The Canadian government approved the merger of Teck Resources Limited and Anglo American plc on December 16 2025, clearing the final regulatory hurdle under the Investment Canada Act. The transaction, valued at approximately $53 billion, will create Anglo Teck, a top‑five global copper producer headquartered in Vancouver.
The approval includes binding commitments for Anglo Teck to invest at least C$4.5 billion in Canada over the next five years and more than C$10 billion over 15 years. These investments will support the life extension of the Highland Valley Copper mine, the expansion of critical‑minerals processing at Trail, and the development of the Galore Creek and Schaft Creek copper projects in British Columbia.
Strategically, the merger positions Anglo Teck to capture the accelerating demand for copper driven by electric‑vehicle production, renewable‑energy infrastructure, and digitalization. By combining Teck’s strong Canadian asset base with Anglo American’s global reach, the new entity will be better positioned to secure supply chains and benefit from economies of scale in exploration, development, and production.
CEO Duncan Wanblad of Anglo American said the approval “is another step toward forming a major global critical‑minerals powerhouse.” He highlighted the company’s commitment to Canadian jobs and the broader critical‑minerals strategy. Teck’s President and CEO Jonathan Price echoed this sentiment, noting the merger will “deliver billions in investment and drive economic activity and job creation.”
Market reaction to the approval was positive, reflecting investor confidence that the regulatory green light reduces uncertainty and confirms the company’s long‑term commitment to Canada’s critical‑minerals sector. The binding investment commitments and the strategic focus on copper—an essential metal for the energy transition—were key drivers of the favorable response.
The merger also strengthens Anglo Teck’s competitive position against other global mining majors such as BHP, Rio Tinto, and Glencore, while aligning with Canada’s national strategy to become a leader in critical‑minerals production and processing. The deal’s scale and the Canadian government’s support signal a robust environment for mining investment in the country.
The approval marks a significant milestone for Anglo Teck’s integration plans, enabling the company to accelerate project development, enhance operational efficiencies, and deliver long‑term shareholder value through a diversified portfolio of copper assets.
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