https://newsletter.en.creamermedia.com
Copper|Iron Ore|Mining|Resources
Copper|Iron Ore|Mining|Resources
copper|iron-ore|mining|resources

Teck chair calls Anglo deal 'absolute best path forward'

11th November 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Copper-focused Teck Resources has filed its meeting materials ahead of a special shareholder meeting on December 9 to approve a merger with Anglo American, creating a new global mining leader headquartered in Canada.

“This merger presents a unique opportunity to create a global mining powerhouse headquartered in Canada, offering our shareholders the chance to participate in a larger company with greater resilience, growth potential and strategic flexibility for the long-term,” said chairperson Sheila Murray.

“Your board unanimously recommends this merger, as we firmly believe it is the absolute best path forward to realise the full potential of our strategy and our portfolio.”

The merger, announced in September, will form Anglo Teck, a top-five global copper producer with a premier portfolio of copper, zinc and iron-ore assets. Teck shareholders will own about 37.6% of the combined company, retaining exposure to future value creation from operational synergies and strategic initiatives across Anglo American’s global assets.

Jonathan Price, Teck president and CEO, said the deal was expected to deliver “tremendous value for Teck shareholders” and support Canada’s economic opportunity in critical minerals, while creating a company with scale, resilience and enhanced capital markets profile.

The Teck board has unanimously recommended shareholders vote for the merger, which is expected to close within 12 to 18 months, subject to regulatory and shareholder approvals.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

An image showing the Africa Trade Engine launch
Pioneering Africa Trade Engine launched to actualise AfCFTA
14th November 2025 By: Tasneem Bulbulia

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.133 0.404s - 184pq - 2rq
Subscribe Now