MiningSX. A focused, fit-for-purpose Stock Exchange created for the mining industry and therefore becoming the definitive source of mining data globally.
RESEARCH / INTELLIGENCE / DATA / TRANSACTION
The MiningSX Platform
The MiningSX platform is available for Desktop and Mobile.
“Will the next two years be wasted time where companies fail to learn from the mistakes of the past? Or will these be the years where miners seize the opportunity to transform themselves and create a sustainable industry?”
Glenn Ives, Americas Mining Leader Deloitte Canada
The mining sector has particular issues dealing with the capital markets.
A public company in any sector understands that shareholder value gives more than competitive advantage. As a measure of value creation, it also affects a company’s credit rating, ability to raise capital and market reputation. Yet, despite its importance, the mining industry has traditionally underperformed in this space.
If you take a hard look at a large selection of deals currently seeking capital you will see a few things:
So why, given these positive factors, are these viable deals struggling to get funding or not getting funding at all?
Firstly if the seed capital was hard to find, the mezzanine round will also be hard to attain. Investors know this and it tilts the risk factor barometer towards the negative for that company.
Secondly, in mining companies in particular, our research shows that the team tend to be serving on multiple boards at the same time; perhaps even upwards of six.
The team may therefore have less focus, they are frequently cash constrained and when and if they do close a funding it’s usually not enough capital, meaning failure has once again been injected into the deal right at the start.
MiningSX aims to iron these wrinkles out, help those teams structure better deals, take the risk of second and third round funding away so early stage investors can see a light at the end of the tunnel.
The foundation stone of AlliedSX exchanges is the ethos that the company comes first.
Other exchanges put the investor first by allowing derivatives such as shorting which have no place in early stage companies and are not sustainable for either the company or the investor in the long term.
We want to support the companies and reveal gaps they have, not only in terms of capital, but also in people and services. We guide them on how the market works and how to layer in the next round of financing allowing them to avoid the frustrations of stop-starts in raising capital.
AlliedSX has created the first digitally-delivered global stock exchange that fills the gap between the deregulation of crowdfunding and the regulation of big board stock exchanges. MiningSX is the first sector-based exchange.
Companies can quote or list on MiningSX for a fraction of the cost of listing on other exchanges.
MiningSX offers an opportunity for companies to grow, remove geographical barriers more efficiently and gain consistency in positioning and reporting.
As companies move along the Capital SuperHighway from inception through growth and exit. MiningSX offers a technology platform and value-added services to support and propel them to greater success!
Mining companies cannot afford to take their feet off the financial discipline pedal. Rather than reverting to the days of open cheque books and major capital projects with uncertain time horizons, companies are now acutely aware of the need to maintain strict operating and capital restraint.
For most, this means pursuing low capital, intense growth options, squeezing more value out of existing assets, making operations as efficient as possible and investing where perceived returns are highest, in accordance with scrupulous investment criteria.
In addition to these constraints, the relationship between governments and mining companies is an age-old issue. On the one hand, some jurisdictions unquestionably target the mining sector for a disproportionate share of taxes and royalty fees, require adherence to stringent rules, and have been known to significantly delay operating licenses and permits.
In a trend that has emerged from the shadow of resource nationalism, governments in a growing number of jurisdictions are demanding greater levels of transparency from their domestic extractive industries. Beyond tying up resources, this has put companies under greater scrutiny as governments seek to establish that each company is paying the right amount of tax.
Again these practices in the public domain allow investors to weigh in on the lobbying and iron out these problems in favor of transparency as they are demanding the same in more sophisticated jurisdictions.
Canada, for example, adopted the Extractive Sectors Transparency Measures Act (ESTMA), which requires mining companies to track and report payments made to governments in excess of CAD$ 100,000, including taxes, royalties, fees, production entitlements, bonuses, dividends and payments for infrastructure improvements.
Under the Extractive Industries Transparency Initiative (EITI), which has 51 implementing countries, governments and companies must disclose information along the industry value chain from the point of extraction, to how the revenue makes its way through the government, to how it benefits the public.
In spite of these issues facing the industry, the mining sector has been engaging for years now in various forms of innovation aimed at making extraction and production more efficient to the benefit of the whole sector.
