B.C. mining group, experts support Teck-Anglo American merger

By Daisy Xiong – BIV.com

As the proposed merger between B.C.’s largest resource company, Teck Resources Limited (TSX:TECK.B), and London-based Anglo American plc (LSE:AAL) undergoes federal review, B.C. industry experts and academics say the deal could deliver more benefits than risks to the province.

The two companies announced earlier this month that they plan to merge to form Anglo Teck, a US$53-billion firm that would become one of the world’s largest mining companies.

While Anglo would hold a 62.4 per cent stake in the new company and Teck 37.6 per cent, it would be headquartered in Vancouver and many in the province see it as a major point in favour of the proposal.