Anglo American to merge with rival Teck in $53bn mining group
1. Anglo American and Teck Resources announce a $53 billion merger. 2. Merger expected to create top global copper producer but may lead to job cuts. 3. Estimated $800 million in annual cost savings anticipated from merger efficiencies. 4. Anglo American maintains primary share listing in London despite headquarters moving to Canada. 5. Both companies demonstrate resilience amid recent takeover attempts and market challenges.