1) Automation and Advanced Analytics
Driverless trucks and multiple forms of automation allow miners to set up remote operations, enhancing safety/efficiency and costs. The use of sensors to monitor a wide range of factors - from tyre pressure and road conditions to both equipment and labour performance - enables the collection of highly valuable data. Through advanced analytics, that data yields insight that can help companies reduce cost, streamline equipment maintenance and prevent safety incidents, so why not use these same type of advancements in the form of FinTech?
New technological capabilities also promise to drive the next wave of productivity gains. With drones, mining companies can conduct geophysical surveys in real time to aid in resource calculation, erosion detection, surface stability monitoring and beyond.
Imagine if they could report this to a strategic investor base that could see the benefits in the form of hard numbers and time efficiency that will have reflecting effects on the companies’ value and progress to the next level. While miners mitigate risk in the field, investors want to mitigate risk in their portfolios. It’s just a smart use of platform-based tech that will achieve this and we have it in MiningSX.
MiningSX combines what miners instinctively know how to do in the field onto a platform where all this data, know-how and efficiency can be counted, reported and used to make key decisions by investors to put their money to work.
2) Digital Simulation Models
GE Power is implementing digital twinning for the parts it supplies to power plants, wind farms and electrical grids. Using sensors and controls, signal aggregation and high performance computing, it is developing real-time digital simulation models of its real-life, physical parts operating within the plant. These cloud-based “digital power plant” models will enable plant operators to know the condition of parts, optimize power, determine the right time for machinery maintenance and simulate various conditions to understand how they impact the plant.
3) Predictive Maintenance
Schneider Electric examined both maintenance and historical data collected over the course of one year for a 110 MW steam model turbine which had required regular, ongoing maintenance for an escalating series of breakdowns. Analysis enabled Schneider to address the root cause (thermal expansion problems) before they led to symptoms (bearing vibration) that caused equipment shutdowns. The company estimates that predictive maintenance offers millions of dollars in potential savings along with far fewer days of equipment downtime.
MiningSX provides tools to assist in strategic data collection and monitoring allowing companies to adjust their strategic and financial path before encountering problems and with the support of their stakeholders.
4) Industry collaboration
“It’s no secret that the mining industry faces a host of issues. These run the gamut - from declining grades, a lack of financing and the slowdown in exploration to mounting stakeholder demands, a shifting regulatory environment and competition for scarce resources. If there were easy ways to address these issues, they would already be resolved. The fact that solutions remain elusive may be due, in part, to the way in which these challenges have been historically approached.
Simply stated, mining companies have traditionally tried to tackle these issues on their own. This has yielded gradual improvements. Unfortunately, incremental change cannot drive exponential results. To realize major breakthroughs, the sector needs to shift from a go-it-alone mentality to one that recognizes the imperative of operating within an ecosystem.”
Deloitte Mining Sector report 2017
Several mining innovation ecosystems, like the Canadian Mining Innovation Council (CMIC), have sprung up to encourage greater industry collaboration. In many cases, they engage technology start-ups, businesses and industry leaders to help and creative solutions to resource challenges in mining.
Barrick Gold is a true example of digital innovation, but what if it could do more?
In a move that likely heralds the wave of the future, Barrick Gold teamed up with Cisco to digitally reinvent its business. The aim is to digitize Barrick’s entire organization - from its mines to its head office. The company plans to improve decision making through the use of real-time data, analytics and predictive tools.
It is setting up an enterprise-wide analytics hub to better manage and benchmark its operational and financial performance. To enhance transparency, it will share real-time data with local communities and partners.
To improve safety, productivity and its environmental performance, the company will automate its equipment, use predictive algorithms to gain greater metallurgic precision and use digital technology to streamline its permitting activities. The transformative potential is massive. Production costs alone are expected to drop from US$ 800 to under US$ 700 per ounce of gold on a sustainable basis.
Why then, don’t Barrick take this approach the whole way to the investor base in a fully transparent and dynamic way? Allowing the same data to help investors make decisions about the growth and give them the opportunity to support the company financially as they break these digital data barriers.
MiningSX combines data about the company, key people, sector analysis, data about the projects and concessions and also the investors. This builds into a rich resource for decision making and forecasting as well as a way of communicating with and attracting investors using minimum effort.
