Vancouver-based Teck Resources says it will remain Canadian, even as it plans to merge with British multinational Anglo American in a $70 billion deal that would create a new company called Anglo Teck.

"Without a doubt, you know, this is absolutely going to be a Canadian company," Teck CEO Jonathan Price told The Canadian Press Tuesday.

"We will be creating the largest head office in Vancouver, and it really is unprecedented to see a company of the size of Anglo American moving its global headquarters."

One analyst says it represents a vote of confidence in the future of mining operations in B.C. overall, particularly when it comes to the production of metals and minerals aimed at replacing fossil fuels in energy production.

Vancouver-based Teck Resources and Anglo American announce

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