Joly says Teck and Anglo haven’t done enough so far to show merger has net benefit

Industry Minister Melanie Joly says Ottawa would want to see longer-term commitments to Canada if Vancouver’s Teck Resources Ltd. is allowed to merge with U.K.-based miner Anglo American PLC.

“`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,” Joly said as she headed into a cabinet meeting Tuesday.

While the short term matters, she said, “we need to think about longer term and how can we make sure that ultimately we create jobs, but we have a strong headquarters, not only now but also for the next decade.”

Joly said further conversations are needed, and she plans to speak to the CEOs of both companies next week.

In announcing the deal last week, the companies sai