Anglo American merges with Teck Resources to form a $53 billion mining giant

On September 9, 2025, London-based global mining company Anglo American announced it would merge with Vancouver’s Teck Resources. This merger is set to create one of the largest copper producers worldwide. The new Anglo Teck group will boast a combined market valuation exceeding $53 billion, positioning it as the second-largest mining deal after Glencore’s merger with Xstrata back in 2013, which was valued at $90 billion. This merger symbolizes a significant move in the industry as companies continue to consolidate to result in economies of scale and improved competitiveness in a fluctuating market. The collaboration is expected to enhance their operational capabilities and broaden their resource base in a growing demand for minerals essential for technologies such as electric vehicles and renewable energy. Furthermore, the merger is seen as a strategic response to global pressures and challenges within the mining sector, including rising production costs and the increasing need for sustainable practices. This union will not only strengthen both companies but also reshape the mining landscape significantly moving forward.