Anglo And Teck Join Forces To Create Copper Giant
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Guest – Peter Major – Mining analyst
Anglo American and Teck have struck a deal that will reshape the global copper landscape, creating the world’s second-largest listed copper miner after BHP. The new company plans to invest C$4.5-billion in Canada over the next five years, extending the life of Highland Valley Copper, boosting processing capacity at Trail, and backing new critical minerals facilities.
But the deal comes with strings attached. Canada’s government, wary of foreign control over strategic resources, approved the move only after imposing strict conditions on domestic operations, governance, and jobs.
Anglo American and Teck have struck a deal that will reshape the global copper landscape, creating the world’s second-largest listed copper miner after BHP. The new company plans to invest C$4.5-billion in Canada over the next five years, extending the life of Highland Valley Copper, boosting processing capacity at Trail, and backing new critical minerals facilities.
But the deal comes with strings attached. Canada’s government, wary of foreign control over strategic resources, approved the move only after imposing strict conditions on domestic operations, governance, and jobs.
