SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]      Quarterly  Report Under Section 13 or 15(d) of the Securities  Exchange
         Act of 1934

                        For Quarter Ended: March 31, 2001

                                       OR

[]       Transition  Report  Pursuant  to Section 13 or 15(d) of the  Securities
         Exchange Act of 1934

                          Commission File No.000-31549

                           BINGHAM CANYON CORPORATION
             (Exact name of registrant as specified in its charter)

       Nevada                                             51-0292843
State of incorporation)                     (I.R.S. Employer Identification No.)

                          #584, 3353 South Main Street
                           Salt Lake City, Utah 84115
                                 (801) 323-2395
              (Address and telephone number of principal executive
                    offices and principal place of business)



         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes [ X ] No [ ]

         As of April 18, 2001, the  Registrant had a total of 17,000,000  shares
of common stock issued and outstanding.




                                        1

<PAGE>



                          PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS


                                        2

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                                 BALANCE SHEETS





<TABLE>
<CAPTION>
                                                                                    March 31,       December 31,
                                                                                      2001              2000
                                                                                  -------------    -------------
                                                                                   (Unaudited)     (Audited)
     ASSETS
CURRENT ASSETS
<S>                                                                               <C>              <C>
   Cash in bank                                                                   $           0    $           0
                                                                                  -------------    -------------

                                                                                  $           0    $           0
                                                                                  =============    =============

     LIABILITIES & EQUITY (DEFICIT)
CURRENT LIABILITIES
   Accounts payable - related party (Note 4)                                      $      27,000    $      27,000
                                                                                  -------------    -------------

                                                    TOTAL CURRENT LIABILITIES            27,000           27,000

STOCKHOLDERS' EQUITY (DEFICIT)
     Common Stock $.001 par value:
     Authorized - 100,000,000 shares
     Issued and outstanding 17,000,000 shares                                            17,000           17,000
     Deficit accumulated during the development stage                                   (44,000)         (44,000)
                                                                                  -------------    -------------

                                         TOTAL STOCKHOLDERS' EQUITY (DEFICIT)           (27,000)         (27,000)
                                                                                  -------------    -------------

                                                                                  $           0    $           0
                                                                                  =============    =============
</TABLE>

See Notes to Financial Statements.

                                        3

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS


<TABLE>
<CAPTION>
                                                                                                     2/27/86
                                                                    Three Months Ended              (Date of
                                                                         March 31,                inception) to
                                                                   2001             2000            3/31/2001
                                                              -------------     -------------  -----------------
<S>                                                           <C>               <C>            <C>
Net sales                                                     $           0     $           0  $               0
Cost of sales                                                             0                 0                  0
                                                              -------------     -------------  -----------------

                                              GROSS PROFIT                0                 0                  0

General & administrative expenses                                         0                 0             44,000
                                                              -------------     -------------  -----------------

                                                  NET LOSS    $           0     $           0  $         (44,000)
                                                              =============     =============  =================

Basic and Diluted Loss per Share
   Net loss                                                   $        .000     $        .000
                                                              =============     =============

Weighted average number of common shares                         17,000,000        17,000,000
                                                              =============     =============
</TABLE>




See Notes to Financial Statements.

                                        4

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                                                     2/27/86
                                                                    Three Months Ended              (Date of
                                                                         March 31,                inception) to
                                                                   2001             2000            3/31/2001
                                                              -------------     -------------  -----------------
OPERATING ACTIVITIES
<S>                                                           <C>               <C>            <C>
   Net income (loss)                                          $           0     $           0  $         (44,000)
   Adjustments to reconcile net income (loss) to
     cash used by operating activities:
       Amortization                                                       0                 0             17,000
       Accounts payable - related party                                   0                 0             27,000
                                                              -------------     -------------  -----------------

                                          NET CASH USED BY
                                      OPERATING ACTIVITIES                0                 0                  0

INVESTING ACTIVITIES
   Organization costs                                                     0                 0            (17,000)
                                                              -------------     -------------  -----------------

                                      NET CASH REQUIRED BY
                                      INVESTING ACTIVITIES                0                 0            (17,000)

FINANCING ACTIVITIES
   Proceeds from sale of common stock                                     0                 0             17,000
                                                              -------------     -------------  -----------------

                                      NET CASH PROVIDED BY
                                      FINANCING ACTIVITIES                0                 0             17,000
                                                              -------------     -------------  -----------------

                                          INCREASE IN CASH
                                      AND CASH EQUIVALENTS                0                 0                  0

   Cash and cash equivalents at beginning of period                       0                 0                  0
                                                              -------------     -------------  -----------------

                                   CASH & CASH EQUIVALENTS
                                          AT END OF PERIOD    $           0     $           0  $               0
                                                              =============     =============  =================

</TABLE>



See Notes to Financial Statements.

