Teck Resources plans to merge with British mining company; Highland Valley Copper Mine expansion to proceed

The owner of the Highland Valley Copper Mine near Logan Lake has merged with a British-based global mining company.

In a news release issued overnight (Sept. 8), Vancouver-based Teck Resources and Anglo American announced they have agreed to combine the two companies in a merger of equals to form Anglo Teck group.

Both Anglo American and Teck say Anglo Teck will hold an industry-leading portfolio of producing operations such as six copper assets, including Highland Valley Copper, along with crop nutrients, premium iron ore and zinc businesses.

Both companies say Anglo Teck will proceed with the $2.1-2.4 billion Highland Valley Copper Mine Life Extension Project. The B.C. government granted an environmental assessment certificate for the project in June 2025.

Teck has said the project will extend the mine’s life for another 18 years, from 2028 to 2046, and produce another two-million tonnes of copper. According to Anglo Teck, the Highland Valley Copper Mine Life Extension Project will create 2,900 jobs during construction and support around 1,500 additional jobs through ongoing operations.

In total, both companies say Anglo Teck will invest at least approximately $4.5 billion over five years in Canada.

Anglo Teck will be headquartered in Vancouver, with corporate offices in London and Johannesburg. Both companies say key leadership roles based will be based in Canada, with Anglo American CEO Duncan Wanblad serving in the same role for Anglo Teck. Jonathan Price, CEO of Teck, will serve as Deputy CEO.

“This merger of two highly complementary portfolios will create a leading global critical minerals champion headquartered in Canada – a top five global copper producer with exceptional mining and processing assets located across Canada, the United States, Latin America, and Southern Africa,” Price stated. “It is a natural progression of our strategy and portfolio simplification, which created a platform to enable exactly this sort of transformative transaction. Bringing together our world-class copper assets, premium iron ore and zinc operations and an outstanding pipeline of high-quality growth projects provides enormous resiliency and optionality. This transaction will create significant economic opportunity in Canada, while positioning Anglo Teck to deliver sustainable, long-term value for shareholders and all stakeholders.”

The merger is expected to close within 12 to 18 months.