M&A Deal Summary

Teck Resources Acquires AQM Copper

On November 21, 2016, Teck Resources acquired metals/mining company AQM Copper for 35M CAD

Acquisition Highlights
  • This is Teck Resources’ 1st transaction in the Metals/Mining sector.
  • This is Teck Resources’ largest (disclosed) transaction.
  • This is Teck Resources’ 1st transaction in Canada.
  • This is Teck Resources’ 1st transaction in Ontario.

M&A Deal Summary
Date 2016-11-21
Target AQM Copper
Sector Metals/Mining
Buyer(s) Teck Resources
Deal Type Add-on Acquisition
Deal Value 35M CAD

Target

AQM Copper

Toronto, Ontario, Canada
AQM Copper, Inc. is an advanced exploration-stage mining company focused on its 50% interest in the Zafranal copper / gold porphyry project in southwestern Peru. The company has completed an initial resource estimate on Zafranal, and is currently focused on completing preliminary engineering studies and drilling additional target zones.

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Buyer(S) 1

Buyer

Teck Resources

Vancouver, British Columbia, Canada
Category Company
Founded 1913
Sector Metals/Mining
Employees12,600
Revenue 15.0B CAD (2023)
DESCRIPTION

Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Teck Resources was incorporated in 1913 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Teck Resources - Pond Magnesium and Marysville Magnesium

Vancouve, British Columbia, Canada

Teck Resources Ltd. - Pond Magnesium and Marysville Magnesium assets consists of light drill holes and outlined two mineralized zones (North and South) traced along a strike length of 6.3 kilometers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 Compañia Minera Teck Quebrada Blanca S.A.

Iquique, Chile

Compañia Minera Teck Quebrada Blanca S.A. is an open pit operation, which leaches the ore to produce copper cathodes via processing in an SX-EW plant. Copper cathode is trucked to Iquique for shipment to purchasers. Mine personnel live in a camp facility, and the majority commute from large population centres, including Iquique, Arica and Santiago.

Sell -
Mergr

Product

Company

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