Finance
Anglo American's path to $53 billion Teck Resources merger
Published by Global Banking & Finance Review®
Posted on September 9, 2025
4 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 9, 2025
4 min readLast updated: January 22, 2026
Anglo American and Teck Resources have agreed to a $53 billion merger, creating a new company, Anglo Teck, in a landmark mining sector deal.
(Reuters) - London-listed miner Anglo American said on Tuesday it has agreed a merger with Canada's Teck Resources, in what would be the biggest mining sector M&A deal in over a decade.
Both companies have been at the centre of takeover interest in recent years, with Britain's Glencore pursuing Teck and Australia's BHP targeting Anglo for their copper assets.
Here is a timeline of Anglo's acquisitions, merger talks and restructuring moves over the years leading up to the deal.
1998
** Anglo American Corporation announces a merger with Minorco SA to create a major mining and natural resources company and move to London after 81 years in South Africa.
1999
** The merger of Anglo American Corporation and Minorco is completed, forming Anglo American plc.
** Anglo American plc lists on the London Stock Exchange and is included in the FTSE 100 index.
2002
** Anglo American acquires significant stakes in iron ore producer Kumba Resources and Anglovaal Mining.
2004
** AngloGold merges with Ashanti Goldfields Corporation to form AngloGold Ashanti.
2007
** The Mondi Group, a paper and packaging business, is spun off.
2011
** Anglo American buys out the Oppenheimer family's remaining 40% stake in De Beers.
** Anglo American sells a 24.5% stake in its Chilean copper unit to Mitsubishi.
2015
** Anglo American announces a significant restructuring, with plans to cut thousands of jobs globally amid falling commodity prices.
2017
** Indian billionaire Anil Agarwal's Volcan Holdings plc acquires a significant stake in Anglo American.
** Anglo American sells its Eskom-linked thermal coal operations in South Africa.
2019
** Anil Agarwal divests the nearly 20% stake in Anglo American he has held since 2017
2020
** Anglo American makes an offer to acquire the polyhalite fertilizer project from Sirius Minerals, with the sale approved by shareholders in March.
2021
** Anglo American demerges its South African thermal coal assets into Thungela Resources.
** Glencore acquires Anglo American's share of the Cerrejón coal mine.
February 2024
** Anglo American says it would review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations.
April 2024
** BHP Group makes a $39 billion takeover proposal, which Anglo American rejects.
May 2024
** BHP makes a revised offer of $42.67 billion, which is also rejected. Anglo American announces a major restructuring to simplify its portfolio and focus on copper and iron ore.
** BHP abandons its $49 billion takeover plan after its request for a deadline extension is denied.
** The miner explores an initial public offering of its diamond business De Beers, according to sources familiar with the matter.
November 2024
** Anglo American agrees to sell its Australian steelmaking coal assets to Peabody Energy for up to $3.78 billion.
April 2025
** Anglo American shareholders approve the demerger of its South African unit, Anglo American Platinum.
June 2025
** Anglo American completes the demerger of its majority stake in Anglo American Platinum, which is renamed Valterra Platinum.
August 2025
** Peabody terminates the agreement for Anglo American's Australian coal assets.
September 2025
** The miner sells its remaining 19.9% stake in Valterra Platinum for approximately $2.5 billion.
** Anglo American agrees to a merger with Canada's Teck Resources, creating a new company called Anglo Teck, headquartered in Canada with a primary listing in LSE.
(SOURCES: COMPANY WEBSITE, REUTERS STORIES)
(Compiled by DhanushVignesh Babu in Bengaluru; Editing by Krishna Chandra Eluri)
A merger is a business strategy where two companies combine to form a single entity, often to enhance competitive advantages, expand market reach, or achieve synergies.
Acquisitions occur when one company purchases another company, either by buying its shares or assets, often to gain control over its operations and resources.
The London Stock Exchange is a global stock exchange located in London, where shares of publicly traded companies are bought and sold.
Significant restructuring refers to major changes in a company's operations, often involving layoffs, asset sales, or strategic shifts to improve financial performance.
Copper assets refer to properties or investments that contain copper resources, which are valuable for various industries, including construction and electronics.
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