Conversations with the British and Canadian mining companies were “not enough” to show that their merger will be a net benefit to Canada, said Minister Mélanie Joly, whose department oversees takeover reviews under the Investment Canada Act. She wants to ensure the combined company’s commitment to being headquartered in Canada is “strong” and long term, she said. (The Logic)

Talking point: Joly will be meeting next week with the two companies, in one of the biggest  tests yet of the government’s strict foreign takeover rules announced last year. Teck is one of  the country’s largest diversified miners, with involvement in domestic critical mineral mining and refining. Prime Minister Mark Carney personally cautioned Anglo American that its $20-billion takeover offer for Teck would need a Canadian headquarters to pass muster, The Globe and Mail reported.