**Summary**
Anglo American and Teck Resources have received regulatory approval from the Government of Canada under the Investment Canada Act (ICA) for their merger of equals, announced on September 9, 2025. The merged entity, named Anglo Teck, will be headquartered in Vancouver, Canada, and aims to become a global leader in critical minerals. The approval includes binding commitments to invest significantly in Canada, with plans to spend at least C$4.5 billion within 5 years and C$10 billion over 15 years. Key projects include extending the life of the Highland Valley Copper mine, enhancing critical minerals processing at Trail Operations, and advancing the Galore Creek and Schaft Creek copper projects.
The merger, approved by shareholders of both companies on December 9, 2025, will maintain a strong Canadian presence with a majority of senior management and board members based in Canada. Anglo Teck will also honor existing agreements with Indigenous communities and labor unions, invest in critical mineral exploration, and establish a Global Institute for Critical Minerals Research and Innovation. The company will retain listings on the LSE, JSE, TSX, and NYSE, with a primary listing on the LSE.
The merger is expected to drive economic growth, job creation, and sustainable mining practices in Canada and globally, while also reinforcing commitments to South Africa, including support for junior mining companies and a ZAR600 million contribution to South Africas Junior Mining Exploration Fund. Completion of the merger remains subject to customary conditions and regulatory approvals in various jurisdictions.