Skip to main content

Anglo American and Teck shareholders approve merger of equals to form Anglo Teck

 

Published by
Global Mining Review,

Anglo American plc notes the announcement by Teck Resources Limited on the results of its shareholder vote at the special meeting where the proposed merger of equals with Anglo American was approved.

Both resolutions proposed in connection with the implementation of the merger of equals of Anglo American and Teck Resources Limited to form the Anglo Teck group have been passed by the requisite majorities at the general meeting held on 9 December 2025.

Duncan Wanblad, CEO of Anglo American said: “We are extremely pleased to have received such strong support both from shareholders and stakeholders alike. Today marks a major milestone towards forming Anglo Teck – a global critical minerals champion, headquartered in Canada, and a top five global copper producer.

“Bringing together the best of both companies, Anglo Teck is set up to deliver outstanding value for shareholders of both companies – in the near term through a unique combination of industrial and other synergies, and in the longer term by applying proven capabilities to exceptional growth optionality, offering investors more than 70% exposure to copper.

“Looking ahead, we will continue to work closely with Teck and the regulatory authorities across various jurisdictions during the course of 2026 to obtain the necessary approvals to progress towards completion.”

“We are delighted with the clear endorsement from our shareholders to take this next strategic step to unlock outstanding value as Anglo Teck. Together, we will form a global critical minerals champion, headquartered in Canada, and offering more than 70% exposure to copper, underpinned by a world-class portfolio of assets with exceptional growth optionality."

Completion of the merger remains subject to conditions customary for a transaction of this nature including approval under the Investment Canada Act and competition and regulatory approvals in various jurisdictions globally.
 

This article has been tagged under the following:

Canadian mining news European mining news