TORONTO, Sept 15 (Reuters) - Canada's antitrust
regulator will review the proposed merger of Anglo American
and Teck Resources ( TECK ), the regulator said on
Monday.
"I can confirm that the proposed Teck-Anglo merger will be
reviewed by the Competition Bureau," Marianne Blondin, senior
communications adviser at the Competition Bureau in Canada, said
in an emailed statement.
British miner Anglo American announced a $53 billion merger
with Canada's Teck Resources ( TECK ) earlier this month, which would be
the second-biggest merger in mining. In Canada, Anglo owns a
diamond mine and Teck operates the Highland Valley Copper mine.
The antitrust regulator, in its review, will look at the
likely anticompetitive effects of the proposed transaction and
will also consult suppliers, competitors and buying groups.
Teck did not comment.
(Divya Rajagopal in Toronto)