Anglo American and Teck Resources Merge to Form $50 Billion Copper Giant
Anglo Teck Merger Creates Global Copper Powerhouse Valued at Over $50 Billion British mining company Anglo American and Canadian miner Teck Resources have announced their merger to create Anglo Teck, a new global copper leader valued at more than $50 billion. The merger, unanimously approved by both boards of directors, will give Anglo American shareholders a 62.4% stake and Teck shareholders 37.6%. The new company will be headquartered in Vancouver, with a primary listing in London and planned secondary listings in Toronto, Johannesburg, and New York. Leadership and Operations Duncan…
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