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Latin American countries are able to source more mining project finance from Canadian stock markets than African countries, despite generally being perceived as higher risk, Canada-South Africa Chamber of Business president Bruce Shapiro said on Monday.
Speaking at the 2010 Africa Mining Congress in Johannesburg, he said that during the recent recession, a record $2,6-billion was raised for the development of African projects from the TSX and TSX-Venture Exchange markets, but added it that was still overshadowed by the $3-billion raised towards the development of South American projects, with Peru being able to draw the largest amount of financing. |
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