Anglo American plc to acquire Teck Resources Limited

Anglo American plc has agreed to acquire Teck Resources Limited in a strategic acquisition within the mining sector. The transaction was announced on 23 March 2026, with the target company based in Canada. The deal structure involves a full strategic acquisition rather than a merger of equals or a management buyout. No specific deal value or consideration type has been disclosed to the public at this stage.

The transaction remains in the firm intention phase and has not yet been completed. Regulatory approval and other customary conditions are required before the deal can proceed to finalisation. Anglo American plc intends to integrate the Canadian mining assets into its existing global portfolio. The parties have not yet confirmed a completion date or finalised the financial terms of the agreement. Further updates are expected once regulatory bodies have reviewed the proposed combination of these two major mining entities.