Teck Resources and Anglo American join forces in historic $70 billion merger

In September 2025, Teck Resources Ltd., based in Canada, announced a significant merger with Anglo American PLC, a London-headquartered mining giant. This merger is projected to create a leading entity focused on copper, with an estimated worth of around $70 billion. Although Anglo American's value exceeds that of Teck Resources by more than double, the two companies have described this merger as a 'merger of equals.' The arrangement is structured to ensure a balanced distribution of management and board representation from both companies, reflecting their commitment to collaboration and shared leadership. The proposed merger comes in the context of increasing global demand for copper, a crucial metal in various industries, particularly in technology and renewable energy sectors. Both companies recognize that combining their resources and expertise can better position them to meet this demand. The deal highlights a strategic shift in the mining sector towards consolidation as major players seek to enhance their competitive edge and operational efficiencies. In addition to creating a massive new entity, the merger aims to capitalize on the growing shift towards sustainable mining practices, which is increasingly important to investors and consumers alike. Both Teck Resources and Anglo American have expressed their commitment to responsible mining and environmental stewardship as part of this new initiative. This approach is expected to resonate well with stakeholders concerned about the environmental impact of mining operations, as the industry faces mounting pressures to adopt more sustainable practices. As talks are underway and regulatory approvals are necessary, the merger will undergo scrutiny to address any antitrust concerns that may arise due to the significant market influence the new combined entity will hold. Industry analysts are closely monitoring the developments of this unprecedented deal, as it holds the potential to reshape the global mining landscape, particularly in the copper sector, positioning the merged company as a critical player on the world stage.