Anglo American to merge with Teck in a $53bn deal.

Anglo American, a British multinational mining company, agreed to merge with Teck, a diversified natural resources company, with a combined market value of more than $53bn. Anglo American investors will own 62.4% of the new business, while Teck shareholders will have the remaining 37.6%. "This merger of two highly complementary portfolios will create a leading global critical minerals champion headquartered in Canada – a top five global copper producer with exceptional mining and processing assets located across Canada, the United States, Latin America, and Southern Africa," Jonathan Price, Teck CEO.