Anglo American Corporation: Teck Resources
The question
To ask the Minister for the Cabinet Office, if he will make an assessment with Cabinet colleagues of the potential impact of the merger of Anglo American and Teck on national security.
Answered by Dan Jarvis
The Government has powers under the National Security and Investment (NSI) Act 2021 to review and, where required, intervene in investments that may pose a risk to national security.
The NSI Act both facilitates investment into sensitive sectors with appropriate safeguards where needed, and provides powers to act in the interests of national security where necessary and proportionate.
Given national security and commercial considerations, the Government will not generally comment on specific acquisitions or the potential applicability of the NSI Act 2021.
Acquisitions considered under the NSI Act are reviewed on a case-by-case basis and the Government will not hesitate to use its powers where necessary.
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