In September 2025, we announced our agreement to combine Anglo American and Teck Resources through a merger of equals to form Anglo Teck – a landmark moment in our company’s long and proud history.
Anglo Teck will be one of the world’s largest mining companies, headquartered in Canada, and with a global operational and commercial footprint, including in South Africa, where our commitment to investment and national priorities endure. Widely acknowledged as one of the most significant M&A transactions in the mining sector, Anglo Teck is set to redefine the global resources landscape.
Compelling value creation
Bringing together the best of both companies, Anglo Teck will hold an exceptional portfolio of producing operations, including six world-class copper assets, alongside high-quality premium iron ore and zinc businesses, across the Americas, Europe and southern Africa. We expect to realise $800 million in pre-tax recurring annual synergies and an additional $1.4 billion of annual underlying EBITDA uplift through the adjacency of Collahuasi with Teck’s Quebrada Blanca operation, to potentially establish one of the largest copper complexes in the world.
Anglo Teck will also leverage proven capabilities in technical and operational excellence, sustainability, project execution, mineral exploration and product marketing to deliver value-accretive growth, reliably and responsibly, benefiting our stakeholders right along the value chain, from host countries and communities to our customers.
Duncan Wanblad, CEO of Anglo American, said: “We are unlocking outstanding value both in the near and longer term – forming a global critical minerals champion with the focus, agility, capabilities and culture that have characterised both companies for so long.”
A top global copper producer
Anglo Teck has an important role to play to bring on stream many of the critical raw materials that the world needs, at the right time and in the right way. Building on our existing portfolio and growth projects, Anglo Teck will be one of the world’s top producers of copper – critical for the global energy transition, the proliferation of data centres to power artificial intelligence, and improving living standards across the world – offering investors more than 70% exposure to this coveted metal.
From the outset, the combined entity will offer annual copper production of more than 1 Mt, and this is expected to increase over the following two years from planned production growth at current operations. Significant additional production of c.175,000 tonnes (100% basis) is also expected by optimising the adjacent Collahuasi and Quebrada Blanca mines in Chile, as well as from Anglo Teck’s well-sequenced pipeline of copper growth projects, to meet the world’s burgeoning demand for the red metal in a safe, efficient and responsible way.
Beyond copper, Anglo Teck will be a major producer of premium iron ore (c.61 Mt), an essential ingredient for cleaner steelmaking, from its mines in South Africa and Brazil, as well as being one of the world’s largest producers of zinc from the Red Dog mine in Alaska. Anglo Teck offers significant growth optionality across its entire product portfolio, including in crop nutrients. In the midstream, the Trail metal smelting and refining operations in Canada also have the potential for significant expansion, including to increase production of germanium and other strategic metals.
Progressing at pace
December 2025 was a milestone month towards the formation of Anglo Teck as a global critical minerals powerhouse, receiving a number of regulatory approvals, including from the Government of Canada just a week after Anglo American and Teck shareholders overwhelmingly endorsed the transaction. We continue to work closely with Teck and the regulatory authorities across various other jurisdictions to obtain the necessary approvals to progress this transformational deal towards completion.
