The Latest Breaking News from Teck Resources

For investors looking for copper stocks, FCX, RIO, and TECK are all positively rated with solid growth outlooks.

After a rollercoaster weekend, BHP (NYSE:BHP) has definitely walked away from the last-minute attempt to acquire Anglo American (OTC:AAUKF), weeks before its shareholders vote on a $53 billion merger with Teck Resources (NYSE:TECK).

Anglo American Plc's (OTCPK:NGLOY) (OTCPK:AAUKF) bold tie-up with Teck Resources Ltd (NYSE:TECK) is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map.

Anglo American plc (OTC:NGLOY) announced Tuesday that it has agreed to a merger of equals with Teck Resources (NYSE:TECK), creating a combined mining group valued at approximately $55 billion.

The proposed $53bn merger looks logical in its own terms but it is far from being a done deal

The tie-up is set to be the biggest mining sector merger in over a decade.

British mining group Anglo American and Canadian peer Teck Resources on Tuesday announced plans for a multi-billion-dollar merger, creating a champion of copper production and other critical 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…

The combined group will be headquartered in Vancouver, in Canada, but will retain it primary listing in London.