FT Live: Anglo American CEO reaffirms merger as Teck slashes forecasts
Anglo American CEO Duncan Wanblad has reaffirmed his confidence in the company’s $50bn merger with Teck Resources. In his keynote interview at the FT Live Metals and Mining Summit today (9 October), Wanblad defended the merger’s value following the slashed copper production forecasts announced by Teck yesterday. Asked if the forecasts had come as a surprise to Anglo American, which will make up 50% of the new Anglo Teck company under the merger, Wanblad answered: “No,” adding: “We did an extraordinary am ...