TECK RESOURCES (TECK) Company Report

Teck Resources Limited shareholders approved the "merger of equals" with Anglo American plc at a Special Meeting held on December 9, 2025.
The Arrangement Resolution passed with 99.7% of Class A common shareholder votes and 89.7% of Class B subordinate voting shareholder votes in favor.
The merger will result in the creation of Anglo Teck, a new global leader in critical minerals headquartered in Canada.
Completion of the merger is contingent upon customary closing conditions, including regulatory and court approvals.

13 hours ago

6-K

Teck Shareholders Approve Merger with Anglo American

TECK

M&A

Proxy Vote Outcomes

Teck Resources shareholders overwhelmingly approved the "merger of equals" with Anglo American plc at a Special Meeting held on December 9, 2025.
The Arrangement Resolution was approved by 99.7% of Class A common shareholders and 89.7% of Class B subordinate voting shareholders.
The merger will result in the creation of Anglo Teck, a new global leader in critical minerals headquartered in Canada.
Anglo American shareholders also approved the allotment of new ordinary shares to Teck shareholders and the change of Anglo American's name to "Anglo Teck plc".
The merger remains subject to customary closing conditions, including regulatory and court approvals.

14 hours ago

Press Release

Teck Resources Shareholders Approve Merger with Anglo American

TECK

M&A

Proxy Vote Outcomes

Teck Resources shareholders approved a proposed merger of equals with Anglo American at a special meeting held on December 9, 2025.
The transaction, which was unanimously supported by Teck's Board of Directors, aims to create a leading copper-focused producer of scale.
The arrangement resolution for the merger was approved with 99.7% of Class A common shares and 89.7% of Class B subordinate voting shares voting in favor.

15 hours ago

Transcript

Teck Resources Shareholders Approve Merger with Anglo American

TECK

M&A

Proxy Vote Outcomes

A special meeting of Teck Resources shareholders was held to vote on the proposed merger of equals with Anglo American.
Teck's Board of Directors unanimously supported the transaction, which aims to create a leading copper-focused producer.
The arrangement resolution for the merger was approved by shareholders, with 99.7% of Class A common shares and 89.7% of Class B subordinate voting shares voting in favor based on proxies received in advance.
Final voting results will be issued via news release and filed on SEDAR+.

15 hours ago

Transcript

Teck Resources Receives Proxy Firm Recommendations for Anglo American Merger

TECK

M&A

Proxy Vote Outcomes

Teck Resources Limited announced that independent proxy advisory firms ISS and Glass Lewis have recommended shareholders vote "FOR" the proposed merger of equals with Anglo American plc.
Both firms highlighted significant benefits, including anticipated synergies, strategic advantages, increased liquidity, and a stronger financial position for the combined company.
Teck's Board of Directors unanimously recommends the merger, with key shareholders and leadership committing to vote shares representing approximately 79.8% of Class A common shares and 0.02% of Class B subordinate voting shares in favor.
The special meeting of shareholders is scheduled for December 9, 2025, with the proxy voting deadline set for December 5, 2025.

Nov 26, 2025, 8:10 PM

6-K

Teck Resources Merger with Anglo American Receives Proxy Firm Endorsements

TECK

M&A

Proxy Vote Outcomes

New Projects/Investments

Proxy advisory firms ISS and Glass Lewis have strongly endorsed Teck Resources' proposed merger with Anglo American ahead of the December 9 shareholder vote, citing strategic benefits and anticipated synergies.
The merger is expected to create Anglo Teck, a combined entity capable of producing approximately 1.2 million tonnes of copper annually and generating an estimated $800 million annually in cost savings and operational integration benefits.
Teck shareholders will own nearly 38% of the combined entity.
Regulatory approvals, particularly from Canadian authorities, are still required, with Canada's Industry Minister M\u00e9lanie Joly stating a decision is expected in the coming months.

Nov 26, 2025, 6:31 PM

Bloomberg

Teck Resources Merger with Anglo American Challenged by Renewed BHP Takeover Bid

TECK

M&A

Takeover Bid

CEO Change

Anglo American has agreed to a $50 billion merger with Canada's Teck Resources to form a leading global copper producer, pending shareholder and regulatory approvals.
BHP Group has renewed its takeover bid for Anglo American Plc, following a previously abandoned $49 billion offer last year.
The shareholder vote for the Anglo American and Teck Resources merger is scheduled for December 9, with regulatory approvals required from jurisdictions including the US and China.
A successful BHP acquisition of Anglo American would create the world's largest copper producer, with an estimated annual output of 1.9 million metric tons, surpassing the 1.2 million tons projected for the Anglo-Teck merger.
BHP's ongoing leadership changes, including the departure of CEO Mike Henry, add complexity to its takeover bid for Anglo American.

Nov 23, 2025, 11:36 AM

Bloomberg

Glass Lewis Recommends Approval of Teck Resources Merger with Anglo American

TECK

M&A

Proxy Vote Outcomes

Proxy advisory firm Glass Lewis has recommended that Teck Resources shareholders approve the proposed merger with Anglo American.
The merger, announced in September, would create the second-largest copper mining sector deal with a combined market capitalization exceeding $53 billion.
Glass Lewis highlighted that the transaction offers Teck shareholders entry into a larger, more diversified critical minerals group with enhanced copper exposure, significant synergy potential, and stronger long-term growth prospects.
The shareholder vote on the merger is scheduled for December 9.

Nov 22, 2025, 2:16 AM

Bloomberg

Teck Resources Files Meeting Materials for Anglo American Merger Vote

TECK

M&A

Proxy Vote Outcomes

New Projects/Investments

Teck Resources Limited has filed meeting materials for a special shareholder meeting scheduled for December 9, 2025, to approve a proposed merger of equals with Anglo American plc.
Teck's Board of Directors unanimously recommends shareholders vote "FOR" the merger, which aims to create Anglo Teck, a global critical minerals leader and top five copper producer headquartered in Canada.
The merger is anticipated to generate approximately US$800 million in pre-tax recurring annual synergies, with Teck shareholders expected to own about 37.6% of the combined Anglo Teck on a fully diluted basis.
Anglo Teck is projected to achieve a combined copper production of 1.2 million tonnes, expected to grow to approximately 1.35 million tonnes in 2027 from current operations.

Nov 11, 2025, 12:15 AM

6-K

Teck Resources Files Meeting Materials for Anglo American Merger Vote

TECK

M&A

Proxy Vote Outcomes

Teck Resources has filed meeting materials for a special shareholder meeting on December 9, 2025, where shareholders will vote on a proposed merger of equals with Anglo American plc.
Teck's Board of Directors unanimously recommends shareholders vote "FOR" the merger, which is expected to create Anglo Teck, a global critical minerals leader and a top 5 global copper producer.
Upon closing, Teck shareholders will own approximately 37.6% of the combined Anglo Teck, which is projected to have combined copper production of 1.2 million tonnes, growing to approximately 1.35 million tonnes in 2027.
The merger is anticipated to generate approximately US$800 million in pre-tax recurring annual synergies and US$1.4 billion in underlying annual EBITDA synergies, with an expected closing within 12-18 months from its September 2025 announcement.