The £53bn merger between Anglo American and Teck Resources represents a union of assets with “extraordinary value,” according to Chile’s state copper producer Codelco. “Chile is consolidating with this agreement a global strategic leadership in copper,” Maximo Pacheco, Codelco’s chairman, told Reuters on Tuesday following the merger announcement. The London-listed Anglo American and Canada’s Teck Resources revealed their tie-up earlier on Tuesday, marking the largest mining sector M&A deal in over a decade. Anglo American operates the Collahuasi mine whilst Teck runs the neighbouring Quebrada Blanca facility, both ... (full story)