The ASX 200 has edged up on Wednesday after suffering losses on Monday and Tuesday while major Australian miners have crashed.

The index has risen 0.1 per cent in the first 55 minutes of trading.

Australian mining companies have nosedived after British multinational mining company Anglo American revealed it was merging with Canada’s Teck Resources in an $80b deal.

The merger will create one of the world’s largest copper producers.

The deal follows Anglo rejecting a US$50b offer from BHP in 2024 while Teck knocked back a $US23b bid from Glencore in 2023.

BHP and Rio Tinto are both down 1.3 and 1.5 per cent respectively.

Iluka Resources fell 10.4 per cent after it revealed plans to stop production at its Western Australia Cataby mine over a lack of demand for mineral sands.

Meanwhile,

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