The MiningSX ecosystem allows information to flow easily to every participant, giving access to all the resources the company needs to grow, mitigating risk and attracting investors.
We, at MiningSX, are crunching all this minute data in a different way to give more information than ever before about risk and reward within the sector as a whole.
Automation and advanced analytics deliver ease of reporting and information sharing
The company can embed analysis, data and reasoning into their decision-making processes, becoming an insight-driven organization.
Timely and relevant information solves wide range of business problems at all levels of the organization.
They can also take all this to the next level and share some non-sensitive data with key strategic investors directly as opposed to using time consuming and expensive road shows. Transparency and information flow leads to risk mitigation which attracts investors. Digitally delivering data to the board is one level of innovative thinking, but MiningSX encompasses the investor base too.
With the MiningSX Supplier Module an investor will be able to read a simple synopsis about a technological advancement, see clearly the supreme advantage for anyone adopting these advancements, and invest accordingly.
Predictive maintenance; setting milestones and monitoring
Our analytics include a matching system which streamlines the research and matches investors to companies based on opt in data so the right investors are looking at the company at the right time.
We’ve taken this one step further with IPO Bidder; a matching engine where companies project their growth path with milestones and attract the institutional support they need to grow their companies.
Institutions gain the opportunity to lock in an advantageous price by committing early to the company and can monitor progress.
The company is protected and supported in the ecosystem from the beginning with integrated services from the Capital SuperHighway, which range from business planning, and personnel services to web services. If the company is failing to reach its milestones, these services from the ecosystem can be provided to get them back on track.
Digital simulation models;
IPO Bidder predicts their results and benchmarks along the way, mitigating risk for investors.
IPO Bidder asks institutions to log the size, terms, sector and location of its investment preference. It then plays forward the business model and plan of the early stage mines and predicts when these smaller deals may become big enough to be in the sweet spot of the later stage investor. The institutions bid based on a future price based on the established benchmarks and assumptions then watch them play out.
IPO Bidder irons out the time wasted presenting to funds that are not interested. It irons out some of the due diligence as the fund is already watching the team produce on key milestones it said it would. The bids are not obligations until the goals seem achievable and bids are increasing.
The early stage investor sees potential in the bid alone as he has mitigated his risk down to a single question, “Can this team get to this point with the capital they have in the bank?”
If the answer is yes, he has a solid basis to make a decision to invest as opposed to before when these questions were met with too many common sense barriers mentioned above.
IPO Bidder not only takes funding parameters from private equity, hedge funds, private investors and banks but it also looks at acquisitive giants and their parameters should a small deal tip into a big deal and hit the radar of one, which in turn creates an exit opportunity and layers it in early.
Collaboration; Other tools and connections in the ecosystem
The MiningSX ecosystem gives companies everything they need to grow and investors everything they need to participate. For more information on these tools see www.capitalsuperhighway.com
The mining sector is vital to many other industries. It provides key components in most of our hardware tech and there is no software without hardware. The prices of these components directly correlate to the end price of the hardware. So the mining cog in the big industry wheel allows for flow to be more efficient and that is at the heart of the AlliedSX mantra.
We have made a strategic partnership with MiningSX Index Fund which has launched with a modest $50m in capital to invest directly in the sector. To apply you must be listed on MiningSX.
Terms and Conditions – MiningSX Limited
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Use of any information obtained via the MiningSX website is at Customers' own risk. MiningSX is not responsible for the accuracy, quality, or content of information obtained through the MiningSX website and or services.
All MiningSX services are for end-user use only and may not be resold to third-parties without providing end-user information to MiningSX.
The Customer will indemnify and hold MiningSX harmless from any claim brought by third parties alleging that use of the MiningSX website by the Customer has infringed any applicable local or international legislation or regulation. The Customer shall defend and pay all costs, damages, awards, fees (including reasonable legal fees) and final judgments awarded against MiningSX arising from such claims. The Customer shall immediately give MiningSX written notice of any claim the Customer is involved with or aware of. Should the Customer fail to do so, MiningSX may defend such claims at the Customer's sole cost.
