Finance
Teck Resources shareholders approve merger with Anglo American
Published by Global Banking and Finance Review
Posted on December 9, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 9, 2025
2 min readLast updated: January 20, 2026
Teck Resources and Anglo American merge in a $53 billion deal, forming the fifth-largest copper miner, Anglo-Teck, headquartered in Vancouver.
By Divya Rajagopal
TORONTO, Dec 9 (Reuters) - Shareholders of Canadian miner Teck Resources on Tuesday voted in favor of the merger with Anglo American, paving the way for both companies to move to the next step of seeking approvals from regulators across the world, including Canada.
Teck and Anglo American announced in September that they were merging in an all-stock $53 billion deal to create the fifth-largest copper miner in the world.
The combined entity, to be known as Anglo-Teck, would be headquartered in Vancouver, Canada, with a listing on the London Stock Exchange.
The Anglo-Teck portfolio will produce more than 1.2 million tonnes of copper annually, the companies had said.
Demand for copper has surged as major AI players look for steady sources of electricity to power a data center boom, putting global miners in the spotlight and spurring consolidation in the industry.
The two companies operate adjacent copper mines in Chile — Quebrada Blanca and Collahuasi — which are expected to deliver further operational benefits.
Quebrada Blanca is Teck's flagship mine, but a tailings issue related to the disposal of mine waste has caused it to miss production forecast, dragging down the company's shares.
For both Teck and Anglo, the merger is a defense against hostile acquisition offers from other mining giants such as BHP and Glencore.
Analysts say the deal has, for now, put on hold any possibility of interlopers who could break the deal. However, the merger also opens the door for other miners to set out on mega acquisitions in the sector.
(Reporting by Divya Rajagopal in Toronto and Tanay Dhumal in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, reduce costs, or increase market share.
The London Stock Exchange is one of the largest stock exchanges in the world, where shares of publicly traded companies are bought and sold.
Copper mining involves extracting copper from the earth, which is a key metal used in various industries, including electrical wiring and construction.
The resources sector encompasses industries involved in the extraction and processing of natural resources, including mining, oil, and gas.
Hostile acquisition offers occur when a company attempts to acquire another company against the wishes of its management, often leading to a takeover battle.
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