Wedoany.com Report-Dec.17, The Canadian Government has provided regulatory clearance under the Investment Canada Act for the proposed merger of equals between Anglo American and Teck Resources, originally disclosed in September 2025.

The closing of the merger of Anglo American and Teck Resources is contingent upon customary conditions.

Both companies emphasized that the formation of the new entity, Anglo Teck, is anticipated to deliver considerable advantages to Canada through enhanced investment and resource development.

Shareholders from each firm endorsed the transaction during meetings conducted on December 9, 2025.

Completion of the merger remains subject to standard requirements, including obtaining further regulatory consents across various international locations. Approvals related to competition matters have already been obtained in Canada and Australia, while additional evaluations continue elsewhere.

The resulting combined company, Anglo Teck, will establish its global headquarters in Vancouver, Canada.

Anglo American CEO Duncan Wanblad said: “We are delighted to receive regulatory approval from the Government of Canada for our merger of equals with Teck. Today’s confirmation by Minister of Industry, the Honourable Mélanie Joly, marks yet another step towards forming a major global critical minerals powerhouse, following the overwhelming endorsement of both our and Teck’s shareholders last week.

“Anglo Teck represents a significant investment in Canada, its people and its natural resources, underpinned by a comprehensive package of commitments designed to drive enduring economic and wider benefits associated with a thriving mining ecosystem in British Columbia and Canada as a whole.”

As part of the approval framework, Anglo American and Teck outlined specific undertakings in their initial announcement, which have now become enforceable commitments. These include a pledged minimum expenditure of C$4.5 billion ($3.26 billion) in Canada over the coming five years.

The allocated funds will facilitate extensions at the Highland Valley copper mine, increase processing capabilities for critical minerals at the Trail facility, and progress the Galore Creek and Schaft Creek copper initiatives in northwestern British Columbia.

The companies indicated that these initiatives lay the groundwork for total investments reaching at least C$10 billion in Canada across the subsequent 15 years.

Wanblad added: “We are all committed to preserving and building on the proud heritage of both companies, in Canada, as home to Anglo Teck’s global headquarters, in South Africa, where our commitment to investment and national priorities endures, and across our entire global operational and commercial footprint.

“We look forward to continuing our commitment to engage meaningfully with all stakeholders including indigenous peoples and communities as Anglo Teck. Together, Anglo Teck will be at the forefront of our industry in terms of value-accretive growth in responsibly produced critical minerals.”

This merger combines complementary strengths in mining operations, positioning the new organization to advance production of essential materials required for various industrial applications.

The structured commitments ensure focused capital deployment toward sustaining and expanding key assets, supporting long-term operational viability and regional economic contributions.

Headquartering in Vancouver reinforces Canada's central role in the company's strategic direction and global activities.

Engagement with local communities and indigenous groups remains a priority, fostering collaborative approaches to resource management.

The transaction progresses toward creating a prominent player in the critical minerals sector, equipped to address growing demand through efficient and responsible practices.