Anglo American plc (“Anglo American”) has finalized its merger with Teck Resources Limited (“Teck”) announced on the 09th September 2025.
The new company, Anglo Teck, is headquartered in Canada.
In a statement, the company said more regulatory information regarding the Merger was announced on the 17 October 2025.
The two have formed a global critical minerals champion, valued at between $50 and $53 billion.
Its initial plan is to create one of the world’s top five copper producers, to meet growing demand for critical minerals needed for the energy transition.
Duncan Wanblad, CEO of Anglo Teck, said “we believe the formation of Anglo Teck as a global critical minerals champion will unlock outstanding value for both companies’ shareholders and stakeholders, in the near term through a unique combination of available industrial and other synergies, and longer term through enhanced portfolio quality, resilience and strategic positioning. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence, sustainability, product marketing and project execution to deliver significant, value-accretive growth through the cycle.”
Wanblad also said the new giant would benefit from an industry-leading portfolio of producing operations – as one of the world’s largest copper producers, alongside high-quality premium iron ore and zinc businesses.
Jonathan Price, formerly the CEO of Teck Resources, will serve as the Deputy CEO.
Other big copper producers in the world are Codelco, BHP and Freeport-McMoRan.
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