For this reason, the CCBC Mining Commission (CM) serves as a discussion forum for a number of companies – most of which are Canadian mining companies, but also include other players in the industry. The main demands and needs of the sector are identified, developing a common agenda and creating opportunities for capturing and attracting Canadian investments to Brazil, as well as sharing good practices and experiences. In addition, CM’s mission is to disseminate knowledge and enable the exchange of experiences and good practices among its members, becoming a reference as a representative of the Canadian mineral sector in Brazil.
The Commission organizes periodic meetings and seminars, as well as participating in the most important events in the sector, such as the Exposibram Fair in Brazil and PDAC in Canada.
During the international commodity boom, in the past decade, its role was very relevant to capitalize on the sector: According to data from the Ontario Mining Association, between 1999 and 2009, 80% of all mining financing in the world went through the two exchanges – and 36% of the total capital stock raised globally in the sector. In May 2018, TSX and TSXV had 1,205 listed companies in the industry, which traded in the previous twelve months CAD$ 70.74 billion.
In Brazil, mining has been an important economic activity since the colonial period – already in the seventeenth century expeditions were promoted in search of valuable metals and precious stones. Due to its great diversity of geological formations, the country has varied mineral resources, which cover 23 metallic, 45 nonmetallic and 4 energetic substances. There are more than 9,400 mines currently under concession, with the largest 154 mines producing up to 1 million tons per year. The Brazilian mineral sector had a turnover of US$ 32 billion, and exported more than 400 million tons, in the year 2017.