Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr
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BHP OUTLOOK COMPANY PROFILE-PAID ADVERTISEMENT Hannay Reels Ideal for Mining Hannay Reels, the world's lead- ing manufacturer of industrial hose and cable reels, offers a wide range of custom design capabilities to produce a variety of heavy-duty models ideally suited to meet the unique needs of mining applications. Used extensively both above and underground, Hannay Reels are the preferred choice for the mining industry due to their durability and dependabil- ity. Each reel is custom- designed and constructed of heavy-gauge steel with exclu- sive features for absorbing pun- ishment, such as ribbed discs, dual-bearing and dual-frame support, and one-piece hub/ axle designs. The BHP Difference Drawing on decades of industry experience, Hannay Reels are designed for a variety of purposes in mining, includ- ing air/water lines, blasting/slurry, communications, electric cable for remote lighting and generators, fire protection, gas/arc welding, hydraulic/pneumatic power tools, refueling, safety lines, service/lube hose for heavy off-road equipment, video inspection, washdown, waste oil excavation, and numerous other purposes. Hannay's superior manufacturing techniques, consistent qual- ity, outstanding service and unmatched value result in the most dependable, best-engineered reels in the mining industry. For more information on Hannay's complete line of reels for the mining industry, please visit www.hannay.com or call 518.797.3791. Designed for the safe dispensing of fuel or waste oil evacuation, the Hannay N800 Series reel features a narrow frame and compact mounting base for use in confined work environments. What sets BHP apart from the other major mining companies is the depth, quality and breadth of its portfolio. Using a new method, Kloppers expressed BHP production in copper equivalent units. "We have plotted our net operating cash flow per ton of cop- per equivalent production against our future capex plans," Kloppers said. "The other diagram considers the cash flow per employee. As can be seen, our portfolio delivers a higher cash mar- gin per ton of copper equivalent production and a higher cash mar- gin per employee, and does so at very competitive levels of capex." Oftentimes BHP is associated with economies of scale, but Kloppers believes that measures such as simplicity, efficiency and profitability are even more important. "Not only does BHP's portfolio deliver tangible value today, the infrastructure and resources embedded in our current portfolio have generated valu- able options for the future. And, sometimes it's what we have not done that has differentiated us," Kloppers said. "We were early to say it's about the upstream, recognizing that the economic rent accrues there. As we move forward, this upstream mantra will continue to be, in an increasing way, reflected in our capital expenditure plans." BHP's focus for new capital for the five commodities and six major basins in which it operates will continue to sharpen. "All of the development options associated with these basins will be scru- tinized throughout the approval process," Kloppers said. "Each option is different. Since we are net long opportunity, not all options will see investments today." With iron ore, Kloppers said the question is not: Can the pro- ject team execute? They have been doing so for 10 years. "In potash, however, where we are a new entrant, we must get it right technically, but the market opportunity is in front of us," Kloppers said. "Making sure that we have all of the up-front engineering in the Jansen project right is of paramount importance. We are not Substantial flexibility to sequence investments The Hannay 2000 Series reel is ideal for hydraulic or gas welding applications and handles temperatures from +20ºF to +400ºF. 1. Includes major projects in execution with budget > US$250 million, subject to finalization. Excludes Onshore US development expenditure. 104 E&MJ; • JUNE 2012 www.e-mj.com