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Mine equipment cost estimation methods

Apr 13, 2021

Establishing baseline prices for appraisals. The Mine & Mill Equipment Cost Guide covers more than 3,000 items of mobile, portable, and stationary equipment commonly required by mining and milling operations. Select from a full range of sizes and types, with productivity information for many items. View the Full List of Equipment

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  • (PDF) COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST
    (PDF) COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST

    Stebbins S A., Leinart J B: Cost Estimating for Surface Mines, Chapter 4.9, published in SME Mining Engineering Handbook, pp.281-293, Society for Mining, Metallurgy, and Exploration, Inc 2011

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  • Operating Cost for Miners | SRK Consulting
    Operating Cost for Miners | SRK Consulting

    This paper will investigate common methodologies of estimating operating costs for mines and present examples from actual operations and why those methods were selected. It will highlight why some methods are superior to others. Finally, we will explore the potential pit falls in cost estimation that often occur and the opportunities that may

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  • Loading and hauling equipment maintenance cost estimation
    Loading and hauling equipment maintenance cost estimation

    Lanz T, Noakes M. Cost estimation handbook for the Australian mining industry. Parkville: Australasian Institute of Mining and Metallurgy; 1993. Equipment economics, handbook of heavy construction

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  • COST ESTIMATION - University of Oklahoma
    COST ESTIMATION - University of Oklahoma

    Methods For Estimating Capital Investment 3. Percentage of Delivered-Equipment Cost. All items in the direct and indirect cost are evaluated as a percentage of the delivered-equipment cost. (definitive estimate in certain cases, 10% ) See Table 7-8, p. 194 in TBW&S 4. Estimation based on “Lang” factors . Named after Lang (1947)

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  • Process Equipment Cost Estimating by Ratio and
    Process Equipment Cost Estimating by Ratio and

    The equipment cost estimating methods that will be outlined in this course are suitable for use with the first three types of estimates; definitive and detail estimates require formal, firm equipment cost quotations from equipment manufacturers and suppliers

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  • Project Estimation Techniques | Cost Engineering
    Project Estimation Techniques | Cost Engineering

    Equipment factored estimating. An equipment factored estimate is produced by taking the cost of individual types of process equipment, and multiplying it by an installation factor to arrive at the total costs. In practice, this has proven to be quite a useful method since a substantial part of total project costs are made up of equipment

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  • Equipment Sizing and Capital Cost Estimation
    Equipment Sizing and Capital Cost Estimation

    equipment and estimates costs based upon extensive data Performs preliminary mechanical designs Estimates purchase and installation costs, indirect costs, the total capital investment, the engineering-procurement-construction schedule, and profitability analysis Equipment Sizing and Capital Cost Estimation 18 Aspen IPE uses five key steps

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  • 12 Cost Estimating Methods for Project Managers
    12 Cost Estimating Methods for Project Managers

    Apr 29, 2021 In the top-down estimating method, project managers determine the total cost of a project and separate the cost into smaller categories. For example, a nonprofit organization is hosting a gala with an approximate cost of $15,000 overall. The event committee notes decorations cost $2,000, food and drinks cost $7,000 and entertainment costs $6,000

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  • Cost Estimation Methods and Tools in Project Management
    Cost Estimation Methods and Tools in Project Management

    Feb 14, 2018 In this article, we will discuss 5 cost estimation tools and methods in project management. Cost Estimation Process. Estimate Costs is the process of determining costs of each activity including material costs, equipment costs, labor costs, sub-contractor costs as well as determining the indirect costs

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  • Cost Estimation Handbook Australian Mining University
    Cost Estimation Handbook Australian Mining University

    Nov 24, 2021 COST ESTIMATION HANDBOOK FOR SMALL PLACER MINES By Scott A. Stebbins' ABSTRACT This Bureau of Mines publication presents a method for estimating capital and operating costs associated with the exploration, mining, and processing of placer deposits

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  • CAPITAL COST ESTIMATE
    CAPITAL COST ESTIMATE

    Table 11.1: Engineering Development and Cost Estimation Methodology Category Level of Development Cost Estimation Methodology Mining Excavator, shovel and truck fleet sizes derived from mine schedule Ancillary equipment fleet sizes derived from review of active open pit areas across mine schedule Mobile equipment budget pricing

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  • ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING
    ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING

    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

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  • COSTS AND COST ESTIMATION Chapter
    COSTS AND COST ESTIMATION Chapter

    Unlike capital cost estimation, which is based primarily on the size and unique nature of the mine and plant site, estimation of operating costs depends on the assessment of the probability of imperfect coordination of human effort in equipment opera tion and consumption of supplies. To standardize calculations, the majority of the equations

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  • Costmine - Industry Standard for Mining Cost
    Costmine - Industry Standard for Mining Cost

    Mining Cost Service continues to be a useful reference on a wide range of topics for early stage mine planning through to ‘fill the gaps’ on more detailed studies. Mining Cost Service provides an independent source for information on equipment, quantities and cost for a significant number of mining methods and range of production rates

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  • Cost estimation handbook for small placer mines
    Cost estimation handbook for small placer mines

    CONTENTS Abstract 1 Introduction 2 Acknowledgments 2 Section1.—PlacerMineDesign Exploration 3 Panning 4 Churndrilling 4 Bucketdrilling 4 Rotarydrilling 5 Trenching 5 Seismicsurveys 5 Mining 5 Backhoes(hydraulicexcavators) 6 Bulldozers 6

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