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cost estimating copper open pit mine

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

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

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 (GA) costs

A New Cost Model for Estimation of Open Pit Copper Mine ...

DOI: 10.5829/ije.2019.32.02b.21 Corpus ID: 159321643. A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure @article{Nourali2019ANC, title={A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure}, author={Hamidreza Nourali and M. Osanloo}, journal={International Journal of Engineering, Transactions B: Applications}, year={2019},

Mining Cost Service - Costmine

Mining Cost Service is the industry standard reference for Mining Cost Estimation. This system places cost estimating data at your fingertips with conveniently indexed information to make your cost estimates faster, easier, and more credible. Monthly updates assure that you are working with the most current cost data available.

Generation Mining feasibility defines 13-year open pit ...

Mar 04, 2021  The capital cost estimate accounts for an 18-month construction timeline with a 9-month commissioning and ramp-up. Mining would develop three open

Costmine - Industry Standard for Mining Cost Estimating

I’ve subscribed to Mining Cost Service continuously for more than 12 years which has greatly assisted in the development of my estimating skills as a Mining Consultant. Mining Cost Service continues to be a useful reference on a wide range of topics for early stage mine

COST CALCULATIONS IN MINE PLANNING

The larger and deeper open-pit mines are, the more profitable is the technology of continuous haulage mining systems. Selecting the best method of transport and dumping shall depend upon cost ...

Operating Cost for Miners SRK Consulting

Open Pit Mine Design, Planning, and Engineering ... Mine cost estimation may be done at many levels. At first it may be a simple “back of the envelope” estimation using similar operations to benchmark against. Later it may be decided to use an existing mine that the company owns and factor and compare costs against them.

Abstract - USGS

OPEN PIT MINE MODELS. Two open pit models were developed, a small tonnage and a large tonnage model. The small tonnage model is valid for operations with daily capacities of 500 to 20,000 st/d of material moved (ore and waste). For the large tonnage model, applicable capacities are 20,000 to

A New Cost Model for Estimation of Open Pit Copper Mine ...

DOI: 10.5829/ije.2019.32.02b.21 Corpus ID: 159321643. A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure @article{Nourali2019ANC, title={A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure}, author={Hamidreza Nourali and M. Osanloo}, journal={International Journal of Engineering, Transactions B: Applications}, year={2019},

Generation Mining feasibility defines 13-year open pit ...

Mar 04, 2021  The capital cost estimate accounts for an 18-month construction timeline with a 9-month commissioning and ramp-up. Mining would develop three open

Operating Cost for Miners SRK Consulting

Open Pit Mine Design, Planning, and Engineering ... Mine cost estimation may be done at many levels. At first it may be a simple “back of the envelope” estimation using similar operations to benchmark against. Later it may be decided to use an existing mine that the company owns and factor and compare costs against them.

COST CALCULATIONS IN MINE PLANNING

The larger and deeper open-pit mines are, the more profitable is the technology of continuous haulage mining systems. Selecting the best method of transport and dumping shall depend upon cost ...

Open Pit Mine Financial Model Template eFinancialModels

Jun 09, 2019  Also updated dynamic referencing for cost inputs. This financial model takes into account all the general capital costs, employee wages, and supplies required to operate an open-pit mine and sets them against possible revenue so you can see what annual cash flow/break even scenarios look like.

COSTS AND COST ESTIMATION Chapter - NUBE MINERA

, The number of mine personnel required in open pit mines may be estimated from the following formulas in which Nap is number of open pit personnel and Tp is tons of ore and waste mined daily. Nap = 0.034 TpO.8 for open pit mines in hard rock using shovels and trucks for load-ing and haulage of ore and waste (6.3.14)

Berkeley Pit - Wikipedia

The Berkeley Pit is a former open pit copper mine located in Butte, Montana, United States.It is 1 mi (1,600 m) long by 1 ⁄ 2 mi (800 m) wide with an approximate depth of 1,780 feet (540 m). It is filled to a depth of about 900 feet (270 m) with water that is heavily acidic (2.5 pH level), about the acidity of Coca-Cola, lemon juice, or gastric acid.

Bingham Canyon Mine - Wikipedia

The Bingham Canyon Mine, more commonly known as Kennecott Copper Mine among locals, is an open-pit mining operation extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, in the Oquirrh Mountains.The mine is the largest man-made excavation, and deepest open-pit mine in the world, which is considered to have produced more copper than any other mine in history – more ...

The World's 20 Largest Copper Mines - ThoughtCo

Nov 25, 2019  The Morenci mine in Arizona is the largest copper mine in North America. Operated by Freeport-McMoRan, the mine is jointly owned by the company (72%) and affiliates of the Sumitomo Corporation (28%). Morenci operations began in 1872, underground mining began in 1881, and open-pit mining began in 1937.  

RANKED: Top 10 lowest cost gold projects on ... - MINING.COM

Dec 19, 2019  Positive feasibility study was completed in 2017 with project contemplated as low-cost stand-alone open-pit, heap-leach operation. ... 2.5 billion pounds of copper

Contribution to Cost Estimation in Open Pit: Aggregates ...

Contribution to Cost Estimation in Open Pit: Aggregates Exploitation in Angola Masseu Beatriz Malongue Panzo1 [email protected] Abstract The theme addressed in this thesis Contribution to Cost Estimation in Open Pit: Aggregates Exploitation in Angola arose from the need to estimate capital and operational costs in a simplified way in limestone quarries using expedited methodologies for ...

