mining equipment operating costs

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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OPERATING COST - vimyresources.au

2018-2-28  Operating Cash Costs 52.61 1.11 16.76 11.73 Figure 12.2: Mining Operating Cost Breakdown » Mine surveying; » Grade control; and » Technical support and administration. Table 12.2 and Figure 12.2 show the breakdown of the mining costs over the LOM. Unit mining costs are quoted in wet metric tonnes unless stated otherwise.

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Reducing Total Operating Costs On Mining Equipment

2013-11-14  Mining Equipment. November 14, 2013. Reducing Total Operating Costs On Mining Equipment. Challenge. A leading manufacturer of construction and mining equipment needed to reduce annual costs to remain competitive in its markets. Solution. Utilizing the Helical Program, Helgesen helped the customer realize a 26% savings by employing the following ...

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Prepared for: MeMO 2016 - Reducing Mining Costs and

2020-3-25  Operating Cost -Basis ITH Supply Drill Costs Stope Size –24,000 tonnes Total Drill Footage –6500 metre Drill Tools (bits, steel, hammer, etc.) –(total per stope or foot) - $3.00/ft Equipment Cost –(based on $/hr) $4.00/ft Allowance (10%) –$0.70/ft Total Drill Cost -$7.70/ft or

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Capital Operating Costs - Panoramic Resources

2021-11-17  Capital Costs Pre-production and ramp-up capital costs in the Updated FS (Base Case) are $36M. The ramp-up period is assumed to cover the first three months

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(PDF) COST ESTIMATION FOR OPEN PIT MINES: TACKLING

2021-11-18  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

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The Costs of Owning and Operating Machinery - Peterson ...

The point of this example is that a business has to look at its equipment owning-and-operating costs from a long-term perspective. The business in the example above should have accounted for all the costs; it missed the depreciation, the cost of using money, and the full costs of maintenance and repair.

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How to Calculate Machinery Ownership and Operating

2020-10-13  EC 917,Farm Machinery Costs: Own, Lease, or Custom Hire. Guidelines for Estimating Total Annual Machine Costs Accurate machine costs are necessary for some management decisions. However, obtaining accurate costs of owning and operating machinery often requires considerable time and effort. While better decisions are made from more accurate

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(PDF) Performance Measurement of Mining Equipment

2021-11-19  operating in horizontal tandem mode o f operation in coal mine: A . ... mining comprises up to 60% of the total operational costs in the mining ... of mining

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Caterpillar Performance Handbook - NHERI

2011-4-21  on Owning and Operating Costs. When used with good judgment, it has provided reasonably accurate estimates in the past. Included in the Owning and Operating Section are guidelines, based on working conditions, to assist in estimating consumption of fuel and lubricants, tire life and repair costs for Caterpillar machines. However, what one Handbook

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Prepared for: MeMO 2016 - Reducing Mining Costs and

2020-3-25  Operating Cost -Basis ITH Supply Drill Costs Stope Size –24,000 tonnes Total Drill Footage –6500 metre Drill Tools (bits, steel, hammer, etc.) –(total per stope or foot) - $3.00/ft Equipment Cost –(based on $/hr) $4.00/ft Allowance (10%) –$0.70/ft Total Drill Cost -$7.70/ft or

Read More

Reducing Total Operating Costs On Mining Equipment

2013-11-14  Mining Equipment. November 14, 2013. Reducing Total Operating Costs On Mining Equipment. Challenge. A leading manufacturer of construction and mining equipment needed to reduce annual costs to remain competitive in its markets. Solution. Utilizing the Helical Program, Helgesen helped the customer realize a 26% savings by employing the following ...

Read More

The impact of mining conditions on mechanized mining ...

2011-6-28  contributor to overall mining operational costs) over the equipment life. From an OEM perspective, guaranteeing the cost per hour and ultimately carrying all the risk of early life component failures, the trade-off is a captured parts market share on the contracts and, depending upon performance, increased machine market share. In terms of a ...

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CAPITAL COST ESTIMATE

2018-2-28  MINING PRE-PRODUCTION CAPITAL Costs associated with the pre-production mining prior to Year 1, Month 1 were developed by Mining Plus and are summarised in Table 11.3. These operating costs include a full complement of management and supervision to support the mining operation as soon as it commences. The costs also include the maintenance

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KPMG Mining Operational Excellence Framework

2021-10-7  4 KPMG Mining Operational Excellence Framework Retaining cost leadership Increase in cost of operation due to escalation in raw material cost (e.g., explosive cost, electric power, etc.). Certain costs of operations such as wages, utilities, construction and maintenance costs are quite sensitive to possible general price increases.

