Sept 8 (Reuters) - Anglo American is nearing a

deal to acquire Canadian miner Teck Resources ( TECK ),

Bloomberg News reported on Monday, citing people with knowledge

of the matter.

The Financial Times separately reported on Monday the

potential transaction could value Teck at about $20 billion.

The London-listed global miner is considering paying mostly

in stock, with an announcement potentially expected as early as

this week, the report said.

However, the timing and terms of the deal remain uncertain,

and talks could still collapse without an agreement, the report

added.

Teck Resources ( TECK ) holds a market valuation of approximately

C$23.69 billion (about $17.17 billion), while Anglo American is

valued at around 26.82 billion pounds (roughly $36.35 billion),

as per LSEG data.

Both Anglo American and Teck have drawn interest from larger

rivals in recent years. Anglo fended off a $49 billion takeover

proposal from BHP Group ( BHP ) last year, while Teck rejected a full

buyout offer from Glencore ( GLCNF ) in 2023 for $22.5 billion.

Glencore ( GLCNF ), which later bought Teck's steelmaking coal

business for $6.93 billion, has repeatedly said it remains

interested in the Canadian miner, raising the prospect of a

bidding battle if Anglo were to make an approach.

Reuters could not immediately verify the report. Teck, Anglo

American and Glencore ( GLCNF ) did not immediately respond to Reuters'

requests for comment.

($1 = 1.3797 Canadian dollars)

($1 = 0.7378 pounds)