A simulation-based framework for estimating probable open ...

Nov 20, 2017  For instance, in the case of an open-pit operation, the costs vary with the size of the ultimate pit, its average strip ratio, the mine life and also the greatness of the surrounding mine's facilities (Rahmanpour and Osanloo, 2017). Therefore, the reclamation cost estimator must take into account the pit, waste dump, tailing dam and other mine ...

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 ...

Opening New Mines

For small capacity mines, 40% of the capital cost of the large capacity mine is used based on trends seen in the capital cost calculation for refining. The variable portion of the cost calculation is based on the open pit mining models published by the USGS, which take into account several factors that affect capital expenditures (Camm, 1991).

A New Cost Model for Estimation of Open Pit Copper Mine ...

DOI: 10.5829/ije.2019.32.02b.21 Corpus ID: 159321643. A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure @article{Nourali2019ANC, title={A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure}, author={Hamidreza Nourali and M. Osanloo}, journal={International Journal of Engineering, Transactions B: Applications}, year={2019},

COST CALCULATIONS IN MINE PLANNING

The larger and deeper open-pit mines are, the more profitable is the technology of continuous haulage mining systems. Selecting the best method of transport and dumping shall depend upon cost ...

A simulation-based framework for estimating probable open ...

Nov 20, 2017  For instance, in the case of an open-pit operation, the costs vary with the size of the ultimate pit, its average strip ratio, the mine life and also the greatness of the surrounding mine's facilities (Rahmanpour and Osanloo, 2017). Therefore, the reclamation cost estimator must take into account the pit, waste dump, tailing dam and other mine ...

COSTS AND COST ESTIMATION Chapter - NUBE MINERA

, The number of mine personnel required in open pit mines may be estimated from the following formulas in which Nap is number of open pit personnel and Tp is tons of ore and waste mined daily. Nap = 0.034 TpO.8 for open pit mines in hard rock using shovels and trucks for load-ing and haulage of ore and waste (6.3.14)

Open Pit Mine Financial Model Template eFinancialModels

Jun 09, 2019  Also updated dynamic referencing for cost inputs. This financial model takes into account all the general capital costs, employee wages, and supplies required to operate an open-pit mine and sets them against possible revenue so you can see what annual cash flow/break even scenarios look like.

Opening New Mines

For small capacity mines, 40% of the capital cost of the large capacity mine is used based on trends seen in the capital cost calculation for refining. The variable portion of the cost calculation is based on the open pit mining models published by the USGS, which take into account several factors that affect capital expenditures (Camm, 1991).

pwc.au Productivity and Cost Management

Labour Production Costs Non Labour Production Costs Coal Price PwC Productivity Index - 1995 to 2011 (Base Year = 1995, Base = 1000) which is in large part due to the falling productivity of the mining industry Australia has some of the world’s largest coal reserves, but is struggling with maintaining mining profit margins. Slide 2

Capstone Mining - Pinto Valley Mine

Pinto Valley. Pinto Valley is Capstone’s long-life, multi-generational open pit copper mine. The mine provides unrivalled leverage to copper with growing production through quick payback, high impact projects. Concurrently, Capstone is evaluating Pinto Valley’s long-term growth potential beyond its current mine

These 10 mines will set the copper price for the next ...

In 2014, the current open pit operation produced 340.4kt of fine copper in cathode and copper concentrate and 14.6kt molybdenum, 757t gold, 186.9t silver and 1.0 million tonnes of sulphuric acid at C1 copper cash costs of approximately USD0.90/lb. Current mine reserves stand at 0.902 Bt grading 0.83% copper. The mine operates as an open pit but ...

Chapter 7 Energy Use in the Copper Industry

3 L. L. Gaines,Energy and Material Flows in the Copper Industry, Argonne National Laboratory, prepared forU.S. Department of Energy, December 1980. 4This estimate also includes the lube oil used by the trucks. Diesel Elect Gasoline Nat Gas Other Haul Blast Load Drill Other Figure 7-l. -Open-pit Mine Energy Use 1. 1 r-1 , , 1 1 11 ! i 0 10 ’20 ...

Chuquicamata Copper Mine - Mining Technology Mining

“The Chuquicamata mine is a large open pit copper mine located 1,650km north of Santiago, Chile.” The tunnels will deepen the mine by nearly 787m by the end of production in 2060. The underground mine will be developed at an estimated cost of $4.2bn and

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

Operating Costs, AISC Mining Data Online

Open Pit. Underground. Combined. Direct. Processing. Total. Asset Mine Project CurrencyCode Commodity Cash Costs Total Cash Costs AISC All-in Costs Currency Mining OP Mined UG Mined Blended Op/UG Mined OP Milled UG Milled Blended Op/UG Milled Direct Processing Total Milled..... USD. Gold; 562 /oz; 893 /oz..... USD. Copper; 1.47 /lb ...

Mineral Processing Operating Cost Estimate of Ore Treatment

Mar 17, 2017  Cheap, open-pit mining methods were used, and good extractions were obtained when grinding to only 3 mesh. These, among other factors, made for extremely low-cost operation. The 596,482 tons milled yielded $1.86 per ton at a total cost of $1.18 per ton of which $0.52 was milling cost. COSTS ON THE RAND

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