Wrap Text
Anglo American shareholders approve merger of equals with Teck
Anglo American plc
Registered office: 17 Charterhouse Street London EC1N 6RA United Kingdom
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GB00BTK05J60
JSE Share Code: AGL
NSX Share Code: ANM
("the Company")
10 December 2025
Anglo American shareholders approve merger of equals with Teck
Anglo American plc ("Anglo American") announces that both resolutions proposed in connection with the
implementation of the merger of equals of Anglo American and Teck Resources Limited ("Teck") to form
the Anglo Teck group (the "Merger") have been duly passed by the requisite majorities at the general
meeting held on 9 December 2025 (the "General Meeting").
Duncan Wanblad, CEO of Anglo American said: "We are delighted with the clear endorsement from our
shareholders to take this next strategic step to unlock outstanding value as Anglo Teck. 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."
Full details of the ordinary resolution and the special resolution are contained in the notice of general
meeting and circular to shareholders dated 10 November 2025 (the "Circular").
General Meeting
The voting on the ordinary resolution and the special resolution was taken on a poll. As announced on 8
December 2025, resolution 2 to amend the Anglo American Long-Term Incentive Plan Awards was
withdrawn from the agenda of the General Meeting. The results were as follows:
Resolution For % of Votes Against % of Votes Votes cast Votes
Cast Cast as % of Withheld
Issued
Share
Capital
Ordinary Resolutions
1. Allotment of 739,920,029 99.17% 6,187,391 0.83% 63.33% 4,468,093
new Shares in
connection with
the Merger
2. Resolution withdrawn
Special Resolution
3. Change of 750,360,076 99.98% 184,186 0.02% 63.71% 31,251
company name
with effect from
completion of
the Merger
Implementation of Merger
The Merger is also subject to approval by the Teck Shareholders at a special meeting being held at 19:00
(UK time) on 9 December 2025. The report of voting results of the special meeting of Teck Shareholders
will be available under Teck's issuer profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Should Teck Shareholders approve the Merger, Anglo American and Teck will continue to work towards
implementation of the Merger, completion of which remains subject to conditions customary for a
transaction of this nature including approval under the Investment Canada Act and competition and
regulatory approvals in various jurisdictions globally.
Other information
This announcement will be available for viewing on the Anglo American website,
https://www.angloamerican.com/investors, as soon as practicable.
In accordance with UK Listing Rule 6.4.2, a copy of the ordinary resolution and the special resolution
passed at the General Meeting will be submitted to the Financial Conduct Authority and will shortly be
available for inspection via the National Storage Mechanism.
Defined terms used but not defined in this announcement have the meanings set out in the Circular.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Tyler Broda
james.wyatt-tilby@angloamerican.com tyler.broda@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 1470
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968 8574
Rebecca Meeson–Frizelle Michelle West-Russell
rebecca.meeson-frizelle@angloamerican.com michelle.west-russell@angloamerican.com
Tel: + 44 (0)20 7968 1374 Tel: +44 (0)20 7968 1494
South Africa Asanda Malimba
Nevashnee Naicker asanda.malimba@angloamerican.com
nevashnee.naicker@angloamerican.com Tel: +44 (0)20 7968 8480
Tel: +27 (0)11 638 3189
Ernest Mulibana
ernest.mulibana@angloamerican.com
Tel: +27 (0)82 263 7372
Notes:
Anglo American is a leading global mining company focused on the responsible production of copper,
premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the
global economy, improving living standards, and food security. Our portfolio of world-class operations
and outstanding resource endowments offers value-accretive growth potential across all three
businesses, positioning us to deliver into structurally attractive major demand growth trends.
Our integrated approach to sustainability and innovation drives our decision-making across the value
chain, from how we discover new resources to how we mine, process, move and market our products to
our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of
stretching goals over different time horizons to ensure we contribute to a healthy environment, create
thriving communities and build trust as a corporate leader. We work together with our business partners
and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders,
for the benefit of the communities and countries in which we operate, and for society as a whole. Anglo
American is re-imagining mining to improve people's lives.
