156 UTAH INTERNATIONAL: A BIOGRAPHY OF A BUSINESS Ge Jom James ftom GX eats {gest Fomomn Hepat state conten # lic les ama Assistant Secretary of State Harry C. McPherson (left) honors Charles W. Robinson, president of the Marcona Mining Company, for developing the private Institute Peruano De Fomento Educativo. company pledged to invest $22 million in the project, to increase its annual production to a minimum of two million tons (thus increasing Lima’s income from the 7 percent royalty agreement of 1953), and to construct a new port facility at San Nicholas. Its designers conceived the San Nicholas facility as a self-contained operation, capable of performing a variety of beneficiation tasks. A five-stage construction program began July 5, 1960, and by the late summer of 1962 the first three stages reached completion. They included the San Nicholas dock and auxiliary port works, crushing and screening plants, washing and magnetic separation plants, a heavy-media separation plant, product storage facilities, and the world’s longest conveyor system. Then workers finished the next two stages—additional crushing facilities, a pelletizing plant, and a steam-generated power plant at San Nicholas. Company officials and Peruvian government representatives, including President Manuel Prado Ugarteche, formally inaugurated the new