The Canadian government has approved Anglo-American Resources's deal to acquire Tektronix Resources, clearing the way for forming a $50 billion metals giant focused on Chilean and Peruvian copper mines. The approval made by the Canadian Investment Act officially put into effect the promises made by the two mining companies in September. Less than a week ago, the shareholders of the two companies separately agreed to the deal. Tektronix CEO Jonathan Price said in a statement, “The approval of the Canadian government is an important step in establishing Anglo-American Resources — Tektronix Resources. This newly established global key mining giant has established its headquarters in Canada.”

The Canadian government has approved Anglo-American Resources's deal to acquire Tektronix Resources, clearing the way for forming a $50 billion metals giant focused on Chilean and Peruvian copper mines. The approval made by the Canadian Investment Act officially put into effect the promises made by the two mining companies in September. Less than a week ago, the shareholders of the two companies separately agreed to the deal. Tektronix CEO Jonathan Price said in a statement, “The approval of the Canadian government is an important step in establishing Anglo-American Resources — Tektronix Resources. This newly established global key mining giant has established its headquarters in Canada.”