July 4 (Reuters) - Canada's federal government is set to

approve Glencore's ( GLCNF ) $6.93 billion acquisition of

Canadian miner Teck Resources's ( TECK ) steelmaking coal

unit, a spokesperson for Canada's Industry minister told

Reuters.

The ministry spokesperson said the office will be issuing a

statement "soon" on the development. Teck and Glencore ( GLCNF ), did not

immediately respond to Reuters' request for comment.

Canadian Industry Minister Francois-Philippe Champagne had

been reviewing the deal on both a net-benefit and national

security basis, the report added. The minister's office too did

not answer to a Reuters request for comment.

The Globe and Mail on Thursday evening reported quoting

unnamed sources that Canada was planning to approve the deal

with several legally binding conditions, the Globe and Mail.

In November, a Glencore ( GLCNF )-led consortium sealed one of the

mining sector's biggest deals, agreeing to acquire Teck

Resources ( TECK ) steelmaking coal unit for $9 billion.

Swiss miner Glencore ( GLCNF ) will get 77% of the business in a $6.9

billion cash deal, while 20% will go to Japan's Nippon Steel

Corporation ( NISTF ) which already holds a 2.5% stake.

South Korea's POSCO will swap a stake in two of

Teck's coal operations for 3% in the steelmaking coal business

Elk Valley Resources.