VANCOUVER — Teck Resources Ltd. has signed a deal to merge with Anglo American plc to become Anglo Teck.

The companies said the "merger of equals" will create a company that will be a global critical minerals champion and one of the world's largest producers of copper.

They also committed to having Anglo Teck's global headquarters in Vancouver, with corporate offices in London and Johannesburg.

Anglo American CEO Duncan Wanblad will become CEO of the combined company, while Teck CEO Jonathan Price will be deputy CEO. Anglo American chief financial officer John Heasley will remain in the same role and Teck chair Sheila Murray will be chair of Anglo Teck.

"This merger of two highly complementary portfolios will create a leading global critical minerals champion headquartered in Canada,"

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