Anglo American to Acquire Teck Resources in Second-Largest Mining Deal

The new combined Anglo Teck group will have a market value of more than $53 billion.

The logo of Anglo American on a jacket of an employee at the Los Bronces copper mine, on the outskirts of Santiago, Chile. Rodrigo Garrido/Reuters

London-based global miner Anglo American on Sept. 9 announced it would merge with Vancouver’s Teck Resources, the companies said in a joint statement.

The deal will create one of the world’s largest copper producers, with a combined market value of more than $53 billion, ranking it second only to Glencore’s $90 billion merger with Xstrata in 2013.