Published by Global Banking & Finance Review®
Posted on September 9, 2025
4 min readLast updated: January 22, 2026
Add as preferred source on GoogleAnglo American and Teck Resources are merging, combining major copper mining operations in Chile and Peru, amid rising copper demand.
(Reuters) - London-listed miner Anglo American said on Tuesday it has agreed to a merger with Canada's Teck Resources, in what would be the biggest mining sector M&A deal in over a decade.
Below are details of their key operations:
Both Anglo American and Teck Resources have major copper mines in Chile and Peru.
Demand for copper, which is the largest revenue and profit contributor for both the companies, is forecast to rise sharply, driven by the electric-vehicle boom and AI-powered data centres.
COPPER:
Mines Location Ownership 2024 Production
Share
ANGLO AMERICAN
Quellaveco Peru 60% 306,300 tonnes
Collahuasi Chile 44% 245,800 tonnes
Los Bronces Chile 50.1% 172,400 tonnes
El Soldado Chile 50.1% 48,200 tonnes
TECK RESOURCES
Quebrada Blanca Chile 60% 208,000 tonnes
Highland Valley Canada Sole 102,000 tonnes
Copper Operator
Antamina Peru 22.5% 96,000 tonnes
Carmen de Andacollo Chile 90% 40,000 tonnes
** Quellaveco, Peru
Quellaveco is a major open-pit copper mine in the Moquegua region of southern Peru, at an elevation of around 3,500 metres. The mine began commercial production in 2022 and is considered one of the most low-cost new copper operations globally.
Anglo American owns 60% of the mine, while Mitsubishi Corporation holds the remaining stake.
** Collahuasi, Chile
Collahuasi is one of the world's largest copper mines, located in northern Chile's Tarapacá Region, at an altitude of 4,400 metres.
Anglo American owns a 44% stake in the mine, sharing equal ownership with Glencore, while the remaining 12% is held by a Japanese consortium led by Mitsui & Co.
** Los Bronces, Chile
Los Bronces is a large open-pit copper mine located in the Andes, about 65 kilometres northeast of Santiago, at an altitude of 3,500 metres.
Anglo American owns 50.1% of the mine, and the rest is held by Mitsubishi Materials (20.4%) and a joint venture between Mitsui & Co. and Codelco (29.5%).
** El Soldado, Chile
El Soldado is an open-pit copper mine in Chile's Valparaíso region, about 132 kilometres north of Santiago.
The mine is owned 50.1% by Anglo American, 29.5% by a joint venture between Mitsui & Co. and Codelco, and 20.4% by Mitsubishi Materials.
** Highland Valley Copper, Canada:
Highland Valley Copper (HVC) Operations is located about 17 kilometres west of Logan Lake and about 50 kilometres southwest of Kamloops in British Columbia. Teck has a 100% interest in HVC.
** Quebrada Blanca, Chile
Quebrada Blanca (QB) is located in the Tarapacá region of northern Chile, at an elevation of 4,400 metres and about 240 kilometres southeast of the city of Iquique.
Teck holds an indirect 60% interest in the mine. Sumitomo Metal Mining Co and Sumitomo Corporation together have a collective 30% indirect interest. Chilean state-owned company Codelco has a 10% non-funding interest.
** Antamina, Peru
Antamina is a large copper and zinc mine, located in the Andes, 270 kilometres north of Lima, Peru. The deposit is located at an average elevation of 4,200 metres.
Teck has a 22.5% interest in the mine. Its partners are BHP (33.75%), Glencore (33.75%) and Mitsubishi Corporation (10%).
** Carmen de Andacollo, Chile
Carmen de Andacollo is located in the Coquimbo region of central Chile, at an elevation of 1,000 metres, about 350 kilometres north of Santiago.
Teck owns a 90% interest in the mine. Empresa Nacional de Minería holds the rest.
Anglo American's other assets include:
** Kumba Iron Ore, South Africa
Kumba operates large iron ore mines in the Northern Cape, including Sishen and Kolomela.
Anglo American is the majority shareholder in Kumba Iron Ore Ltd.
** De Beers Group, Global
De Beers is one of the world's leading diamond companies, with operations spanning across Botswana, Namibia, South Africa and Canada.
Anglo American owns an 85% interest in De Beers, and the government of Botswana holds the rest.
** Crop Nutrients (Woodsmith Project, UK)
Anglo American is developing a major polyhalite fertiliser mine in North Yorkshire, UK — the Woodsmith Project.
** Anglo's assets also include steelmaking coal, manganese and nickel.
Teck's other assets include:
** Red Dog, U.S.
Red Dog is one of the world's largest zinc mines, located about 170 kilometers (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
** Trail Operations, Canada
Located in British Columbia, Trail is one of the world's largest fully integrated zinc and lead smelting and refining complexes. The metallurgical operations produce refined zinc and lead, a variety of precious and specialty metals, chemicals and fertilizer products.
(SOURCES: COMPANY WEBSITES, FILINGS)
(Compiled by Tanay Dhumal and Ankita Bora in Bengaluru; Editing by Shinjini Ganguli)
The merger is set to be the biggest mining sector M&A deal in over a decade, highlighting the growing demand for copper driven by the electric vehicle boom and AI-powered data centers.
Both companies have major copper mines in Chile and Peru, including significant operations like Quellaveco in Peru and Collahuasi in Chile.
Anglo American's copper mines are projected to produce significant amounts in 2024, with Quellaveco expected to yield 306,300 tonnes and Collahuasi 245,800 tonnes.
Teck Resources holds an indirect 60% interest in the Quebrada Blanca mine, with other stakeholders including Sumitomo Metal Mining Co and Codelco.
In addition to its copper mines, Anglo American's assets include Kumba Iron Ore in South Africa, De Beers Group globally, and the Woodsmith Project in the UK.
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