Source: BBC News                             Date: 10 February, 2011

The London Stock Exchange (LSE), which recently took over responsibility for restructuring the Mongolian Stock Exchange, has said it is in "advanced" talks with TMX Group, which operates the Toronto Stock Exchange, over a possible merger. The merged group would be co-headquartered in London and Toronto and would become the world's largest exchange for mining companies. The group would have a combined value of about £5.5 billion and the talks could be concluded this week, reports suggest.

"These are arguably two of the most important mining exchanges in the world," Mr. Douglas Porter at BMO Capital Markets has said. "Of course some of the world's biggest mining companies are on the LSE, and some of the world's biggest gold companies, and hundreds if not thousands of smaller mining companies are in the TMX Group. So certainly it brings together some of the most important mining groups in the world under one broad umbrella."