--- title: "Anglo American, Teck Resources Merger Could Create $56 Billion Mining Giant: Analyst" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/258140471.md" description: "Anglo American's merger with Teck Resources could form a $56 billion mining giant, with projected annual pre-tax synergies of $2.2 billion, according to J.P. Morgan. Analysts estimate a net present value of $7 to $8 billion from these synergies. Anglo's earnings per share may decline by 13% in 2027, with potential improvements if assets are divested. The merger involves a share swap and a $4.5 billion special dividend, with Anglo shareholders owning 62% of the new entity. Key financial forecasts include revenues of $21.8 billion in 2025 and adjusted EBITDA of $6.5 billion." datetime: "2025-09-19T18:47:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/258140471.md) - [en](https://longbridge.com/en/news/258140471.md) - [zh-HK](https://longbridge.com/zh-HK/news/258140471.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/258140471.md) | [English](https://longbridge.com/en/news/258140471.md) # Anglo American, Teck Resources Merger Could Create $56 Billion Mining Giant: Analyst **Anglo American’s** NGLOY planned merger with **Teck Resources** TECK would create a combined company with a pro forma market capitalisation of about $56 billion and targeted annual pre-tax synergies of $2.2 billion, according to J.P. Morgan. The analysts led by **Dominic O’Kane** estimated the pre-tax synergies carry a net present value of $7 to 8 billion, equivalent to 12 to 14% of the group’s size. They said Anglo American’s earnings per share are projected to fall 13% in 2027 and narrow to 5% in 2030 if coal and diamond assets are retained, or to 2% in 2030 if divested. **_Also Read: Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals Giant_** Corporate synergies of $800 million are expected by 2030, with 80% achieved in 2028. Pre-tax synergies of $1.4 billion from integrating the Collahuasi mine are estimated to add $3.5 to 4.0 billion of NPV for Anglo-Teck. The deal will be executed through a share swap of 1.3301 Anglo shares for each Teck share. Anglo will distribute a $4.5 billion special dividend to Anglo plc shareholders. After completion, Anglo shareholders will own 62% of the new group, headquartered in Vancouver with listings in London, Toronto, Johannesburg, and New York. Copper is expected to make up 66% of 2027 EBITDA, rising to 72% if coal and diamonds are sold. Net debt is forecast to peak at $10 billion in 2027, or 0.9 times EBITDA, falling to $6 billion (0.6x) if divestments are completed. Analysts projected Anglo American’s standalone financials as follows: revenue is seen at $21.8 billion in 2025, $20.7 billion in 2026, and $23.2 billion in 2027. Adjusted EBITDA is forecast at $6.5 billion in 2025, $7.1 billion in 2026, and $7.7 billion in 2027. Adjusted net income is expected to be $722 million in 2025, rising to $1.3 billion in 2026 and $1.6 billion in 2027. Adjusted EPS is forecast at 61 cents in 2025, $1.10 in 2026, and $1.34 in 2027, while dividends per share are projected at 21 cents, 19 cents, and 54 cents over the same period. **Price Action**: TECK shares were trading higher by 0.15% to $39.50 at last check Friday. - **_Nil Premium Merger Of Equals Is Strategically Excellent For Anglo, Says Analysts_** _Photo via Shutterstock_ ### 相關股票 - [Anglo American (NGLOY.US)](https://longbridge.com/zh-HK/quote/NGLOY.US.md) - [Teck Resources B (TECK.US)](https://longbridge.com/zh-HK/quote/TECK.US.md) ## 相關資訊與研究 - [Red Canyon Completes Private Placement Financings](https://longbridge.com/zh-HK/news/281227831.md) - [Canada Considering Support for Glencore Copper Smelter, Bloomberg Says, Citing Sources](https://longbridge.com/zh-HK/news/280991892.md) - [Hershey Stock (HSY) Looks Sweeter After Company Promises Return to Classic Reese's](https://longbridge.com/zh-HK/news/281415413.md) - [BUZZ-Copper miners gain as red metal touches two-week high](https://longbridge.com/zh-HK/news/281355807.md) - [American Eagle to Materially Increase 2026 Drill Program, Including Year-Round Drilling | AMEGF Stock News](https://longbridge.com/zh-HK/news/281169325.md)