                                        5

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2000


NOTE 1:       SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

              a.    Basis of Presentation

                    The accompanying  financial statements have been prepared in
                    accordance  with generally  accepted  accounting  principles
                    ("GAAP")  for interim  financial  information.  Accordingly,
                    they do not include  all of the  information  and  footnotes
                    required  by  generally  accepted  auditing  principles  for
                    complete  financial  statements.   The  unaudited  financial
                    statements  should,  therefore,  be read in conjunction with
                    the financial  statements and notes thereto in the Report on
                    Form 10-KSB for the year ended  December  31,  2000.  In the
                    opinion of management, all adjustments (consisting of normal
                    and recurring  adjustments)  considered necessary for a fair
                    presentation,  have been included. The results of operations
                    for the three  month  period  ended  March 31,  2001 are not
                    necessarily  indicative  of the results that may be expected
                    for the entire fiscal year.

              b.    Organization & Consolidation Policy

                    Bingham  Canyon   Corporation   (the   Company),   a  Nevada
                    corporation,  was incorporated on August 19, 1998. On August
                    26,   1999,   the  Company   merged  with   Bingham   Canyon
                    Corporation,  a Delaware corporation  ("Bingham  Delaware").
                    The Company is the surviving corporation.

                    Bingham   Delaware  was  Incorporated  as  Hystar  Aerospace
                    Marketing  Corporation  of Delaware on February  27, 1986 to
                    lease,  sell,  and market  airships and the Burkett  Mill, a
                    waste  milling  device,  which rights were acquired from VIP
                    Worldnet,   Inc.,   initially  the  only  shareholder.   The
                    technology  to further  develop  the airship and the mill by
                    the parent  company  proved to be  prohibitive,  and shortly
                    after  the  acquisition  of  the  marketing  rights  further
                    activity  ceased.  Bingham  Delaware has been inactive since
                    that date.

                    The  merger was  recorded  under the  pooling  of  interests
                    method of  accounting.  Each share of the  Company  remained
                    outstanding  as one fully paid and  non-assessable  share of
                    capital stock of the surviving corporation.

                    The accompanying  financial statements present the financial
                    condition and results of operations of Bingham Delaware from
                    its  inception  through the merger date and of the surviving
                    entity, the Company, as of the merger date.

              c.    Recognition of Revenue

                    The  Company  recognizes income  and  expense on the accrual
                    basis of accounting.

              d.    Net Loss Per Share

                    Basic and diluted loss per share is computed by dividing net
                    loss  available  to  common  stockholders  by  the  weighted
                    average  number  of common  shares  outstanding  during  the
                    periods presented. The Company's diluted loss per share does
                    not include any common stock equivalents, as their effect is
                    antidilutive.


                                        6

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (continued)
                                 March 31, 2000


NOTE 1:       SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (continued)

              e.    Cash and Cash Equivalents

                    The Company  considers  all highly liquid  investments  with
                    maturities of three months or less to be cash equivalents.

              f.    Provision for Income Taxes

                    The Company records the income tax effect of transactions in
                    the  same  year  that  the   transactions   enter  into  the
                    determination of income, regardless of when the transactions
                    are recognized for tax purposes. Tax credits are recorded in
                    the year  realized.  Since the Company has not yet  realized
                    income  as of the  date of this  report,  no  provision  for
                    income taxes has been made.

                    In February,  1992, the Financial Accounting Standards Board
                    adopted Statement of Financial Accounting Standards No. 109,
                    Accounting for Income Taxes, which supersedes  substantially
                    all existing  authoritative  literature  for  accounting for
                    income  taxes  and  requires  deferred  tax  balances  to be
                    adjusted  to  reflect  the tax  rates in effect  when  those
                    amounts are expected to become  payable or  refundable.  The
                    Statement was applied in the Company's financial  statements
                    for the fiscal year commencing January 1, 1993.

                    No provision  for income taxes have been recorded due to net
                    operating loss carryforwards  totaling approximately $44,000
                    that will be offset against future taxable income. These NOL
                    carryforwards  begin  to  expire  in the year  2001.  No tax
                    benefit  has  been  reported  in  the  financial  statements
                    because  the  Company  believes  there  is a 50% or  greater
                    chance the carryforwards will expire unused.

              g.    Use of Estimates

                    The  preparation of financial  statements in conformity with
                    generally accepted accounting principles requires management
                    to make estimates and  assumptions  that affect the reported
                    amounts  of  assets  and   liabilities   and  disclosure  of
                    contingent  assets  and  liabilities  at  the  date  of  the
                    financial statement and the reported amounts of revenues and
                    expenses during the reporting  period.  Actual results could
                    differ from those estimates.

              h.    Dividend Policy

                    The Company has not yet adopted any policy regarding payment
                    of dividends.

              i.    Organization Costs

                    The Company  amortized  its  organization  costs over a five
                    year period.


