The proposed Anglo Teck copper merger has been approved by the shareholders of Anglo American and Teck Resources, with over 99.17% of votes in favor. The combined entity, Anglo Teck, will be based in Vancouver, Canada, and is projected to have over 70% exposure to copper, with $800m in annual cost savings anticipated. The merger is subject to regulatory approvals in various jurisdictions, including Canada. Anglo American CEO Duncan Wanblad expressed enthusiasm for forming Anglo Teck, emphasizing the value it will bring to shareholders and stakeholders. The merger is contingent on customary closing conditions and regulatory clearances globally. Anglo American focuses on producing ‘future‑enabling materials.’

Read more at Yahoo Finance: Anglo Teck copper merger wins shareholder approval