Canada Reviews $5B Mining Merger for National Security

Canadas Industry Minister announced a national security review for the proposed $5.3 billion merger between Anglo American and Teck Resources. The deal, if approved, would create one of the largest copper producers globally. The review will examine the potential impact on Canadas critical minerals supply chains, with copper and germanium being key minerals. The companies propose moving the combined headquarters to Vancouver and maintaining dual stock listing, but Ottawa seeks additional commitments. Teck shareholders will vote on the merger on December 9th.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.