UK $45 Billion Mining Giant Anglo American & Canada $21 Billion Teck Resources Shareholders Voted to Approve Merger to Create $66 Billion Minerals & Copper Giant Anglo Teck with Headquarters in Canada, Anglo American Founded in 1917 by Ernest Oppenheimer, Teck Resources Founded in 1913 as Teck-Hughes Gold Mines & Controlled by Keevil Family
11th December | Hong Kong
UK mining giant Anglo American ($45 billion market value) & Canada Teck Resources ($21 billion market value) shareholders have voted to approve the merger to create a $66 billion minerals & copper giant Anglo Teck with headquarters in Canada. In 2025 November, Australia mining group BHP ($134 billion market value) ended buyout talks with UK mining giant Anglo American. In 2025 September, Anglo American & Teck Resources announced a merger to create a minerals & copper giant Anglo Teck with headquarters in Canada. Anglo American was founded in 1917 by Ernest Oppenheimer. Teck Resources was founded in 1913 as Teck-Hughes Gold Mines, and is controlled by the Keevil family. Announcement (9/9/25): “Anglo American plc (“Anglo American”) and Teck Resources Limited (“Teck”) announce they have reached an agreement to combine the two companies in a merger of equals (“the Merger”) to form the Anglo Teck group (“Anglo Teck”), a global critical minerals champion and top five global copper producer7, headquartered in Canada and expected to offer investors more than 70% exposure to copper. Both Anglo American and Teck believe the Merger will be highly attractive for both companies’ shareholders and stakeholders, enhancing 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. Anglo Teck will hold an industry-leading portfolio of producing operations, including six world-class copper assets, alongside high-quality premium iron ore and zinc businesses. Anglo Teck will be one of the world’s largest copper producers, and will benefit from some of the world’s highest quality copper endowments, with major brownfield and greenfield copper development projects, located in attractive and well-established mining jurisdictions, to further grow the business. Anglo Teck will also retain growth optionality across its wider product portfolio, including in premium iron ore, zinc and crop nutrients. The Merger is expected to deliver annual pre-tax synergies of approximately US$800 million by the end of the fourth year following completion of the transaction, with approximately 80% expected to be realised on a run rate basis by the end of the second year following completion, driven by economies of scale, operational efficiencies, and commercial and functional excellence. Anglo Teck will also work with key stakeholders and partners in Collahuasi and Quebrada Blanca to optimise the value of these adjacent assets to realise US$1.4 billion (100% basis) of underlying EBITDA2 revenue synergies on an average pre-tax annual basis from 2030-20493, primarily through operational integration and optimisation of Collahuasi and Quebrada Blanca. This will build on Anglo American’s success with similar adjacency partnerships in Brazil and elsewhere in Chile. Anglo Teck will be a global mining leader with its global headquarters located in Vancouver and corporate offices to support the global group in London and Johannesburg. With key leadership roles based in Canada, including Duncan Wanblad as CEO, Jonathan Price as Deputy CEO, and John Heasley as CFO, with Sheila Murray as Chair, Anglo Teck will play an enhanced role in the Canadian mining ecosystem, while continuing to play a significant role in mining and business leadership in South Africa and the UK, and expects to be strongly positioned to support the critical minerals strategies of these countries and the priorities of local communities and stakeholders. Country offices and marketing hubs will continue to support the operational footprint of the combined business.” In 2024 April, Anglo American rejected the $38.8 billion takeover offer by Australia mining group BHP (27/4/24: $142 billion market value).