Anglo American is currently implementing a number of major structural changes to unlock the inherent
value in its portfolio and thereby accelerate delivery of its strategic priorities of Operational excellence,
Portfolio simplification, and Growth. The sale of our steelmaking coal and nickel businesses and the
separation of our iconic diamond business (De Beers) continue to progress and once completed, will focus
Anglo American on its world-class resource asset base in copper, premium iron ore and crop nutrients.
www.angloamerican.com
Group terminology
In this document, references to "Anglo American", the "Anglo American Group", the "Group", "we", "us", and "our"
are to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally, or where it
is not necessary to refer to a particular entity, entities or persons. The use of those generic terms herein is for
convenience only, and is in no way indicative of how the Anglo American Group or any entity within it is structured,
managed or controlled. Anglo American subsidiaries, and their management, are responsible for their own day-to-
day operations, including but not limited to securing and maintaining all relevant licences and permits, operational
adaptation and implementation of Group policies, management, training and any applicable local grievance
mechanisms. Anglo American produces group-wide policies and procedures to ensure best uniform practices and
standardisation across the Anglo American Group but is not responsible for the day to day implementation of such
policies. Such policies and procedures constitute prescribed minimum standards only. Group operating subsidiaries
are responsible for adapting those policies and procedures to reflect local conditions where appropriate, and for
implementation, oversight and monitoring within their specific businesses.
Disclaimer
This document is for information purposes only and does not constitute, nor is to be construed as, an offer to sell or
the recommendation, solicitation, inducement or offer to buy, subscribe for or sell shares in Anglo American or any
other securities by Anglo American or any other party. Further, it should not be treated as giving investment, legal,
accounting, regulatory, taxation or other advice and has no regard to the specific investment or other objectives,
financial situation or particular needs of any recipient.
Forward-looking statements and third party information
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American's financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations,
prospects and projects (including development plans and objectives relating to Anglo American's products,
production forecasts and Ore Reserve and Mineral Resource positions) and sustainability performance related
(including environmental, social and governance) goals, ambitions, targets, visions, milestones and aspirations, are
forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Anglo American's present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American's actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and product prices, unanticipated downturns in business relationships with customers or their purchases
from Anglo American, mineral resource exploration and project development capabilities and delivery, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the impact of attacks from third parties on our information systems, natural
catastrophes or adverse geological conditions, climate change and extreme weather events, the outcome of litigation
or regulatory proceedings, the availability of mining and processing equipment, the ability to obtain key inputs in a
timely manner, the ability to produce and transport products profitably, the availability of necessary infrastructure
(including transportation) services, the development, efficacy and adoption of new or competing technology,
challenges in realising resource estimates or discovering new economic mineralisation, the impact of foreign
currency exchange rates on market prices and operating costs, the availability of sufficient credit, liquidity and
counterparty risks, the effects of inflation, terrorism, war, conflict, political or civil unrest, uncertainty, tensions and
disputes and economic and financial conditions around the world, evolving societal and stakeholder requirements
and expectations, shortages of skilled employees, unexpected difficulties relating to acquisitions or divestitures,
competitive pressures and the actions of competitors, activities by courts, regulators and governmental authorities
such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo
American's assets and changes in taxation or safety, health, environmental or other types of regulation in the
countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk
factors identified in Anglo American's most recent Annual Report. Forward-looking statements should, therefore, be
construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These
forward-looking statements speak only as of the date of this document. Anglo American expressly disclaims any
obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK
Listing Rules, the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Listings
Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana
Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any
updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American's
expectations with regard thereto or any change in events, conditions or circumstances on which any such statement
is based.
Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
included in this document is sourced from third party sources (including, but not limited to, externally conducted
studies and trials). As such it has not been independently verified and presents the views of those third parties, but
may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any
responsibility for, or liability in respect of, such information.
©Anglo American Services (UK) Ltd 2025. AngloAmericanTM and TM are trademarks of Anglo American
Services (UK) Ltd.
The Company has a primary listing on the Main Market of the London Stock Exchange and secondary listings on
the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange and the SIX Swiss
Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10-12-2025 09:00:00
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