Stebbins i 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. Companies, mining schools and government agencies worldwide rely on twovolume, 1,000 looseleaf page mining cost service to help them. The ausimms monograph 27, cost estimation handbook second edition 2012 provides a set of standards which may become more widely used. Cost estimation cost indexes present costoriginal cost at time t marshall and swift. Price new from used from hardcover, january 1, 2012. Cost estimation handbook for the australian mining industry ausimm monograph 20, 1993 and subsequently updated as. To change the scope of a project during the construction phase can be exceedingly. More than just a revision, this volume includes substantially new material of relevance to the mining and metallurgical industries in the 21st century. Its not something everyone with just some cost engineering expertise can do.
Cost estimation can also be regarded as a process used to predict the uncertainty of future costs. Efficient and accurate estimates for mining endeavours. Table of contents introductionintroduction costs of miningcosts of mining prices of mineralsprices of minerals risk analysisrisk analysis. An introduction to the mineral consultants handbook ausimm. Rehabilitation cost estimation tool handbook mining act 1992 and petroleum onshore act 1991 1 contents 1 introduction2 1. Sherpa combines engineeringbased estimating procedures with cost data from costmines mining cost service to determine the pertinent capital and operating costs associated with surface development and mining. Download handbook construction cost estimating pdf. Cost estimating relationship cer development handbook. Cost estimation handbook for the australian mining. Guidance for calculating capital indirect costs for mine. Supt of docs no i 28 27 9170 i hydraulic mining costs. Industrystandard estimating methods are used for equipment selection, personnel allocation, and cost estimation. Background to cost estimation cost estimation can be defined as a predictive process used to quantify cost and price the resources required by the scope of. There is no international agreement on the terminology for each stage of feasibility study and there is no agreed standard for quality or accuracy.
Cost estimation handbook for small placer mines alaska division. Our strong cost management capability allows us to be a close business partner across all capital investment. Standardized reclamation cost estimator srce nevada standardized reclamation cost estimator and cost data file. Chapter 3 costestimation techniques whenever an engineering economic analysis is performed for a major capital investment, the costestimating effort for that analysis should be an integral part of a comprehensive planning and design process requiring the active participation of not only engineering designers but also personnel from marketing, manufacturing. Costmine industry standard for mining cost estimating. Sme mining engineering handbook 3rd edition knovel. Two main types of mines open pit mining roughly ten times lower in cost per ton compared to under ground mining slope stability decide wasteore 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. Pdf this article presents cost models for open pit mines, which takes into. Background to cost estimation cost estimation can be defined as a predictive process used to quantify cost and price the resources required by the scope of an investment option, activity, or project leo and knotowicz, 2005. Sherpa for surface mines is an innovative, engineeringbased software system that helps you estimate the costs of openpit mining. The cost skip directly to site content skip directly to page options skip directly to az link skip directly to az link skip directly to az link. Cost models of theoretical mining operations costmine. Several of these studies and results are contained in the fixed capital cost estimation chapter of perrys handbook 7. The report presents a method for estimating capital and operating costs associated with the exploration, mining, and processing of placer deposits.
Each of the models is developed from first principles based on typical mining criteria for rock densities, swell factors, drill penetration rates, etc. Download handbook construction cost estimating pdf quantity take off qto estimating handbook pdf the association for the advancement of cost engineering aace international publishes cost engineering community recommended practices. Multiple copies of this title were digitized from the library of congress and are available via the internet archive. On the base of projects classification offered by the canadian institute of mining, metallurgy and oil cim, baurens described the conformity of income, market and cost approaches to three types of projects, which significantly differ by. Reliable cost estimation will mitigate your operational and financial risk as you build or expand your metallurgical plant. Pwc improving productivity is the talk of the town. The handbook addresses topics such as corporate strategy, leadership, operations management and world markets for minerals. Unit mining costs are quoted in wet metric tonnes unless stated otherwise. Supt of docs no i 28 27 9170 i hydraulic miningcosts.
Pdf on jun 14, 20, phongpat sontamino and others published a system dynamics model of mining cost estimation find, read and cite all the research you need on researchgate. Inibrmatlon crcular united states bureau of mtnesl. The objectives of this cost estimating handbook are to provide the information to. Jan 01, 2012 cost estimation handbook monograph 27 the australian institute of mining and metallurgy on. In literature, there is no published study for the estimation of drilling, well completion and well testing costs of geothermal wells in turkey. Mining costs and prices of mineralsmining costs and prices of minerals submitted for.
The choice of estimation method is conditioned by the valuation aim and the. Cost estimating requirements handbook national park service february, 2011. Preparing and presenting cost estimates for projects and. The new mexico mining and minerals division mmd is providing this.
