Teck's QB2 open pit mine in Chile.

Teck Resources Ltd. TECK-B-T is seeking to assuage concerns it might not be able to reach a joint-venture agreement to combine the two giant Chilean copper operations that is a key rationale behind the proposed acquisition of Teck by Anglo-American PLC NGLOY .

Vancouver-based Teck late last month announced it had reached a friendly arrangement with London-based Anglo to be acquired in an all-stock, no premium deal worth about $20-billion.

Both Anglo and Teck have said that by combining Teck’s Quebrada Blanca (QB) copper mine with Anglo’s Collahuasi operation, profits of the new company, called Anglo Teck, could rise by US$1.4-billion a year.

But creating a JV to operate both mines could be tricky as there are multiple other companies involved, oth

See Full Page