Anglo American Shareholders Approve Merger with Teck Resources
Anglo American plc has received shareholder approval for its merger with Teck Resources, forming Anglo Teck plc. The new entity will focus on copper, aiming for over 70% exposure to this metal, with a projected special dividend of $4.5 billion for Anglo shareholders post-merger.
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Anglo American plc's shareholders approved the merger with Teck Resources, creating Anglo Teck plc, which will prioritize copper production. The merger, announced in September 2025, has received significant support and regulatory approval, including from the Investment Canada Act in December 2025.
The combined entity will enhance shareholder value with more than 70% exposure to copper and a special dividend of $4.5 billion to Anglo shareholders upon completion. Both companies will appoint an equal share of non-executive directors to the board.
Additionally, Anglo American reported a total shareholder return of 44% in 2025, outperforming major indices, while continuing to optimize its portfolio by divesting non-core assets, including its platinum and steelmaking coal businesses. This strategic move positions Anglo Teck to lead in the critical minerals market amid rising global copper demand.
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