Industry committee  I don't think I can comment on that, but thank you for the question.

Industry committee  At this point, our shareholder vote is on April 26, which is next Wednesday. That is a proposal for us to separate into two world-class companies that would both be headquartered in Canada. At the moment, it's in shareholders' hands as to whether that vote will go through. Obviously, we have the protection of our A-class shareholders, but we'll see how that vote goes next Wednesday.

Industry committee  I might pass that question to Thompson Hickey, who leads the Trail smelter. I'll comment on the first part of the question around the Government of Canada. I would just like to say that the budget was fantastic in terms of providing a whole number of different areas that will help us develop critical minerals, including the recycling piece but also the extraction and processing.

Industry committee  Obviously, Glencore has a very poor track record when it comes to labour rights. To your first point, they've had 65 strikes since 2013. A number of those lasted 200-plus days, and in some cases they just shut down the asset instead of engaging with workers, so it's very problematic.

Industry committee  I think that was $1.1 billion.

Industry committee  It probably means a whole range of things, but first of all you would lose control of the Canadian-based critical minerals assets. Then you would lose control of the assets based overseas that currently are owned by Teck and that operate with Canadian values. They're primarily copper resources for the Teck portfolio, as well as zinc resources.

Industry committee  Thanks, Thompson. We're pleased to see that the federal government is focused on EV battery recycling, and we believe our Trail smelter, with 120 years of innovation, is very well placed to take part in both the recycling sector and the EV battery recycling space. Thank you. We look forward to your questions.

Industry committee  Yes, you will have seen in the news that we're fending off a bid from a foreign company—Glencore—that's been unanimously rejected by our board on two occasions. I'm not sure if people are familiar with Glencore, but they don't have a great track record for a number of reasons. Last year, they paid 1.7 billion dollars' worth of corruption charges; $1.1 billion of that was in the U.S.

Industry committee  They haven't been explicit on the jobs, but they have been explicit about a head count reduction that would accrue about $300 million of benefit to Glencore shareholders and effectively job loss in Canada. We think that in the Glencore proposal they put forward to shareholders, they have suggested 4.75 billion dollars' worth of synergies.

Industry committee  Thank you, Mr. Chair and members of the committee, for the opportunity to be here in person today. My name is Amber Johnston-Billings. I'm a vice-president at Teck Resources covering the communities area and the government and regulatory affairs area. Teck is a proudly Canadian company.