Shareholders of Anglo American and Teck Resources both approved their merger of equals to form Canada-headquartered “Anglo Teck.”
Anglo votes in favor at 99.17% for share issuance and 99.98% for the name change and Teck approvals came in at 99.7% for Class A and 89.7% for Class B.
“This resoundingly positive vote marks an important milestone in creating Anglo Teck—a global leader in critical minerals headquartered in Canada,” said Teck CEO Jonathan Price.
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Anglo CEO Duncan Wanblad hailed the move, calling the approval “a major milestone” toward forming “a global critical minerals champion, headquartered in Canada, and a top five global copper producer,” with “more than 70% exposure to copper.
Closing remains subject to customary conditions. The transaction requires approval under the Investment Canada Act, competition and regulatory clearances across multiple jurisdictions, and a final order from the Supreme Court of British Columbia before completion.
Anglo said the corporate name change to “Anglo Teck plc” will take effect on completion, aligning identity with the Canadian headquarters and copper-weighted profile once the remaining approvals are secured.
Part of the voting, Anglo’s ordinary resolution to allot new shares drew 99.17% votes in favor, equal to support on 63.33% of issued share capital. The special resolution to change the company name at completion received 99.98% support on 63.71% of issued share capital.
Anglo confirmed that a separate compensation proposal was withdrawn before the vote. The item, originally listed as Resolution 2 to amend Long-Term Incentive Plan Awards, was removed from the agenda on December 8 and did not proceed to polling.
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