Teck(US:TECK) Zhi Tong Cai Jing·2025-12-16 13:44Core Viewpoint - Teck Resources (TECK.US) and Anglo American have received key approval from the Canadian government for their merger plan, which will create one of the largest copper producers globally [1] Group 1: Merger Details - The newly formed company, "Anglo Teck," will be headquartered in Vancouver, British Columbia, where Teck Resources is currently based [1] - The companies have committed to investing at least CAD 4.5 billion (approximately USD 3.27 billion) in Canada over the next five years for various projects, including the extension of the Highland Valley Copper Mine's lifespan and enhancing the mineral processing capabilities at the Trail Smelter Complex [1] - Anglo Teck plans to invest at least CAD 10 billion over the next 15 years based on the commitments outlined [1] Group 2: Economic Impact - Teck Resources' CEO Jonathan Price stated that the merger will integrate two world-class companies, creating a new entity with significant scale and strength, which will bring billions in investments and drive new economic activity and job growth in Canada and globally [1] - Canadian Industry Minister Mélanie Joly expressed reservations but acknowledged that the transaction benefits the Canadian economy, emphasizing the companies' commitment to retaining 4,000 employees in Canada [1] - The new company's board will have a majority of Canadian members for at least seven years, and there will be dedicated funding for Indigenous communities in British Columbia amounting to hundreds of millions of dollars [1]