Staff Writer
Anglo American’s long-anticipated merger with Teck Resources moved closer to completion after shareholders overwhelmingly approved key resolutions at a general meeting on 9 December 2025.
The vote gives strong backing to the formation of Anglo Teck, which is set to become one of the most influential companies in the global critical minerals sector.
Anglo American has a significant presence in Namibia through its 50/50 partnership with the government in De Beers, operating Namdeb on land and Debmarine offshore, as well as the Namibian Diamond Trading Company.
Both resolutions needed to implement the merger of equals passed with large majorities.
The ordinary resolution to allot new shares received 99.17% support, and the special resolution to change the company name to Anglo Teck passed with 99.98% of votes cast. A proposal to amend the long-term incentive plan was withdrawn before the meeting.
Anglo American chief executive officer Duncan Wanblad welcomed the vote, saying the merger strengthens the combined group’s position.
“We are delighted with the clear endorsement from our shareholders to take this next strategic step to unlock outstanding value as Anglo Teck,” he said.
“Together, we will form a global critical minerals champion, headquartered in Canada, and offering more than 70% exposure to copper, underpinned by a world-class portfolio of assets with exceptional growth optionality.”
The merger still requires approval from Teck shareholders, who were scheduled to vote later the same evening.
If approved, both companies will proceed to the implementation phase. The transaction remains subject to regulatory and competition approvals in several jurisdictions, including under Canada’s Investment Canada Act.
Once finalised, Anglo Teck is expected to become a major player in the global minerals market.
Its expanded copper portfolio will place it at the centre of the energy transition, supported by assets that provide renewable technologies, infrastructure, and food security.
Anglo American is one of the world’s leading mining companies. It built its reputation on producing minerals, such as copper for renewable energy systems, premium iron ore for infrastructure, and crop nutrients to support global food production.
