Anglo American Expects Approval Decision for Teck's Merger by Year-End

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Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)

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Summary

Anglo American expects to receive regulatory approval for its merger with Teck by year-end. The new company would be among the world's largest copper producers, with annual volumes of about 1.2 million tonnes.

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Approval Expected

Anglo American expects to receive regulatory approval for its merger with Teck Resources by year-end, based on information shared with Reuters by Anglo's Brazil Chief Executive Officer (CEO) Ana Sanches.

In February, Anglo American's CEO stated that, following the Canadian approval received in December 2025, China and South Korea are expected to issue their decisions on the merger between September 2026 and March 2027.

In December, the companies received approval from the Canadian government for a merger of equals.

The miners agreed in 2025 to combine their operations in a merger of equals to create Anglo Teck, a company that would rank among the five largest copper producers. The new company would hold six world-class copper assets, including Quebrada Blanca, Los Bronces and Collahuasi in Chile, as well as Highland Valley in Canada, and Quellaveco and Antamina in Peru. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Database can learn more by viewing the related plant profiles.

Together, the companies would reach copper production of 1.2 million tonnes per year, with expectations to increase production to 1.35 million tonnes by 2027.

One of the key projects is the synergy between Quebrada Blanca and Collahuasi, adjacent mines, where the companies estimate US$1.4 billion in average annual pre-tax underlying earnings before interest, taxes, depreciation, and amortization uplift from 2030 to 2049 and increase production by 175,000 tonnes per year.

The companies would have a pipeline of greenfield and brownfield copper projects worldwide. Among the key greenfield projects are Zafranal in Peru, Galore Creek and Schaft Creek in Canada, San Nicolas in Mexico, Nuevaunion in Chile, and Sakatti in Finland.

At the same time, Anglo Teck would control key iron ore operations, such as the Minas-Rio mine in Brazil and Kumba in South Africa. Subscribers can learn more by viewing the related project reports.

Industrial Info is tracking more than 125 projects owned by both companies worldwide, amounting to investments of US$34.35 billion.

2025 Production

In 2025, Anglo American produced 695,000 tonnes of copper, 39,700 tonnes of nickel and 60.8 million tonnes of iron ore across its mines. For 2026, the miner forecasts copper output of 700,000 and 760,000 tonnes and iron ore output of 55 million and 59 million tonnes.

Meanwhile, Teck reached output of 454,000 tonnes of copper, 565,000 tonnes of zinc concentrate and 230,000 tonnes of refined zinc in 2025. For this year, the company expects to produce between 455,000 and 530,000 tonnes of copper, between 410,000 and 460,000 tonnes of zinc concentrate and between 190,000 and 230,000 tonnes of refined zinc.

Key Takeaways

• Anglo and Teck expect final regulatory approvals by year-end.
• The companies received Canadian government approval in December 2025.
• The merger would create one of the world's largest copper miners.

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About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resources' Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 250,000 current and future projects worth $30.2 Trillion (USD).