communicate directly with project sellers and negotiate to conduct further due diligence and potential sale terms.

MinesOnline has 18 listed projects covering tin, copper, nickel, platinum, iron ore and over 2.3M oz of JORC gold resources. The site has attracted 5,000 visitors, with regular users from Canada, China, USA, UK and Japan as well as Australia.


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