                                        7

<PAGE>



                           BINGHAM CANYON CORPORATION
                          (A Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (continued)
                                 March 31, 2000


NOTE 2:       GOING CONCERN

              The accompanying  financial statements have been prepared assuming
              that the Company will continue as a going concern. The Company has
              no assets  and has had  recurring  operating  losses  for the past
              several  years  and  is  dependent   upon  financing  to  continue
              operations.   The   financial   statements   do  not  include  any
              adjustments   that  might   result   from  the   outcome  of  this
              uncertainty.  It is management's plan to find an operating company
              to merge with, thus creating necessary operating revenue.

NOTE 3:       CAPITALIZATION

              In 1986, the Company issued  17,000,000 shares of common stock for
              the marketing rights to a waste milling device.  The value of this
              issuance was $17,000.

NOTE 4:       RELATED PARTY TRANSACTIONS

              During the year ended  December  31,  1999,  the Company  incurred
              $27,000 of  professional  fees payable to Mutual Ventures Corp. An
              officer of the  Company  is also an  employee  of Mutual  Ventures
              Corp.

NOTE 5:       DEVELOPMENT STAGE COMPANY

              The Company is a development stage company as defined in Financial
              Accounting  Standards Board  Statement No. 7. It is  concentrating
              substantially  all of its efforts in raising capital and searching
              for a  business  operation  with  which to  merge,  or  assets  to
              acquire, in order to generate significant operations.




                                        8

<PAGE>



         In this report  references to "Bingham  Canyon,"  "we," "us," and "our"
refer to Bingham Canyon Corporation.

                           Forward Looking Statements
         This form 10-QSB contains certain forward-looking statements within the
meaning  of the  Private  Securities  Litigation  Reform  Act of 1995.  For this
purpose any statements  contained in this Form 10-QSB that are not statements of
historical fact may be deemed to be forward-looking statements. Without limiting
the foregoing,  words such as "may," "will," "expect," "believe,"  "anticipate,"
"estimate"  or "continue"  or  comparable  terminology  are intended to identify
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, and actual results may differ materially depending on a
variety of factors, many of which are not within Bingham Canyon's control. These
factors include but are not limited to economic conditions  generally and in the
industries  which Bingham  Canyon may  participate;  competition  within Bingham
Canyon's  chosen market and failure by Bingham  Canyon to  successfully  develop
business relationships.

ITEM 2:   PLAN OF OPERATIONS

         We are a development  stage company with no assets and recurring losses
from inception and are dependent upon financing to continue operations.  For the
year ended  December 31, 2000 and the three months ended March 31, 2001,  we had
no cash on hand and total  current  liabilities  of $27,000.  The  $27,000  note
payable is for legal and accounting fees incurred during 1999 which were paid on
our behalf by a related party.

         We have no material  commitments for the next twelve months. We believe
that our current  cash needs for at least the next  twelve  months can be met by
loans from our directors,  officers and shareholders  based on understandings we
have with these persons. However, these understandings are not formal agreements
and therefore these persons are not obligated to provide funds. We may repay any
loans,  costs of services and  advancements  with cash, if available,  or we may
convert them into common stock.

         Our management intends to actively pursue business opportunities during
the next twelve months. All risks inherent in new and inexperienced  enterprises
are  inherent in our  business.  We have not made a formal study of the economic
potential of any business.  At the present, we have not identified any assets or
business opportunities for acquisition.  If we obtain a business opportunity, it
may be necessary  to raise  additional  capital,  which may be  accomplished  by
selling our common stock.

         Based  on  current  economic  and  regulatory  conditions,   management
believes that it is possible, if not probable,  for a company like ours, without
many assets or liabilities,  to negotiate a merger or acquisition  with a viable
private company.  The opportunity arises  principally  because of the high legal
and  accounting  fees and the length of time  associated  with the  registration
process of "going public." However, should any of these conditions change, it is
very possible that there would be little or no economic  value for anyone taking
over control of Bingham Canyon.

         Potential  investors must recognize that because of our limited capital
available for  investigation  and  management's  limited  experience in business
analysis we may not  discover or  adequately  evaluate  adverse  facts about the
business  opportunity  to be  acquired.  Also,  we  intend  to  concentrate  our
acquisition   efforts  on  properties  or  businesses  that  we  believe  to  be
undervalued  or that we believe may  realize a  substantial  benefit  from being
publicly owned.  Investors should expect that any acquisition candidate may have
little or no operating history, or a history of losses or low profitability.

         It is emphasized that our management may effect  transactions  having a
potentially  adverse impact upon our shareholders  pursuant to the authority and
discretion of our  management to complete  acquisitions  without  submitting any
proposal to the stockholders for their consideration.

         Should a merger or acquisition prove unsuccessful,  it is possible that
we may decide not to pursue  further  acquisition  activities and management may
abandon its activities and our shares would become worthless.

                           PART II: OTHER INFORMATION

ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits.
     --------

         None

(b)  Reports on Form 8-K.
     -------------------

         None.


                                        9

<PAGE>


                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned who is duly authorized.



Date  April 18, 2001               Bingham Canyon Corporation


                                   By: /s/ Brett D. Mayer
                                       Brett D. Mayer, President and Director

                                       10