11:02 - 10.09.2025

---

September 10, Fineko/abc.az. British company Anglo American and Canadian Teck Resources have agreed to merge on a parity basis, creating Anglo Teck with a capitalization of $53 billion. The new holding will rank among the world’s top five copper producers, concentrating more than 70% of its business on this metal, which is crucial for “green” energy and digital technologies.

According to ABC.AZ, the company will acquire six leading copper mines in Chile, Peru, and Canada, a large zinc mine in the United States, and will develop projects in North and South America as well as in Finland. The headquarters will be located in Vancouver, with offices in London and Johannesburg.

The merger is expected to deliver $800 million in annual savings and, starting from 2030, up to $1.4 billion in additional profit through the integration of Chilean deposits. Before the deal is finalized, Anglo American shareholders will receive special dividends amounting to $4.5 billion (approximately $4.19 per share). Shareholders of Anglo American will own about 62.4% of Anglo Teck, while Teck shareholders will hold 37.6%. The deal is expected to be completed within 12–18 months.