Downtown Vancouver, British Columbia. Stock image.
Anglo American Plc and Teck Resources Ltd.’s plan to headquarter their merged company in Canada is “a perpetual commitment,” according to Teck chief executive officer Jonathan Price.
“The commitment that we are making to Canada and the presence of the global headquarters of Anglo Tech in Canada is an enduring commitment,” Price told BNN Bloomberg Television on Wednesday.
An agreement by UK-based Anglo to acquire Canada’s Teck in one of the biggest mining deals in over a decade will need regulatory approval in countries including Canada. Last year, Canada said it would only approve foreign takeovers of large mining companies involved in critical minerals production “in the most exceptional of circumstances.”
Establishing the global headquarters in Vancouver, with the presence of most senior executives, “is a great thing for the…