Slide 2 pwc asia school of mines 2012 november 2012. Placerminedesign exploration 3 panning 4 churndrilling 4 bucketdrilling 4 rotarydrilling 5 trenching 5 seismicsurveys 5 mining 5 backhoeshydraulicexcavators 6 bulldozers 6. Feasibility studies for mining projects ausimm bulletin. Cost estimating requirements handbook, february 2011.
Bureau of mines cost estimating system handbook by united states. Ahmed mohamed wassel mohamed abdel nabi essa mahmoud mustafa khallaf 2. Nioshtic2 publications search 5989 bureau of mines. Cost estimation handbook for small placer mines by scott a. For over 80 years, arcadis has provided high quality cost management solutions to its clients in asia. Thirdly, the drilling experience in turkey resulted in a competitive market which resulted in more optimized wells with minimum drilling times. The operating cost estimate makes use of pricing obtained from the capital cost estimate wherever practical.
Cost estimation handbook for the australian mining industry by. Cost estimation handbook for small placer mines tlnformation circular bureau of 5ltnes. Contents abstract 1 introduction 2 acknowledgments 2 section1. Combining a wealth of knowledge from more than 50 contributors, the mineral consultants handbook mch provides useful and practical advice on a range of relevant topics for those working as, or considering becoming, a minerals consultant. The handbook is a notforprofit publication intended to help the mining companies we serve, as well as the. Cost estimation in mining according to hall 20, there is a lack of general estimates of capital costs for establishing coal mines in south africa. Full text of bureau of mines cost estimating system handbook. Cost estimation handbook monograph 27 hardcover january 1, 2012 by the australian institute of mining and metallurgy author see all formats and editions hide other formats and editions. Mineral exploration and development, in which mineral deposits are identified, evaluated, and prepared for mining. Cost estimation handbook for small placer mines alaska division,ative cost. The nevada standardized reclamation cost estimator version 1. In 20 india forecast a production increase of 3%, compared to only a 2% increase in south africa.
Written by experts from industry, consulting firms and academia, it will be of great value to corporate executives, directors of mining companies, students and, indeed, to all those wishing to understand the industry. Material properties graphs 0 click to view available graphs in the resource. This calculator will allow equipment estimates in locales outside north america. Some of the mining areas where our clients have implemented costos today include precious metals, base metals concentrators, hydrometallurgy, iron ore, uranium, rare earths, coal, and a wide range of other commodities. Pdf a system dynamics model of mining cost estimation. This handbook provides a variety of statistical techniques to help equip the. Drilling and well completion cost analysis for geothermal. Morrison coppergold project feasibility study volume 4. Cost estimating handbook december 2002 forest service, southwest region v bureau of land management, nstc acronyms and abbreviations acbms asbestos containing building materials. One of ausimms most popular publications, the second edition of the cost estimation handbook sets out useful techniques for capital and operating cost estimation in the minerals industry.
The handbook provides a convenient costing procedure based on the summation of the costs for the unit processes required in any particular mining or mineral processing operation. In a 2008 regression analysis study, the australian average capital costs acc for developing an openpit mine were. Its mission is to provide and support safe, reliable, and costeffective transportation options to improve livable communities and. The ausimms monograph 27, cost estimation handbook second edition 2012 provides a set of standards that may become more widely used. We do realize the mining industry has quite specific needs when it comes to cost estimating and project control due to the nature and locations of its projects. The handbook is intended to sit comfortably alongside three other monographs.
Surveys of many studies reported by rl bullock in 2011 reveal. This cost estimation guidance is based upon the costs of a third party to perform the reclamation. Field geologists manual ausimm monograph 9, 1976 and later reprintings. This handbook is intended to tailor and apply similar policies and practices to support the unique needs of the capital improvement and construction programs within the national park service. Download handbook construction cost estimating pdf quantity. Some of the mining areas where our clients have implemented costos today include precious metals, base metals concentrators, hydrometallurgy, iron ore, uranium, rare earths, coal, and a. Mining costos today offers a unique solution to the mining sector. It should be noted that the low unit mining cost is. The higher mining costs in india are driven mainly by low labour productivity. Subsequently, it was noted that few provisions were made for estimating the costs of smallscale mining and milling methods typically associated with placer mining. Technical and administrative requirements are presented for the development, preparation, documentation and submittal of construction cost estimates during. Evolution of cost estimates during the project life cycle. Full text of bureau of mines cost estimating system handbook see other formats. Cost estimation handbook for the australian mining industry compiled by the sydney branch of the ausimm.
These are at the time of writing, and in order of publication. The methodology outlined in this guide is a compilation of best practices that federal cost estimating organizations and industry use to. Alibris has cost estimation handbook for the australian mining industry and other books by michael noakes, terry lanz, australasian institute of mining and metallurgy. Mineral exploration and development are the first stage in the process of mineral supply. Cost estimation handbook for the australian mining industry. The applicants calculated cost estimate for the postexploration or postmining site reclamation will be considered by the director for determining the amount of fa the applicant is required to post prior to receiving approval for any operations.
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