Anglo American secures shareholder backing for £37.5 billion Teck merger

The deal will create one of the world’s largest copper producers, with the combined group becoming Anglo Teck.

Shareholders in Anglo American and Canada’s Teck Resources have approved the 50 billion dollar (£37.5 billion) merger between the mining giants.

The deal will create one of the world’s largest copper producers, with the combined group becoming Anglo Teck.

Anglo American said around 99% of its shareholders voted in favour of the deal.

Bosses said they will work closely together in order to secure regulatory approval in different jurisdictions over the course of 2026.

Duncan Wanblad, chief executive of Anglo American said: “We are extremely pleased to have received such strong support both from shareholders and stakeholders alike.

“Bringing together the best of both companies,