Anglo-American PLC is reportedly in talks to buy Teck Resources Ltd. , with the British mining giant potentially poised to take advantage of weakness in the Canadian miner’s share price.

Bloomberg reported on Monday that London-based Anglo is close to reaching a deal to buy Vancouver-based Teck in a mostly stock-based transaction.

Teck and Anglo did not immediately respond to a request for comment.

Both Anglo and Teck have been the target of takeover offers in the past few years with both companies fending off the overtures. BHP Group Ltd. in 2024 offered US$49.1-billion for Anglo but was rebuffed. Anglo opted instead to put significant segments of its business up for sale, and it has since sold off its nickel, platinum group metals, and much of its metallurgical coal business.

Anglo

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