Published by Global Banking & Finance Review®
Posted on September 9, 2025
1 min readLast updated: January 22, 2026
Anglo American and Teck Resources merge, creating a major mining sector deal. Codelco's chairman emphasizes the extraordinary value and strategic leadership in copper.
SANTIAGO (Reuters) -The agreement between Anglo American and Teck brings together assets of "extraordinary value," the chairman of Chile's state-run copper producer Codelco, Maximo Pacheco, told Reuters on Tuesday.
London-listed miner Anglo American and Canada's Teck Resources announced their merger earlier on Tuesday, in what would be the biggest mining sector M&A deal in over a decade.
Codelco is Teck's partner in Quebrada Blanca and Anglo American Sur.
Anglo American and Teck operate adjacent copper mines in Chile - Quebrada Blanca and Collahuasi - which are expected to deliver them operational benefits.
Pacheco said that Chile is consolidating with this agreement a global strategic leadership in copper.
(Reporting by Fabian Cambero; Editing by Louise Heavens)
Maximo Pacheco stated that the agreement brings together assets of 'extraordinary value'.
The merger is expected to be the biggest mining sector M&A deal in over a decade, highlighting its importance in the industry.
Anglo American and Teck operate adjacent copper mines in Chile, specifically Quebrada Blanca and Collahuasi.
Pacheco emphasized that the agreement consolidates Chile's global strategic leadership in copper.
The merger is anticipated to deliver operational benefits due to the proximity of the two companies' mining operations.
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