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Anglo - Teck’s operational review and outlook
Anglo American plc ("Anglo American") noted the statement issued by Teck Resources Ltd. ("Teck") relating to the completion of its comprehensive operational review and updated outlook.
Anglo American conducted significant due diligence on Teck ahead of the merger agreement announced on 9 September 2025, which included site visits and extensive engagement on technical, legal, financial and other matters. While the specific outcome of the operational review that Teck has announced was not known at the time, the outcome presented by Teck is broadly consistent with Anglo American's independent due diligence and analysis. On this basis, the overall strategic rationale for the merger and all synergy values and their timing, as outlined in the 9 September merger announcement, remain unchanged.
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