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Benzinga
Benzinga
Business
Stjepan Kalinic

Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals Giant

TECK Anglo Anglo American Teck Resources Anglo Teck Duncan Wanblad Johannesburg London New York Toronto
Rare earth minerals

Anglo American (OTC:NGLOY) and Teck Resources (NYSE:TECK) have agreed to combine forces in a $53 billion merger of equals that will create one of the world’s largest critical mineral producers. Anglo Teck, the new company, will have a headquarters in Vancouver and a primary listing in London, with additional listings in Toronto, Johannesburg, and New York.

"We are unlocking outstanding value both in the near and longer term – forming a global critical minerals champion with the focus, agility, capabilities and culture that have characterised both companies for so long," Anglo American CEO Duncan Wanblad said in a press release.

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