Coal

The potential transaction follows takeover interest from multiple infrastructure investors.

The transaction would establish Anglo Teck as a Canadian-headquartered mining giant with a primary listing in London.

The approval follows the expiration of Canada’s initial national security review period without an extension, effectively allowing the deal to proceed under existing foreign investment rules.

This development comes ahead of a shareholder vote on the Anglo Teck merger.

The Canadian miner held talks with Party X over a potential transaction but failed to reach an agreement due to valuation disputes and governance concerns.