Drill and Deal

News / 2025

· Approvals, Copper

Canada approves the Anglo American–Teck merger

Ottawa cleared the deal under the Investment Canada Act with binding commitments, including at least C$4.5bn of investment in Canada over five years. Shareholders of both companies had approved the merger on 9 December 2025.

A Teck plant in British Columbia, from the Cominco era, in 2016
Photo: under_volcano from Canada, CC BY-SA 2.0

Why it matters. National-security and net-benefit reviews now shape deal terms as much as price does.

Source
Business Day
In the course
Module 9: The M&A process