Sept 9 (Reuters) - London-listed miner Anglo American
said on Tuesday it has agreed a merger with Canada's
Teck Resources ( TECK ), in what would be the biggest mining
sector M&A deal in over a decade.
Both companies have been at the centre of takeover interest
in recent years, with Britain's Glencore ( GLCNF ) pursuing Teck
and Australia's BHP targeting Anglo for their copper
assets.
Here is a timeline of Anglo's acquisitions, merger talks and
restructuring moves over the years leading up to the deal.
1998
** Anglo American Corporation announces a merger with
Minorco SA to create a major mining and natural resources
company and move to London after 81 years in South Africa.
1999
** The merger of Anglo American Corporation and Minorco is
completed, forming Anglo American plc ( AAUKF ).
** Anglo American plc ( AAUKF ) lists on the London Stock Exchange and
is included in the FTSE 100 index.
2002
** Anglo American acquires significant stakes in iron ore
producer Kumba Resources and Anglovaal Mining.
2004
** AngloGold merges with Ashanti Goldfields Corporation to
form AngloGold Ashanti.
2007
** The Mondi Group, a paper and packaging business, is spun
off.
2011
** Anglo American buys out the Oppenheimer family's
remaining 40% stake in De Beers.
** Anglo American sells a 24.5% stake in its Chilean copper
unit to Mitsubishi.
2015
** Anglo American announces a significant restructuring,
with plans to cut thousands of jobs globally amid falling
commodity prices.
2017
** Indian billionaire Anil Agarwal's Volcan Holdings plc
acquires a significant stake in Anglo American.
** Anglo American sells its Eskom-linked thermal coal
operations in South Africa.
2019
** Anil Agarwal divests the nearly 20% stake in Anglo
American he has held since 2017
2020
** Anglo American makes an offer to acquire the polyhalite
fertilizer project from Sirius Minerals, with the sale approved
by shareholders in March.
2021
** Anglo American demerges its South African thermal coal
assets into Thungela Resources.
** Glencore ( GLCNF ) acquires Anglo American's share of the Cerrejón
coal mine.
February 2024
** Anglo American says it would review its assets after a
94% plunge in annual profit and writedowns at its diamond and
nickel operations.
April 2024
** BHP Group ( BHP ) makes a $39 billion takeover proposal, which
Anglo American rejects.
May 2024
** BHP makes a revised offer of $42.67 billion, which is
also rejected. Anglo American announces a major restructuring to
simplify its portfolio and focus on copper and iron ore.
** BHP abandons its $49 billion takeover plan after its
request for a deadline extension is denied.
** The miner explores an initial public offering of its
diamond business De Beers, according to sources familiar with
the matter.
November 2024
** Anglo American agrees to sell its Australian steelmaking
coal assets to Peabody Energy for up to $3.78 billion.
April 2025
** Anglo American shareholders approve the demerger of its
South African unit, Anglo American Platinum.
June 2025
** Anglo American completes the demerger of its majority
stake in Anglo American Platinum, which is renamed Valterra
Platinum.
August 2025
** Peabody terminates the agreement for Anglo American's
Australian coal assets.
September 2025
** The miner sells its remaining 19.9% stake in Valterra
Platinum for approximately $2.5 billion.
** Anglo American agrees to a merger with Canada's Teck
Resources ( TECK ), creating a new company called Anglo Teck,
headquartered in Canada with a primary listing in LSE.
(SOURCES: COMPANY WEBSITE, REUTERS STORIES)
(Compiled by DhanushVignesh Babu in Bengaluru; Editing by
Krishna Chandra Eluri)