Anglo American and Teck Resources to Merge: ‘Anglo Teck’ Copper Giant

By Karalee Greer | WBN News – Kitsilano | September 14, 2025 Subscription to WBN and being a Contributor is Free.

Anglo American and Vancouver-based Teck Resources have agreed to merge in a deal valued between $50 billion and $53 billion, forming a formidable global copper producer. The combined company, to be named Anglo Teck, will be headquartered in Canada, with primary shares listed in London and additional listings in New York, Johannesburg, and Toronto. Reuters+1

Under proposal terms, Anglo American shareholders will hold approximately 62.4% of the new entity, while Teck shareholders will control about 37.6%. The merger is expected to yield annual cost synergies of around $800 million by the fourth year post-closing, with a projected completion timeline of 12 to 18 months, pending regulatory and shareholder approval. Reuters+1

The rationale behind the merger rests on surging global demand for copper—fueled by the rise of electric vehicles, AI data centers, and renewable energy infrastructure. By uniting, the companies aim to sharpen competitiveness and deepen their footprint across critical minerals. Investopedia+1

Investor sentiment has responded positively: both stocks climbed significantly upon announcement. Moreover, the deal has garnered strong backing from shareholders and institutional investors, with many calling it “a once-in-a-generation” opportunity to create a major new force in mining. Financial Times

This merger also comes against a backdrop of prior takeover attempts: Teck previously rebuffed a bid from Glencore, while Anglo turned down overtures from BHP. The agreement consolidates their complementary portfolios—including adjacent copper operations in Chile (Quebrada Blanca and Collahuasi)—under a unified strategy. Reuters+1

Conclusion

The fusion of Anglo American and Teck Resources marks a landmark transformation in global mining. Anglo Teck promises to harness copper’s accelerating demand, delivering both strategic growth and operational efficiencies. If approved, it will redefine Canada’s place in critical minerals and signal a new chapter in resource sovereignty—powered by innovation and market momentum.

References

Reuters: Anglo American to combine with Canada's Teck Resources in $50 billion deal Reuters
Investopedia: Anglo American and Teck Agree to Create $53 Billion Copper Giant Amid AI Boom Investopedia
Financial Times: Shareholders back Anglo’s ‘once in a generation’ deal with Teck Financial Times
Anglo American Press Release: Anglo American and Teck to combine through a merger of equals Anglo American

Karalee Greer - Publisher Subscription to WBN and being a Contributor is Free.

Tags: #WBN Kitsilano #Karalee Greer #Anglo Teck #Teck Resources #Copper Mining #Critical Minerals #Mining Merger