MiningSX will cooperate with any law enforcement authorities having jurisdiction to discourage and resist abuses of acceptable use policies. MiningSX reserves the right to take corrective action upon notification to MiningSX of unacceptable use by the Customer. MiningSX reserves the right, at its discretion and without notice, to remove any material or data and to block the use of the network for one or more users.
The Customer may not circumvent user authentication or security of any host, network, or account (referred to as "cracking" or "hacking"), reverse engineer, decompile, deconstruct any programming, nor interfere with service to any user, host, or network (referred to as "denial of service attacks").
The Customer is forbidden to send e-mail to any person who does not wish to receive it. It is explicitly prohibited to send unsolicited bulk mail messages ("junk mail" or "spam") of any kind (commercial advertising, financial and investment promotions, political tracts, announcements, etc.) or to post the same or similar messages to large numbers of newsgroups (excessive cross-posting or multiple-posting, also known as "USENET spam"). A Customer caught spamming on the MiningSX, or who persist in the mass distribution of unsolicited e-mail messages, will be dealt with immediately in accordance with this AUP.
The MiningSX website may be used by the Customer to link into other networks worldwide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its own operations, not to cause disturbances, outages or other problems which may affect MiningSX's network or network based equipment, or which may adversely affect MiningSX's ability to provide services.
MiningSX reserves the right to prohibit activities that violate this AUP or may damage its reputation.
MiningSX will generally not monitor private electronic mail messages sent or received by its Customers but may conduct reasonable investigation of a Customer (i) if required by law or (ii) upon reasonable suspicion of a violation of this AUP to determine if there has been a violation or (iii) when public safety may require it. MiningSX may at all time monitor usage of the MiningSX website electronically to determine if it is operating satisfactorily.
MiningSX may disclose its Customers' information or information transmitted by means of its facilities (i) to comply with legal requirements or (ii) where necessary to protect MiningSX and others from harm or (iii) where such disclosure is necessary to the proper operation of the MiningSX website.
The Customer acknowledges that MiningSX is unable to exercise control over the content of information passing through its facilities or carried as a result of supplying the MiningSX website and is therefore not responsible for that content.
MiningSX reserves the right, at its discretion and without notice, to automatically filter, disconnect and/or deny access to any Customer who violates this policy. This remedy shall also be applied when the Customer has engaged in any of the foregoing activities by using the service of another provider and, channelling such activities through an MiningSX account, re-mailer, or otherwise through the MiningSX website, or using an MiningSX account as a mail drop for responses or otherwise using the services of another provider for the purpose of facilitating the foregoing activities, if such use of another party's service could reasonably be expected to adversely affect the MiningSX website. MiningSX reserves the right, where feasible, to implement technical mechanisms which block multiple postings as described above before they are forwarded or otherwise sent to their intended recipients.
Violation of this AUP (direct or indirect, including by a third party) entitles MiningSX to remove immediately the offending material, establish immediate or temporary filtering, deny access, suspend or terminate one or more subscriptions to the MiningSX website, or take any other appropriate action, as determined by MiningSX in its sole discretion, in addition to any remedies provided by any agreement to provide access to the MiningSX website. MiningSX may give notice of violations but MiningSX reserves the right to act without notice when necessary, as determined by MiningSX in its sole discretion. Nothing in this AUP is to be construed to limit MiningSX's actions or remedies in any way with respect to any of the foregoing activities, and MiningSX reserves the right to take any additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the cost of identifying offenders and terminating their access to the MiningSX website, and charging to cover MiningSX's costs in the event of such termination of access or like situation. MiningSX may co-operate with other service providers to discourage and resist abuses of acceptable use policies. MiningSX reserves the right to take corrective action upon notification to MiningSX of unacceptable use on other networks. The MiningSX website may be linked to other networks world-wide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its operations, not to cause disturbances, outages or other problems which may affect MiningSX's or any other network or network based equipment, or which may adversely affect MiningSX's ability to provide access to the MiningSX website.
Nothing contained in this AUP shall be construed to limit MiningSX's actions or remedies in any way with respect to any of the foregoing activities, and MiningSX reserves the right to take any and all additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the MiningSX website, and levying cancellation charges to cover MiningSX's costs in the event of disconnection of dedicated access for the causes outlined above. In addition, MiningSX reserves at all times all rights and remedies available to it with respect to such activities at law or in equity.
