The Financial Post reports in its Wednesday edition that Teck and Anglo American expect their merger to be completed in 12 to 18 months, but it will need approval from the Canadian government under the Investment Canada Act and various jurisdictions globally. The Post's Naimul Karim reports the deal will also need the approval of shareholders. Changes in Canada's legal structure have made it more difficult for foreign companies to merge with or buy Canadian mining companies that deal with minerals such as copper or lithium, deemed critical for the economy's future. To satisfy the Canadian government, the two companies provided a list of benefits for the country, including a commitment to invest at least $4.5-billion in Canada over five years to support various mining projects. The companies said a "substantial proportion" of the board of the reformed company, named Anglo Teck, will be Canadian and the new entity will honour all agreements with communities, indigenous governments and labour unions in Canada. The merged company is also expected to maintain employment levels in Canada, with no net reduction in the number of employees as a result of the deal. The company will also be listed on the Toronto Stock Exchange.