Anglo American publishes shareholder circular for merger with Teck

(Posted on 10/11/25)

On 9 September 2025, Anglo American plc and Teck Resources Limited announced that they had reached an agreement to combine the two groups in a merger of equals to form the Anglo Teck group, a global critical minerals champion, headquartered in Canada. Certain further regulatory information regarding the Merger was announced by Anglo American on 17 October 2025.

Representing the critical next step in the Merger process, Anglo American has today published a notice of general meeting and circular to Shareholders (the “Circular”) seeking the approval by Shareholders of recommended proposals in connection with the implementation of the Merger (the “Proposals”) at a general meeting to be held at 17:30 (UK time) on Tuesday, 9 December 2025 (the “General Meeting”).

Duncan Wanblad, CEO of Anglo American, said: “We believe the formation of Anglo Teck as a global critical minerals champion will unlock outstanding value for both companies’ shareholders and stakeholders, in the near term through a unique combination of available industrial and other synergies, and longer term through enhanced portfolio quality, resilience and strategic positioning. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence, sustainability, product marketing and project execution to deliver significant, value-accretive growth through the cycle.

“Anglo Teck will benefit from an industry-leading portfolio of producing operations – as one of the world’s largest copper producers, alongside high-quality premium iron ore and zinc businesses – with exceptional growth optionality across its current product portfolio and in crop nutrients. Together, we are propelling Anglo Teck to the forefront of our industry in terms of growing the supply of responsibly produced critical minerals.”

The Circular contains further details in relation to the recommended Proposals. The Merger is conditional on the approval of the resolution relating to the allotment and issue of new shares to, or on behalf of, the shareholders and option holders of Teck in connection with the Merger. The Merger is not conditional on the approval of the other Proposals to be voted on at the General Meeting.

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