Committed to Canada
The merger of equals between Teck and Anglo American will create a Canadian-based, global critical minerals champion, with significant economic, social and strategic benefits for Canada. In addition to bringing strengthened Canadian leadership in critical minerals on the world stage, Anglo Teck has provided commitments to Canada, including:
- The global headquarters of Anglo Teck will be located in Canada
- Anglo Teck will invest at least approximately CAD$4.5 billion over five years in Canada, including:
- in respect of the Highland Valley Copper Mine Life Extension
- improving critical minerals processing capacity at Trail Operations
- advancing potential major new copper mines in Northwestern British Columbia
- supporting critical minerals exploration, innovation, skills training, research and jobs growth in Canada
- The CEO, Deputy CEO, CFO and a significant majority of the executive management team will be based in and reside in Canada
- A substantial proportion of Anglo Teck’s board of directors will be Canadian
- Anglo Teck will honour all agreements with communities, Indigenous governments and labour unions in Canada and promote within its organizational culture a recognition of the importance of respecting Indigenous and community rights
- Anglo Teck will also explore opportunities to add copper processing capacity at Trail Operations and support the establishment of new critical minerals processing facilities in Canada
- Anglo Teck will maintain employment levels in Canada with no net reduction in the number of employees in the business in Canada as a result of the transaction, and generate new economic activity and jobs through the investments noted above
- Anglo Teck will be listed on the TSX, subject to the approval of the TSX
- Anglo Teck will carry on both Anglo American and Teck’s respective industry leadership in environmental and social performance
