The Globe and Mail reports in its Tuesday edition that Anglo American PLC is in talks to buy Teck Resources. The Globe's Niall McGee writes that Bloomberg reported on Monday that London-based Anglo is close to reaching a deal to buy Teck in a mostly stock transaction. Both Anglo and Teck have been targets of takeover offers in the past few years, with both companies fending off the overtures. Anglo recently sold its nickel, platinum group metals businesses, and much of its metallurgical coal business. Anglo's stock has done well amid its restructuring efforts, while Teck shares have struggled over the past year because of the poor performance of its QB2 copper mine in Chile. A proposed acquisition of Teck by a foreign miner would be closely scrutinized by Ottawa. The federal government in 2023 said it would allow acquisitions of large Canadian critical minerals companies only under the most exceptional circumstances. In addition, a takeover of Teck would have to be approved by the Keevil family, most notably chairman emeritus Norman Keevil. The Keevil family controls the company's Class A shares, which carry 100 votes each, compared with the single-voting Class B shares. Teck also owns a significant zinc business.