A Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C., on April 26, 2023. Photo by THE CANADIAN PRESS/Darryl Dyck

Anglo American PLC has agreed to acquire Canada’s Teck Resources Ltd. , creating a more than US$50-billion company in one of the biggest mining deals in over a decade.

Anglo will pay 1.3301 shares for each Teck share, in a deal that would represent a 17 per cent premium to the Canadian miner’s closing share price on Monday, according to Bloomberg calculations. But Anglo will also pay its investors a US$4.5-billion special dividend ahead of the combination, meaning that the effective premium would be just one per cent. The companies on Tuesday presented it as a zero-premium transaction.

Anglo’s shares jumped 9.

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