Industry Minister Mélanie Joly speaks before a meeting with Canada's Ocean Supercluster at The PIER in Halifax on July 15, 2025. Photo by Ryan Taplin - The Chronicle Herald
Anglo American Plc and Teck Resources Ltd. haven’t done enough yet to show the advantages of their merger to the Canadian economy, said the country’s industry minister, who plans to meet with the companies’ chief executive officers next week.
“There have been conversations with the companies, and clearly we wanted to make sure that there would be a net benefit to Canada. But I think right now that it’s not enough,” Melanie Joly told reporters Tuesday morning in Ottawa.
The government will judge both the short-term and long-term benefits of the deal, which would create a miner worth some US$50 billion at curren