Mines are talking merger, but Covid-19 is a damper
New ways towards industry consolidation are being sought, but the economy needs to be revived
02 November 2020 - 16:39
Toronto — Miners are engaging in plenty of takeover talks despite a tepid year for acquisitions, but few deals will get done without greater clarity on the economy and an ebbing of Covid-19, says the industry’s top dealmaker.
“There’s lots of conversations going on, lots of people exploring new ways to think and new ways to operate,” Dan Barclay, who heads Bank of Montreal’s capital-markets division, said in an interview last week. “The probability of a lot of action is going to be conditional on that economic recovery.”..
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