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

Image for article 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]

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