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'Canada will take a close look at the Teck-Anglo deal,' Finance Minister says

Finance Minister Francois Philippe Champagne

Finance Minister Francois Philippe Champagne

22nd September 2025

By: Reuters

  

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TORONTO - The proposed $53-billion merger between Teck Resources and Anglo American is under review by Canada's federal government, which must make sure it is in the net benefit of the country, Finance Minister Francois Philippe Champagne said on Saturday.

"Canada will take a close look at the Teck-Anglo deal," Champagne said, to determine if the industry minister will approve it.

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Edited by Reuters

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