Anglo-Teck merger to face Investment Canada review, says minister

[Gavel, lawyers and hands of business people in meeting for legal consultation, contract and discussion. Corporate, professional and workers in office for legislation, agreement and deal at law firm]

* Anglo American (OTCQX:AAUKF [https://seekingalpha.com/symbol/AAUKF]) and Teck Resources’ (NYSE:TECK [https://seekingalpha.com/symbol/TECK]) proposed merger would trigger formal reviews under the Investment Canada Act, Canadian Industry Minister Melanie Joly said in a X post.
* The review will consider new global headquarters in Vancouver with senior leadership resident in Canada, job creation, capital investment and ESG compliance, among others, Joly [https://x.com/melaniejoly/status/1965296065282027643] wrote.
* Teck Resources (NYSE:TECK [https://seekingalpha.com/symbol/TECK#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) +23.9% post-market Monday after the _Financial Times_ reported Anglo American (OTCQX:AAUKF [https://seekingalpha.com/symbol/AAUKF#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) (OTCQX:NGLOY [https://seekingalpha.com/symbol/NGLOY#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]) is nearing a deal to acquire the Canadian miner for ~$20B, with an announcement potentially coming as soon as this week.
* The deal would mark a major bet on copper by Anglo American (OTCQX:AAUKF [https://seekingalpha.com/symbol/AAUKF]) (OTCQX:NGLOY [https://seekingalpha.com/symbol/NGLOY]), with Teck Resources (NYSE:TECK [https://seekingalpha.com/symbol/TECK]) set to produce as much as 525K metric tons this year with plans to significantly expand production by the end of the decade.

MORE ON TECK RESOURCES LIMITED, ANGLO AMERICAN PLC

* Teck Resources: From Coal To Copper And Beyond [https://seekingalpha.com/article/4812932-teck-resources-stock-from-coal-to-copper-and-beyond-hold-for-now]
* Teck Resources Limited (TECK) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4804140-teck-resources-limited-teck-q2-2025-earnings-call-transcript]
* Concrete Steps For The New Anglo American; Buy Confirmed [https://seekingalpha.com/article/4800868-concrete-steps-new-anglo-american-buy-confirmed]
* Anglo American sells remaining Valterra Platinum stake for $2.5B [https://seekingalpha.com/news/4492299-anglo-american-sells-remaining-valterra-platinum-stake-for-25b]
* Brazil opens probe into Anglo American's $500M nickel business sale - FT [https://seekingalpha.com/news/4491788-brazil-opens-probe-into-anglo-americans-500m-nickel-business-sale-ft]