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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.

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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.

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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.

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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.

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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.

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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.

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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-Annual

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

United States-Month

Reclamation Cost Model new

Model for Cost of Re-contouring.
Re-contouring refers to one of a number of variations of the task of reducing slopes of a stockpile of waste, overburden, tailings, or an abandoned pit wall. These materials are often placed in a way that leaves their side-slopes at or near the angle of repose.

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Reclamation Cost Service Indexes new

The Reclamation Cost Service is our newest product. Reclamation cost indexes are available for United States and Canada. 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. Indexes are derived to address costs encountered in a typical reclamation setting. Reclamation cost indexes are available by subscription to Reclamation Cost Service.

Australia Mining Cost Guide (AMCG) Indexes new

Don’t miss our new Surface and Underground Cost Indexes for Australia. The Australian Mining Cost Guide is identical in organization and structure to the Mining Cost Service for the United States and Canada. It addresses cost experiences for metal and industrial mineral operations. Cost indexes provide a means of adjusting outdated cost information for the effects of inflation. The cost indexes provided for Australia rely on Australia’s statistical data. They are based on statistical averages of costs for specific items and time periods and then updated semi-annually to reflect recent cost experience. Indexes are available by subscription to Australia’s Mining Cost Guide.
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Australia Coal Cost Guide (ACCG) Indexes new

Don’t miss our new Surface and Underground Cost Indexes for Coal Mining in Australia. The Australian Coal Cost Guide is identical in organization and structure to the Coal Cost Guide published for the United States and Canada. Cost indexes provide a means of adjusting outdated cost information for the effects of inflation. The cost indexes provided for Australia rely on Australia’s statistical data. They are based on statistical averages of costs for specific items and time periods and then updated semi-annually to reflect recent cost experience. Indexes are available by subscription to Australia’s Coal Cost Guide.
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Ask an Expert

Jennifer Leinart

A licensed professional geologist and cost estimator leading the CostMine division.
With over 35 years of mining industry experience, from exploration through development and operations, she now specializes in project evaluation, economic analysis, cost estimating and consulting services.

Telephone + 1 509 328 8023

Spokane, WA, United States

Jennifer Leinart