Canada’s move to protect mining sector shields takeover targets
Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business.
The agreement calls for Defense and the band to collaborate on the design of the Wicheeda project to assure the band’s interests and priorities are addressed.
The company has applied for a 'substantially started' status, which, if approved, would make KSM's environmental assessment certificate valid for the life of the project.