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Teck Resources Ltd
Symbol TECK
Shares Issued 480,356,682
Close 2025-10-21 C$ 60.04
Market Cap C$ 28,840,615,187
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Post/CP say Teck suitor Anglo "failed" Ontario locals

2025-10-21 06:44 ET - In the News

The Financial Post reports in its Tuesday edition that an indigenous advocate in Northern Ontario says his community's past experience with Anglo American PLC's diamond-mining subsidiary De Beers does not inspire confidence that a proposed merger between the U.K. company and Teck would benefit first nations. A Canadian Press dispatch to the Post quotes Charles Hookimaw, former director of lands and resources for the Attawapiskat First Nation, detailing his concerns in a letter earlier this month to federal Industry Minister Mélanie Joly, whose department is reviewing whether the $70-billion transaction would be a net positive for Canada. "I observed first-hand that Anglo American consistently failed to ensure that its subsidiary lived up to its social responsibility and to respect the treaty rights of the Kattawapiskak (Attawapiskat) First Nation," wrote Mr. Hookimaw, who now works as an adviser on indigenous issues. "Despite repeated efforts to engage in a respectful dialogue, Anglo American turned a blind eye, allowing its subsidiary to operate in an irresponsible manner on our traditional territory." Anglo American's open-pit Victor mine operated from 2008 until 2019 without economic benefits for the locals.

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