Comparing Robinson And Tintaya

After a decade of high copper prices, major mining companies are renewing their interest in purchasing operating properties and/or developing ore bodies. An existing operation carries with it a history that can present unique opportunities, while a greenfield operation allows for the establishment of a defined culture. Capital investments are distinctly different. A comparison of BHP Copper's Robinson operation, a greenfield property, and BHP Copper's Tintaya operation, a government owned Peruvian property, will provide insights into mining, concentrating and cultural differences between North and South America operations. The Broken Hill Proprietary Co. Ltd. (BHP) is Australia's second-largest company. Fiscal year 1996 sales were US$16 billion, profits were more than US$1 billion and total market capitalization was about US25 billion. In 1885, BHP began mining silver, lead and zinc at Broken Hill, New South Wales, Australia. Throughout its 112-year history, BHP achieved an impressive record of performance and expansion. Today, BHP is one of the world's leading companies (66th on the Standard and Poors 500), having diversified into steel, petroleum and mining with more than 65,000 employees in 70 countries.