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Shareholders approve Anglo American's tie up with Teck Resources
Cape Times
|December 11, 2025
SHAREHOLDERS in Anglo American have approved the Johannesburg and London-listed resource group's tie up with Canadian miner, Teck Resources under a "merger of equals" basis that has been disputed by South African opponents to the deal.
South African shareholders in Anglo American stand to receive a R73 per share special dividend in addition to other economic benefits after the global miner agreed to the tie-up with Teck Resources.
This comes after Anglo American turned down an offer from global rival, BHP. Shares in Anglo American rose 1.40% on the JSE on Wednesday, extending the stock's 3.1% and 9% rally over the past 30 and 90 days respectively.
This week, Anglo American announced that its shareholders had approved “resolutions proposed in connection with the implementation of the merger of equals” of Anglo American and Teck Resources.
This story is from the December 11, 2025 edition of Cape Times.
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