The new combined Anglo Teck group will have a market value of more than $53 billion.
The logo of Anglo American on a jacket of an employee at the Los Bronces copper mine, on the outskirts of Santiago, Chile. Rodrigo Garrido/Reuters
|Updated:
London-based global miner Anglo American on Sept. 9 announced it would merge with Vancouver’s Teck Resources, the companies said in a joint statement.
The deal will create one of the world’s largest copper producers, with a combined market value of more than $53 billion, ranking it second only to Glencore’s $90 billion merger with Xstrata in 2013.
Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.
