US EditionOttawa approves Teck and Anglo American, companies say
The merger includes $4.5 billion in Canadian investments over five years and commits to major copper projects and critical minerals processing expansion, officials said.
- On Dec. 15, 2025, Industry Minister Mélanie Joly approved the merger under the Investment Canada Act, saying it would be a net benefit to Canada.
- Shareholders of Anglo American plc and Teck Resources Ltd. approved the merger at meetings on December 9, 2025, after the deal was announced on September 9, 2025, as a roughly US$20-billion transaction.
- Anglo Teck committed to invest up to $850,000,000 at Trail Operations, $750,000,000 for Galore Creek and Schaft Creek, and at least $200,000,000 for Indigenous initiatives.
- Completion remains conditional on further approvals, and Anglo said obtaining all necessary approvals could take up to 18 months amid risks that could prevent completion.
- The companies say the merger will position Anglo Teck as a global critical minerals champion headquartered in Canada, pledging ZAR600 million to support South African junior miners and uphold environmental and Indigenous agreements.
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Canadian Government Greenlights Teck–Anglo American Merger
Ottawa has given its stamp of approval this week to a merger between Canadian natural resources company Teck Resources Ltd. and Britain’s Anglo American PLC. The two companies announced their plans to merge in September to create Anglo Teck, a $70 billion copper mining powerhouse, but needed shareholder and government approvals to move ahead. The plan received shareholder approval last week and the companies were granted regulatory clearance by …
The shareholders had agreed to the proposed merger last week.
haltonhillstoday.ca
CP Ottawa approves Teck and Anglo American, companies say
OTTAWA — Teck Resources Ltd. and Anglo American PLC say they have received regulatory approval from the Canadian government for to merge into one. Shareholders gave their blessing last week to the plan which was first announced in September.
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