After nearly eight months of review, Canada has officially approved the transaction in which Jardine can acquire Teck Resources' coking coal assets for $9 billion. However, almost equally important is Canada's new guidance on proposed foreign-dominated transactions in critical mineral areas. Canada's Minister of Industry, Navdeep Bains, said that such transactions would only be approved in the 'most exceptional circumstances', but he did not elaborate. This high threshold reflects Canada's strategic importance in critical minerals and the importance of taking decisive action to protect it. Canada has stated its willingness to use national security powers to block foreign-dominated merger and acquisition transactions.