Anglo American has just won overwhelming shareholder support for a major merger with Teck Resources. The deal values the merger at about £37.5 billion (roughly US $50-53 billion), paving the way for a new, larger mining entity to dominate the global copper market. The move stands out as one of the biggest mining deals of…
Anglo American and Codelco, Chile’s state-owned copper company, have officially sealed a US$5 billion agreement to jointly manage two of Chile’s largest copper operations. The collaboration will combine Los Bronces, owned by Anglo American, and Andina, owned by Codelco. These mines are located in central Chile, high in the Andes, just outside Santiago. This is…
Anglo American, which is one of the leading mining companies in the world, is on the verge of closing a significant merger acquisition with Canada-based Teck Resources. Teck is well known for its copper, zinc, and steelmaking coal, while Anglo American has a global footprint in diamonds, platinum, and base metals. If this deal goes…