Customer will indemnify and hold MiningSX harmless from any claim brought by third parties relating to the Customer's use of the MiningSX website. The Customer must defend and pay all damages and costs (including legal fees) arising from such claims. The Customer must immediately notify MiningSX of any claim or potential claim, within the Customer's knowledge, involving the Customer related to the MiningSX website. Failure to do so gives MiningSX the right to defend such claims at Customer's sole cost and expense.
MiningSX is committed to providing quality service to all of its Customers. While the AUP may appear harsh, MiningSX believes it is necessary to ensure that it is able to provide professional, efficient, stable service within an environment of security and trust which its Customers may require and come to expect from an organization such as MiningSX.
This AUP is subject to change. Please contact us with any questions regarding the policy or to report a breach of AUP.
MiningSX Limited ("We") are committed to protecting and respecting your privacy.
We do update this policy from time to time so please do review this policy regularly.
Information we collect
We may collect and process the following data about you:
We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.
Storing Your Personal Data
In operating our website, it may become necessary to transfer data that we collect from you to locations outside of the European Union for processing and storing. By providing your personal data to us, you agree to this transfer, storing or processing. We do our upmost to ensure that all reasonable steps are taken to make sure that your data is treated stored securely.
Unfortunately, the sending of information via the internet is not totally secure and on occasion such information can be intercepted. We cannot guarantee the security of data that you choose to send us electronically, sending such information is entirely at your own risk.
Uses made of the information
We use information held about you in the following ways:
Disclosure of your information
We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.
We may disclose your personal information to third parties.
In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.
If MiningSX Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.
You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data.
Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.
Access to information
The Data Protection Act 1998 Act (the “Act”) gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.
MiningSX - Regulated Disclaimer
MiningSX (“MSX”) allows securities to be listed via The Startup Stock Exchange ("SSX”), under a Joint Venture Agreement (“JV”) between the parties. SSX provides securities exchange related services, such as Brokerage and Listing Advisory, enabling the owners of startups and small businesses to attract qualified global investors to buy shares of their companies on a public stock exchange, the Dutch Caribbean Securities Exchange N.V. ("DCSX"), thereby providing access to a regulated and transparent marketplace for all participants.
SSX Advisors Corp is a licensed Listing Advisor and SSX Brokers NV is a licensed broker, of the Dutch Caribbean Securities Exchange N.V. The DCSX is a self-regulating securities exchange, located on Curacao, licensed by the Ministry of Finance and supervised by the Central Bank of Curacao and St. Maarten.
Investing in startups involves very high risks and it should be done only as part of a diversified investment portfolio. MSX is targeted solely at investors and companies who are sophisticated enough to understand the high risks of startup investments and make their own decisions.
MSX has both a quotation service and a listing service. If a company is denoted as ‘Quoted” it means the data presented is for information purposes only. It does not host a listing on the platform and has not been approved by our external listing committee. In some cases the quoted companies may be listed on another recognised stock exchanges globally and in this case it will be made apparent.
MSX hosts companies conducting an IPO and also shows companies under review. We have no restrictions on contacting these companies as a result of information found on our site and in such a case no liability for any resulting transaction will be the responsibility of MSX.
MSX has acquired IP to internally conduct AML (Anti Money Laundering) and KYC (Know Your Client) procedures fully vetted and approved by our regulating Central Bank. This activity must be overseen and approved in each case by an authorised AML officer.
MiningSX Limited is a UK registered Limited Liability company. It does not have any regulation inside the UK as it provides services outside the Financial Services Act. MSX is a FinTech solution for a sector based Stock Exchange regulated by its partners via the DCSX. The MSX platform is a fully automated trading system complete with company on-boarding systems, electronic trade matching, clearance and settlement as well as Investor and researcher portals.
MSX collects huge quantities of raw and unique data within the medical marijuana sector. It uses this inside smart algorithms to provide key and vital data to all parties in a fully transparent structure. All data is obtained from reliable and independent sources.
All trading conducted on MSX will be via SSX Brokers NV. A brokerage account with SSX is required in order to trade. Applications to open accounts will be available in Q4 2017.