Teck(US:TECK) Shang Wu Bu Wang Zhan·2025-09-10 15:24Core Viewpoint - Anglo American and Teck Resources have announced a merger agreement to create a global giant in the critical minerals sector, named Anglo Teck, with an estimated market value of $50 billion [1] Company Summary - The new company will have a market capitalization of $50 billion and will be headquartered in Vancouver, with Anglo American holding a 62.4% stake and Teck holding a 37.6% stake [1] - Anglo Teck will become one of the top five copper producers globally, boasting a leading production portfolio that includes six world-class copper mines, as well as high-quality iron and zinc mines [1] Industry Summary - Both companies have significant assets in Chile, with Anglo American operating the Los Bronces and El Soldado copper mines and holding a 44% stake in the Collahuasi mine, while Teck operates the Quebrada Blanca and Carmen de Andacollo mines [1] - The merger will optimize operations at the Collahuasi and Quebrada Blanca mines, aiming to achieve an average of $1.4 billion in pre-tax EBITDA synergies annually from 2030 to 2049 [1]