1209 ET - Canadian Industry Minister Melanie Joly says she will meet next week with the CEOs of Anglo-American and Teck Resources to discuss their proposed merger, adding she hasn't heard much from either company about why the transaction would provide a net benefit to the national economy. "We think that we need to have further conversations with the companies," Joly says. The Anglo-Teck deal needs Canadian regulatory approval to proceed, under the country's foreign-investment law, which dictates any foreign-led deal needs to show it will provide a so-called "net benefit" to the economy. The merger also marks a test of recent Canada policy that foreign-led deals involving critical minerals--such as copper, zinc and molybdenum, all of which Teck produces--would only be approved in exceptional circumstances. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

September 16, 2025 12:09 ET (16:09 GMT)

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