The mining sector on the TSX and TSX-V has seen significant declines in market capitalization over the past three years, shedding C$291 billion and C$31 billion respectively, while other sectors like financials and real estate have increased. This divergence cannot continue indefinitely as base, industrial, and energy commodities are critical to modern societies. Baosteel, China's largest steelmaker, is offering to acquire Aquila, an Australian mining company it owns 20% of, for A$3.40 per share in cash, a 39% premium over Friday's closing price. Baosteel originally invested in Aquila in 2009 to help fund various mining projects in Australia and South Africa.