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How to Calculate Machinery Ownership and Operating

2020-10-13  EC 917,Farm Machinery Costs: Own, Lease, or Custom Hire. Guidelines for Estimating Total Annual Machine Costs Accurate machine costs are necessary for some management decisions. However, obtaining accurate costs of owning and operating machinery often requires considerable time and effort. While better decisions are made from more accurate

Read More

MINING Equipment List Mining Tools Names +

2019-6-30  An essential indicator in heavy equipment for mining is that they can generate the lowest cost per ton moved, following high safety standards. That is why various manufacturers have been developing continuous improvements in their equipment to provide more and more productivity and efficiency in operating costs.

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(PDF) Performance Measurement of Mining Equipment

2021-11-19  operating in horizontal tandem mode o f operation in coal mine: A . ... mining comprises up to 60% of the total operational costs in the mining ... of mining equipment performance has evolved. ...

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Productivity in mining operations: Reversing the

2015-5-1  A mine that has improved in all four elements of productivity that underpin MPI—labor, capital expenditure, nonlabor operating costs, and production volumes—will move from its starting position (as shown by the dark-blue bubble) into the green

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Caterpillar Performance Handbook - NHERI

2011-4-21  on Owning and Operating Costs. When used with good judgment, it has provided reasonably accurate estimates in the past. Included in the Owning and Operating Section are guidelines, based on working conditions, to assist in estimating consumption of fuel and lubricants, tire life and repair costs for Caterpillar machines. However, what one Handbook

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ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING

2021-3-26  2.2.1. Capital costs 24 2.2.2. Operating costs 25 2.3. Comparison of coal mining sectors by country 26 2.4. Background to cost estimation 27 2.5. Types of cost estimates 30 2.5.1. Detailed estimating technique 30 2.5.2. End product unit technique 31 2.5.3. Physical dimension technique 31 2.5.4. Capacity factored estimates 32 2.5.5.

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The Cost of a Cryptocurrency Mining Setup in 2021

2020-11-16  Thus, the cost of mining a single Bitcoin depends largely on where you live. In 2018, the cost to mine one Bitcoin in the US was $4,758, meanwhile in Venezuela it was just $531 per coin. If you wanted to cross the pond, you would find it was more expensive at $8,402 per coin in the UK and over $13,000 per coin in Belgium.

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How to Calculate Machinery Ownership and Operating

2020-10-13  EC 917,Farm Machinery Costs: Own, Lease, or Custom Hire. Guidelines for Estimating Total Annual Machine Costs Accurate machine costs are necessary for some management decisions. However, obtaining accurate costs of owning and operating machinery often requires considerable time and effort. While better decisions are made from more accurate

Read More

The Costs of Owning and Operating Machinery - Peterson ...

The point of this example is that a business has to look at its equipment owning-and-operating costs from a long-term perspective. The business in the example above should have accounted for all the costs; it missed the depreciation, the cost of using money, and the full costs of maintenance and repair.

Read More

The impact of mining conditions on mechanized mining ...

2011-6-28  contributor to overall mining operational costs) over the equipment life. From an OEM perspective, guaranteeing the cost per hour and ultimately carrying all the risk of early life component failures, the trade-off is a captured parts market share on the contracts and, depending upon performance, increased machine market share. In terms of a ...

Read More

CAPITAL COST ESTIMATE

2018-2-28  MINING PRE-PRODUCTION CAPITAL Costs associated with the pre-production mining prior to Year 1, Month 1 were developed by Mining Plus and are summarised in Table 11.3. These operating costs include a full complement of management and supervision to support the mining operation as soon as it commences. The costs also include the maintenance

Read More

KPMG Mining Operational Excellence Framework

2021-10-7  4 KPMG Mining Operational Excellence Framework Retaining cost leadership Increase in cost of operation due to escalation in raw material cost (e.g., explosive cost, electric power, etc.). Certain costs of operations such as wages, utilities, construction and maintenance costs are quite sensitive to possible general price increases.

Read More

(PDF) Performance Measurement of Mining Equipment

2021-11-19  operating in horizontal tandem mode o f operation in coal mine: A . ... mining comprises up to 60% of the total operational costs in the mining ... of mining equipment performance has evolved. ...

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Equipment Selection for Surface Mining: A Review

2013-7-19  Due to improved e ciencies after maintenance and overhauls, the operating costs of the equip-ment are non-linear functions of the age of the equipment (or equipment utilization) [Figure 4] (Burt et al., 2011). The productivity of equipment also changes over time, usually because of main-tenance, equipment overhauls, size of operating

Read More

Productivity in mining operations: Reversing the

2015-5-1  A mine that has improved in all four elements of productivity that underpin MPI—labor, capital expenditure, nonlabor operating costs, and production volumes—will move from its starting position (as shown by the dark-blue bubble) into the green

Read More