The Mega Fusion Agreement between Anglo American and TECK had a good reception on the market, the authorities and the industry itself. Very in accordance with the statements of the President of the Council Codelco, Máximo Pacheco, Head of the Council for Production, Hoaquin Viliarin said the operation was “great news for Chile.”
“This is reflected in the information that has passed and promoted by Anglo -Americans and TECK. It is very important merger. They are two very important mining -groups around the world and have extremely relevant assets in Chile,” said the leader of the Infinite Radio.
Fusion will give Anglo -tete -enableing giant $ 50,000 million, which will become one of the five largest copper manufacturers in the world and the third in Chile, only for Codelco and BHP, which explodes the hidden, largest copper plot.
Villarino reminded that the new group will receive red metal as the main business (70% of its production) and that the merger will gain permanent savings after four years about $ 800 million.
Speaking to Quebrada Blanca (Anglo American) and Collahuasi (TECK), he emphasized $ 1.4 billion, scheduled for synergies and joint work that promises to merge giant giants.
Villarino said this business shows the importance of copper in the world, vital in the world of infrastructure, but especially in energy transition, electricity and pure energy.
“These strategic alliances are strengthening mining groups, giving more access to financial markets, better presence, reliability and some stability in production. Chile has a very important role as a scenario, as a merger of both,” he said.
(Tagstotranslate) Copper (T) TECK (T) Anglo -Americans (T) Board of Mining (T) Hoaquín Villalarino
