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Proxy advisory firm ISS recommends shareholders vote in favour of Teck-Anglo deal

  • The Canadian Press

  • Canadian Press

  • November 26, 2025

Teck Resources' Highland Valley Copper Mine is seen in an aerial view near Logan Lake, B.C., on Thursday, Sept. 11, 2025. Teck Resources marked the start of construction on the Highland Valley Copper Mine Life Extension project that will extend the life of Canada's largest copper mine from 2028 to 2046. THE CANADIAN PRESS/Darryl Dyck

VANCOUVER -- A second major proxy advisory service has recommended shareholders vote in favour of the deal to combine Teck Resources Ltd. and Anglo American plc.

Institutional Shareholder Services, Inc. said Wednesday that the arrangement makes strategic sense and that there's additional potential upside through the merger.

The endorsement comes after Glass Lewis & Co. said on Nov. 21 that the combined company would have a stronger financial footing and make it a more resilient producer.

The recommendations come ahead of a special meeting of shareholders on Dec. 9 to decide on the proposal.

The companies have said the deal would create a $70-billion copper mining powerhouse with headquarters and top executives based in Vancouver, though Industry Minister Melanie Joly has said the government is looking to see more benefits to Canada.

The proposal is subject to review under the Investment Canada Act, which can be used to block deals deemed against the national interest.

Jonathan Price, president and CEO of Teck, said in a statement that the recommendations further affirm the company's view that the merger is the best past forward.

This report by was first published Nov. 26, 2025.

Companies in this story: (TSX:TECK.B)