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Anglo American and Teck Resources to merge for $54B

PRIVATEOct 02, 2026

Acquiring Company

Anglo American Plc

Acquired Company

Teck Resources

LondonVancouverMiningMineralMining Technologyinformation technology & servicesMiningPrecious MetalsMineralMining Technology

Description

Anglo American is set to merge with Teck Resources in a $54 billion deal, pending regulatory approval from China. Authorities have requested commitments for a stable copper supply as a merger condition. Both companies expect to finalize the merger by March 2027, after receiving approval from other regulators.

Company Information

Company

Anglo American Plc

Location

London, England, United Kingdom

About

Anglo American is a multinational mining company with a diverse portfolio of operations. It specializes in diamonds, copper, platinum, and iron ore, among other minerals. The company is known for its commitment to sustainable mining practices. Founded in 1917, Anglo American operates in several countries around the world.

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Frequently asked

Who acquired Teck Resources?

Teck Resources was acquired by Anglo American Plc, based in London. The deal was reported on October 2, 2026. Anglo American is a multinational mining company with a diverse portfolio of operations. It specializes in diamonds, copper, platinum, and iron ore, among other minerals. Anglo American Plc is privately held and operates in Mining.

When did Anglo American Plc acquire Teck Resources?

Anglo American Plc's acquisition of Teck Resources was reported on October 2, 2026. Anglo American is set to merge with Teck Resources in a $54 billion deal, pending regulatory approval from China. Authorities have requested commitments for a stable copper supply as a merger condition. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Teck Resources do?

Teck Resources is a Canadian mining company that operates in various sectors including copper, zinc, and coal. The company prioritizes responsible mining and environmental sustainability. It is publicly traded (TECK), operating in Mining, and is based in Vancouver.

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