Anglo American Plc y Teck resources limited They announce that they have reached an agreement on the merger as companies and the creation of the Anglo TECK group, the world leader in critical minerals and one of the five world copper manufacturers based in Canada. This is an agreement that is about $ 50,000 million and is waiting for the approval of regulators in Canada, the US and China.
Both Anglo American and TECK believe that the merger will be very attractive to shareholders and interests of both companies, improving the quality of their portfolio, their stability and strategic position. “We have a unique opportunity to combine two excellent mining companies whose wallets and opportunities are deeply complemented, thanks to a set of common values,” he said Duncan VanbradAnglo American Executive Director.
Anglo Teck will have a leading portfolio of production operations in this area, which includes six copper assets in the world, as well as quality mineral enterprises of iron and zinc. Anglo Teck will become one of the world’s largest copper manufacturers and benefits from some of the highest quality copper fundswith important copper development projects, both in projects a brown field as green fieldLocated in attractive and consolidated mining jurisdictions to increase business growth.
Anglo Teck will also support growth options in its products, including iron mineral, zinc and nutrients for crops. Jonathan PriceThe Teck Executive Director commented: “This merger of two very additional portfoli will create the leading world in critical minerals based in Canada, one of the five largest copper producers, with exceptional mining and processing assets located in Canada, the USA, Latin America and South Africa.”
It is expected that the merger creates an annual synergism in front of taxes that amounted to approximately $ 800 million at the end of the fourth year after the transaction is completed, with a forecast of approximately 80% on the basis of the level of execution at the end of the second year after completion, due to the economy, operational efficiency and commercial and function.
Anglo Teck will also work with key actors and partners at Collahuasi and Cuebrada Blanca to optimize the cost of these neighboring assets and bringing the basic revenue synergism for $ 1.4 billion (100 %) in the middle age before taxes, between 2030 and 2049. This will be based on the success of Anglo -Americans with similar neighboring alliances in Brazil and other parts of Chile.
With key guidance positions in Canada, including Duncan Vanbrad as Executive Director, Jonathan Price Deputy Executive Director and John Heisley as CEO, as President Sheila Murray Anglo Text Plays a more prominent role in the Canadian ecosystem, while he will continue to play important role Africa and in the United Kingdom. It plans to be well located to support the important mineral strategies of these countries and priorities of local communities and stakeholders.