“ UK $45 Billion Mining Giant Anglo American & Canada $21 Billion Teck Resources Shareholders Voted to Approve Merger to Create $66 Billion Minerals & Copper Giant Anglo Teck with Headquarters in Canada, Anglo American Founded in 1917 by Ernest Oppenheimer, Teck Resources Founded in 1913 as Teck-Hughes Gold Mines & Controlled by Keevil Family “
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UK $40 Billion Mining Giant Anglo American & Canada $19 Billion Teck Resources Announced Merger to Create Minerals & Copper Giant Anglo Teck with Headquarters in Canada, Anglo American Founded in 1917 by Ernest Oppenheimer, Teck Resources Founded in 1913 as Teck-Hughes Gold Mines & Controlled by Keevil Family
9th September – UK mining giant Anglo American ($40 billion market value) & Canada Teck Resources ($19 billion market value) have announced a merger to create a minerals & copper giant Anglo Teck with headquarters in Canada. Anglo American was founded in 1917 by Ernest Oppenheimer. Teck Resources was founded in 1913 as Teck-Hughes Gold Mines, and is controlled by the Keevil family. Announcement (9/9/25): “Anglo American plc (“Anglo American”) and Teck Resources Limited (“Teck”) announce they have reached an agreement to combine the two companies in a merger of equals (“the Merger”) to form the Anglo Teck group (“Anglo Teck”), a global critical minerals champion and top five global copper producer7, headquartered in Canada and expected to offer investors more than 70% exposure to copper. Both Anglo American and Teck believe the Merger will be highly attractive for both companies’ shareholders and stakeholders, enhancing 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. Anglo Teck will hold an industry-leading portfolio of producing operations, including six world-class copper assets, alongside high-quality premium iron ore and zinc businesses. Anglo Teck will be one of the world’s largest copper producers, and will benefit from some of the world’s highest quality copper endowments, with major brownfield and greenfield copper development projects, located in attractive and well-established mining jurisdictions, to further grow the business. Anglo Teck will also retain growth optionality across its wider product portfolio, including in premium iron ore, zinc and crop nutrients. The Merger is expected to deliver annual pre-tax synergies of approximately US$800 million by the end of the fourth year following completion of the transaction, with approximately 80% expected to be realised on a run rate basis by the end of the second year following completion, driven by economies of scale, operational efficiencies, and commercial and functional excellence. Anglo Teck will also work with key stakeholders and partners in Collahuasi and Quebrada Blanca to optimise the value of these adjacent assets to realise US$1.4 billion (100% basis) of underlying EBITDA2 revenue synergies on an average pre-tax annual basis from 2030-20493, primarily through operational integration and optimisation of Collahuasi and Quebrada Blanca. This will build on Anglo American’s success with similar adjacency partnerships in Brazil and elsewhere in Chile. Anglo Teck will be a global mining leader with its global headquarters located in Vancouver and corporate offices to support the global group in London and Johannesburg. With key leadership roles based in Canada, including Duncan Wanblad as CEO, Jonathan Price as Deputy CEO, and John Heasley as CFO, with Sheila Murray as Chair, Anglo Teck will play an enhanced role in the Canadian mining ecosystem, while continuing to play a significant role in mining and business leadership in South Africa and the UK, and expects to be strongly positioned to support the critical minerals strategies of these countries and the priorities of local communities and stakeholders. Country offices and marketing hubs will continue to support the operational footprint of the combined business.” In 2024 April, Anglo American rejected the $38.8 billion takeover offer by Australia mining group BHP (27/4/24: $142 billion market value).
Anglo American – Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future- enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably. As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
UK Mining Giant Anglo American Rejects $38.8 Billion Takeover Offer by $142 Billion Australia Mining Group BHP
27th April 2024 – UK mining giant Anglo American has rejected the $38.8 billion takeover offer by Australia mining group BHP (27/4/24: $142 billion market value). Anglo American (26/4/24): “Further to the announcement by Anglo American plc (“Anglo American”) on 24 April, the Board of Anglo American (the “Board”) provides an update regarding the unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited (“BHP”) (the “Proposal”). The Proposal comprised an all-share offer for Anglo American by BHP, with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. The all-share offer and required demergers would be inter-conditional. The Board has considered the Proposal with its advisers and concluded that the Proposal significantly undervalues Anglo American and its future prospects. In addition, the Proposal contemplates a structure which the Board believes is highly unattractive for Anglo American’s shareholders, given the uncertainty and complexity inherent in the Proposal, and significant execution risks. The Board has therefore unanimously rejected the Proposal.”
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