Teck-Anglo American deal wins Ottawa’s approval after promising billions in spending

B.C. Premier David Eby, left, speaks as Teck Resources President and CEO Jonathan Price listens at the Highland Valley Copper Mine, near Logan Lake, B.C., on Thursday, September 11, 2025. THE CANADIAN PRESS/Darryl Dyck (DARRYL DYCK)

OTTAWA — Teck Resources Ltd. and Anglo American PLC have won approval from Ottawa for their merger after promising billions in spending in Canada.

Teck chief executive Jonathan Price says the deal will deliver billions in investment and drive new economic activity and job creation in Canada and beyond.

Federal Industry Minister Mélanie Joly signed off on the deal late Monday.

Joly said in a statement she determined the merger will be a net benefit to Canada and called it a “significant win.”

In addition to the spending, the combined company to be called Anglo Teck has promised that a significant majority of its senior management will be based in Canada, while a substantial proportion of its board of directors will be Canadian.

Shareholders last week gave their blessing to the plan, which was first announced in September.

This report by The Canadian Press was first published Dec. 15, 2025.