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Teck Resources's Highland Valley Copper Mine near Logan Lake, B.C. The company announced mining deal with Anglo American last week, and Prime Minister Mark Carney said London-based Anglo would need to move its headquarters to Canada to get the necessary government approval.
Prime Minister Mark Carney told Anglo American PLC NGLOY that it had to move its headquarters to Canada or its proposed acquisition of Teck Resources Ltd. TECK-B-T would not be allowed to proceed, two sources familiar with the matter told The Globe and Mail.
London-based Anglo last week unveiled an all-stock takeover of Vancouver-based Teck worth approximately US$20-billion. In an unusual move, Anglo said it would move its HQ to Vancouver once the deal closed.
Mr. Carney also made it clear in his c