(PDF) COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST ...
simulation is used to study the effect of cost uncertainties to the profitability of a project. 2.1 Cost Categorization. In this paper, costs in open pit mines are categorized into four groups: (1) capital costs, (2) operating costs, (3) general and administrative (G&A) costs, and (4) fixed costs.
Mining Cost Service: Free Data for Mine Cost Estimates ...
Mining Cost Model. 5,000 Tonne per Day Open Pit Mine Model. This mine is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes waste per day. The total resource to be mined is 18,715,000 tonnes. Ore is hauled 1,068 meters to an ore stockpile. Waste is hauled 535 meters to a …
A New Cost Model for Estimation of Open Pit Copper Mine ...
In this paper, in order to achieve a reliable cost model, the technical and economic data of 15 open pit porphyry copper mines have been collected. The proposed cost model is developed based on ...
Cost Models of Theoretical Mining Operations | CostMine
This mine is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes waste per day. Rock characteristics for both ore and waste are typical of those of granite or porphyritic material. Operating conditions, wage scales, and unit prices are typical for western U.S. mining operations. All costs listed are in …
cost estimating copper openpit mine - launch-me.nl
Mining Cost Service: Free Data for Mine Cost Estimates . Mining Cost Model. 5,000 Tonne per Day Open Pit Mine Model. This mine is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes waste per day. The total resource to be mined is 18,715,000 tonnes. Ore is hauled 1,068 meters to an ore stockpile. Waste is hauled 535 meters to a waste ...
Mining Cost Estimating Software - CostMine
Equipment Cost Calculator. The Equipment Cost Calculator is an online, interactive tool for calculating CAPITAL COSTS and HOURLY OPERATING COSTS for over 3,000 pieces of equipment commonly found in mines and mills around the world from $500 slusher buckets to $50,000,000 walking draglines.
Estimation of the potential production rate ...
Long and Singer further studied Taylors rule in 2001 and calibrated it to 45 open pit copper mines. The open pit copper model proved to have a curve halfway between the 1998 gold-silver curve and Taylors Rule. This is due to base metal mines having less aggressive production rates than precious metal mines.
Morrison Copper/Gold Project Feasibility Study Volume 4 ...
Mining Operation: Open Pit Life of Mine: 21 years Operation Rate: 10,950,000t/a ore ... Volume 4 – Operating Cost Estimate Copper concentrates are shipped to Asia smelting operations through Stewart Bulk Terminals in Stewart, BC. Molybdenum concentrate will be …
v115n8a17 Parametric estimation of capital costs for ...
Cost estimation in mining According to Hall (2013), there is a lack of general estimates of capital costs for establishing coal mines in South Africa. In a 2008 regression analysis study, the Australian Average Capital Costs (ACC) for developing an open-pit mine were …
CostMine - Industry Standard for Mining Cost Estimating
Industry Standard for Mining Cost Estimating Specializing in Cost Models, Equipment Costs, Labor Costs, Supply Costs, Smelting and Mine Development Costs. Just Published Canadian Mining Salaries Wages and Benefits Survey Results. Mine and Mill Equipment Estimators Guide.
Australia’s gold mines by production, grades and costs ...
May 22, 2019 · Scale, grades, processing costs, open pit vs underground. ... the by-product is quite often copper. As a case in point, a mine that produces 100,000 ounces of gold and 10,000 tonnes of copper per year at a cost of US$1000 per ounce, not including revenues generated from the sale of copper, will have AISCs well below US$1000 per ounce after the ...
Mine Rehabilitation and Closure Cost
Mine Rehabilitation and Closure Cost: A Hidden Business Risk 3 3 S U M M A R Y The accuracy of mine closure and rehabilitation liabilities can have a material impact on the valuation of a mining company. Closing the current generation of very large open pit operations across various commodities will
Bildplatshållare Mine cost drivers - Boliden
Two main types of mines Open pit mining Roughly ten times lower in cost per ton compared to under ground mining Slope stability decide waste/ore ratio With low grades a high production rate is needed Big equipment for high volume production Under ground mining Under ground mines commonly have lower production rate Increased cost to infrastructure and ground support
Estimating Mining Factors (Dilution and Ore Loss) in Open ...
Jan 01, 2007 · The estimation of dilution and ore loss is therefore an essential part of any Ore Reserve estimate or mine schedule. Large open pit mines are driven by the economies of scale that are achieved at the cost of less selectivity in the discrimination of ore and waste.
A Simplified Economic Filter for Open-Pit Mining and Heap ...
Stanley (1994) developed a cost-model for open-pit mining, flotation concentration, and heap-leaching of copper using commercially available mining cost estimating software and mineral processing models of Camm (1991). This stone assesses two methods of cost-modeling for open-pit mining and heap-
ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING COAL …
2.5.5. Parametric estimating techniques 33 2.6. Mining cost indices 35 2.7. Capital intensity 36 2.8. Cost estimation in mining 38 2.9. Capital cost estimation in open pit mines 39 2.10. Concluding remarks 40 3. METHODOLOGY 42 3.1. Chapter overview 42 3.2. Brief description of the parametric cost estimation methodology 42 3.3. Data utilised 44 ...
RANKED: Top 10 lowest cost gold projects on ... - MINING.COM
Dec 19, 2019 · While average production costs at existing gold mines are on ... is a high-grade gold-copper porphyry deposit located in the Halkidiki Peninsula in northern Greece. ... truck and shovel open pit ...
Abstract - USGS
This report contains 2 open pit models, 6 underground mine models, 11 mill models, and cost equations for access roads, power lines, and tailings ponds. In addition, adjustment factors for variation in haulage distances are provided for open pit models and variation in mining depths for underground models.