Why the proposed Teck Resources merger is a big deal for B.C.

By Andrew Kurjata – CBC News

Vancouver-based Teck Resources says it will remain Canadian, even as it plans to merge with British multinational Anglo American in a $70-billion deal that would create a new company called Anglo Teck.

“Without a doubt, you know, this is absolutely going to be a Canadian company,” Teck CEO Jonathan Price told The Canadian Press Tuesday.

“We will be creating the largest head office in Vancouver, and it really is unprecedented to see a company of the size of Anglo American moving its global headquarters.”