Anglo American says committed to South Africa despite merger with Teck

ANGLO American says its merger with Canadian miner, Teck Resources does not affect its obligations and interests in South Africa, with the enlarged entity geared to grow its investments domestically.

- TAWANDA KAROMBO

Over the past few days, South African economist Duma Gqubule has said that the transaction will “provide a final death knell” for the Johannesburg and London listed resource giant.

Anglo American has been shedding its South African assets under CEO Duncan Wanblad, with the company finalising its exit from Anglo American Platinum this year.

Anglo American has said that its merger with Teck “does not change South Africa’s sovereignty, our operations and many other interests in South Africa or Anglo American's obligations” in the country.

“The merger with Teck is about building a stronger global critical minerals company that is even better positioned to invest and grow, including in South Africa. As we have made clear repeatedly, South Africa, and our world class Kumba Iron Ore, are central to our strategy,” said Anglo American.