Anglo and Teck Win Canada’s Approval to Form $50 Billion Miner
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Canadian government has approved Anglo American Plc’s acquisition of Teck Resources Ltd., clearing the way for the creation of a $50 billion metals giant focused on copper mines in Chile and Peru.The deal received regulatory approval under the Investment Canada Act, the companies said in a joint statementBloomberg Terminal. Both miners proposed commitments for the deal in September, which have now been formalized under the act.