The Globe and Mail reports in its Tuesday edition that Prime Minister Mark Carney told Anglo American that it had to move its headquarters to Canada or its proposed acquisition of Teck Resources would not be allowed to proceed. The Globe's Niall McGee writes that London-based Anglo last week unveiled an all-stock takeover of Vancouver-based Teck worth $20-billion (U.S.). In a highly unusual move, Anglo said it would relocate its head office to Vancouver once the deal closed. Given that Mr. Carney won election on a pledge to protect the domestic economy in the face of a U.S. trade war, allowing the sale of a Canadian mining giant to a foreign multinational could be seen as a failure. With Mr. Carney insisting that any potential suitor for Teck move its headquarters to Canada, the chances of other bidders surfacing appears to be low. Other potential suitors for Teck, including BHP, Glencore, Vale and Freeport-McMoRan, all have headquarters outside Canada. Ottawa in 2024 tightened the rules around proposed acquisitions of Canadian critical minerals companies considerably, making deals much more difficult for foreign acquirers. Teck's takeover must still be approved by Industry Minister Mélanie Joly before it can close.