According to reports, the Anglo-American Resource Group is said to be close to reaching a deal to acquire Tech Resources, expected to be the largest mining transaction in more than a decade.

The Anglo-American Resource Group is close to reaching a deal to acquire Canadian Teck Resources, which could be the largest mining deal in over a decade. Just over a year ago, the Anglo-American Resource Group itself faced a takeover. According to sources, the London-listed Anglo-American Resource Group is in deep negotiations for a potential deal to acquire Teck Resources, with the announcement of the transaction possible as early as this week. As the information has not been made public, these sources have requested anonymity. Teck Resources' stock price rose over 20% in after-hours trading in New York. The merger of the two companies will be one of the largest in mining history, signaling the peak of M&A activity among large mining companies in recent years. In the past 12 months, Teck Resources' stock price has fallen by around 20% in Toronto trading, with a market value of approximately 23.7 billion Canadian dollars. During the same period, Anglo-American Resources' stock price has risen by 15% in London trading, with a market value of 26.9 billion pounds. Some sources suggest that Anglo-American Resources is considering primarily paying in stock.