Hide this alert

Industry Standard for Mining Cost Estimating

Free Data & Samples

Examples of Mining Cost Model, Mining Taxes, Smelting, Equipment, Electric Power and Labor Costs

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 rock dump. 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.

Get My Free Cost Model

Mining Equipment Costs

Mining Equipment Fleet - 10,000 tonne per day (ore + waste) open pit mine. The equipment listed here represents a typical suite of equipment for a 10,000 tonne per day (5,000 tpd ore + 5,000 tpd waste) surface mine with a 3,500 ft. ore haul and a 1,800 ft. waste haul. The costs are updated periodically for your reference. Costs are typical U.S. costs in U.S. dollars. They can be adjusted for other economies by adjusting to local unit prices in direct proportion to the unit prices listed here.

Get Fleet's Capital and Operating Costs

Smelting

Mining Cost Service contains the results of our annual surveys of U.S. and Canadian copper, lead, zinc, nickel and molybdenum smelters. Included where available are the current and projected availability of furnace capacity, the types of material accepted, deleterious element limits, metals recovered, and indications of the company's interest in obtaining additional concentrates. Also included is a guide to current charges and terms for smelting and refining of copper, lead, zinc, gold, silver, beryllium, and tungsten.

Learn More

Mining Wages and Benefits

CostMine conducts periodic surveys of compensation practices at coal, metal, industrial mineral, and aggregate mines in Canada , the U.S. , and other locations. The results of these surveys are available in individual reports described in our Labor Compensation Reports section. Abbreviated versions of these reports for Canada and the U.S. also appear in Mining Cost Service. Included in our current surveys are 193 U.S. mines, 53 Canadian mines and 155 exploration offices in 31 countries. The following table briefly summarizes the 2006 survey results for the U.S. metal, industrial mineral and coal mines.

Get My Free Sample of Labor Costs

Electric Power

The following data represent typical charges in $ per kilowatt hour paid by mining companies for electric power in the Rocky Mountain region of the United States and Canada.
The Mining Cost Service Manual contains actual industrial rate schedules for power companies throughout most of North America.

Get Electric Power Costs

Mining Taxes

Mining Cost Service contains explanations and current rates for all of these taxes in the 31 states with significant mining industries as well as for taxes in all the Canadian Provinces. The following table provides a quick reference to the taxes that apply to mining in each of these states.

Learn More

Mining Cost Service Indexes

Don't miss our new MCS Surface and Underground Cost Indexes. Cost indexes provide a means of adjusting outdated cost information for the effects of inflation. They are based on statistical averages of costs for specific items and time periods. Following are the Mining Cost Service composite indexes for surface and underground mining and milling operations. Indexes for specific cost centers, e.g. labor, equipment, transportation, are available by subscription to Mining Cost Service.

Canada-Month

Canada-Annual

United States-Month

United States-Annual

Coal Cost Indexes

Surface and underground coal mining and coal processing. Cost indexes provide a means of adjusting outdated cost information for the effects of inflation. They are based on statistical averages of costs for specific items and time periods. Following are the Mining Cost Service composite indexes for surface and underground mining and milling operations. Indexes for specific cost centers, e.g. labor, equipment, transportation, are available by subscription to Mining Cost Service.

Canada-Month

Canada-Annual

United States-Month

United States-Annual

Ask an expert

Jennifer Leinart has more than 25 years of Mining Cost Estimation Experience.

Email Jennifer today
Jennifer Leinart

Copyright © InfoMine Inc. Developed and maintained by InfoMine Inc. All rights reserved.