The Financial Post reports in its Wednesday edition that Teck merger partner Anglo American PLC is a U.K.-based multinational and one of the world's largest miners, with a diversified portfolio that includes copper, iron ore, steelmaking coal, nickel, manganese, diamonds and crop nutrients. The Post's Naimul Karim writes that it was founded in 1917 by Ernest Oppenheimer, a South African diamond and gold mining tycoon. The company has operations around the world, such as its copper projects in South America, steelmaking coal mines in Australia, iron ore in South Africa and nickel in Brazil, while it mines diamonds in Botswana, Canada, Namibia and South Africa. Anglo American has been looking to reduce its portfolio by primarily focusing on copper, iron ore and crop nutrients, commodities it describes as "future-enabling products" essential for decarbonizing the global economy and improving living standards and food security. As such, it is in the process of selling its coal and nickel businesses and separating its diamond business, which is run under the De Beers Group. Anglo American owns 85 per cent of De Beers, which produces a third of the world's rough diamonds by value.