On the afternoon of March 25, Chen Dexin, Chairman of China Minmetals Corporation, met with Jonathan Price, President and Chief Executive Officer of Teck Resources, and his delegation. The two sides held in-depth discussions on further strengthening cooperation. Ian Anderson, Executive Vice President and Chief Commercial Officer of Teck Resources, and Xu Jiqing, Vice President of China Minmetals, were also present.

Chen Dexin welcomed Jonathan Price and his delegation, expressed appreciation for Teck Resources’ longstanding trust and support, and extended congratulations on the company’s progress in pursuing a merger of equals with Anglo American and the proposed establishment of a new entity. He noted that Teck Resources is a globally leading diversified natural resources company, and that China Minmetals attaches great importance to its partnership with Teck. Through years of close collaboration, the two sides have built a relationship characterized by mutual trust and shared benefits.In recent years, both parties have strengthened communication, continuously innovated cooperation models, and achieved notable progress in areas such as non-ferrous metals trading. Looking ahead, he expressed the hope that both sides will further deepen mutual understanding, unlock cooperation potential, and elevate the partnership to a higher level. Building on existing cooperation in base metals such as copper, lead, and zinc, the two sides are encouraged to explore opportunities in resource development and emerging minerals, while enhancing exchanges on community engagement, cost control, ESG management, and comprehensive resource utilization. These efforts will support higher-quality, mutually beneficial development and contribute to the sustainable and stable growth of the global metals and mining industry.

Jonathan Price spoke highly of the achievements of past cooperation and expressed appreciation for China Minmetals’ continued trust and support. He also provided an overview of Teck Resources’ recent business performance and future development plans.He noted that, following the establishment of the new company with Anglo American, synergies and value are expected to be effectively unlocked, delivering a “1+1 > 2” outcome. This will create a broader platform and new opportunities for bilateral cooperation. He expressed the hope that, building on the existing foundation, both sides will further enhance communication, expand the scope and scale of cooperation, diversify collaboration areas, and achieve more mutually beneficial and impactful results, driving the partnership to new milestones.

Representatives from Teck Resources and relevant departments of China Minmetals also attended the meeting.