Teck Resources says it will stay Canadian despite $70B U.K. merger

News Source : CBC News
News Summary
- Vancouver-based Teck Resources says it will remain Canadian, even as it plans to merge with British multinational Anglo American.
- The $70-billion deal would create a new company called Anglo Teck.
- Teck has two major resource operations in the province: the Highland Valley copper mine about 50 kilometres southwest of Kamloops and the West Kootenay smelting operations in Trail.
- Combined, they represent hundreds of jobs in the B.C.
- Interior and millions of dollars to the provincial economy overall.
Vancouverbased Teck Resources says it will remain Canadian,even as it plans to merge with Britishmultinational Anglo American in a $70 billion dealthat wouldcreate a newcompany called Anglo Tec [+4402 chars]