A Glencore-Rio Deal Would Shake Up Canada’s Mining Sector, Again

By Sybilla Gross – Bloomberg

Rio Tinto Group revived takeover talks with Glencore in the hope of creating a mining behemoth worth more than $200 billion. Such a deal would intensify pressure on rivals such as BHP Group to chase copper deals just as prices for the metal hit a record this week.

A union of two of mining’s most storied names would fundamentally reshape the industry, raising questions about the future of key assets spanning the globe, including in Canada.