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Canada Approves $70 Billion Teck-Anglo American Merger

12/16/2025

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Summary

Story summary

Industry Minister Mélanie Joly approved the merger of Teck Resources Ltd. and Anglo American PLC, creating a $70-billion entity named Anglo Teck.
The companies labeled the deal a merger of equals, despite Anglo American's larger valuation.
The new headquarters will be in Vancouver, where most executives will be based.
The deal awaits customary conditions and regulatory approvals.
Shareholders supported the merger announced in September.

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Story summary

Industry Minister Mélanie Joly approved the merger of Teck Resources Ltd. and Anglo American PLC, creating a $70-billion entity named Anglo Teck.
The companies labeled the deal a merger of equals, despite Anglo American's larger valuation.
The new headquarters will be in Vancouver, where most executives will be based.
The deal awaits customary conditions and regulatory approvals.
Shareholders supported the merger announced in September.