Cost Estimation Handbook Australian Mining Companies

.Title.Cost estimation handbook for the Australian mining industry /​ compiled by the Sydney Branch of the AusIMM; editors Michael Noakes, Terry Lanz.Also Titled.MinCost 90.Author.Noakes, Michael.Other Authors.Lanz, Terry.Australasian Institute of Mining and Metallurgy. Sydney BranchPublished.Parkville, Vic.: Australasian Institute of Mining and Metallurgy, 1993.Content Types.textCarrier Types.volumePhysical Description.viii, 412 p.: ill.; 31 cm.Series.Part Of.Monograph series (Australasian Institute of Mining and Metallurgy) no:20Subjects.Notes.' MinCost 90'.Includes bibliographical references.Text in French.Other Form.Online version Cost estimation handbook for the Australian mining industry.

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Parkville, Vic.: Australasian Institute of Mining and Metallurgy, ©1993Language.EnglishISBN.Dewey Number.338.230994.338.230094Libraries Australia ID.Contributed by Get this edition. These 28locationsin All:May not be open to the public01981; PULL R 622.003.12 CosBook; IllustratedEnglishNot open to the public01981; 657.47 COSBook; IllustratedEnglishOpen to the public001951; Q 338.230994 COS; ROB; R4Q; KAL; QQ; KAL; QQBook; IllustratedEnglishOpen to the publicPerm. Loan MIN RES.Book; IllustratedEnglishOpen to the public.b11231658; heldBook; IllustratedEnglishOpen to the public622(94) COS.73Book; IllustratedEnglishOpen to the public569173; HeldBook; IllustratedEnglishOpen to the publicBook; IllustratedEnglishOpen to the public02171; TN7.A82/vol 20Book; IllustratedEnglishOpen to the public1751; 338.23 N743C; HA; GENBook; IllustratedEnglishOpen to the public1627317; Nq 338.230094 C837Book; IllustratedEnglishOpen to the publicHeld.

Cost

In feasibility studies and mine planning, accurate and effective tools and methods facilitating cost estimation play an important role. Load–Haul–Dump (LHD) machines are a key loading and haulage equipment in most of the underground metal mines and hard rock tunnels. In this paper, a cost estimation model of these vehicles has been presented in the form of single and multivariable functions. These functions have been provided on the basis of costs types (i.e. Capital and operating costs) and motor types (diesel and electric).

Independent variables, in the single regression analysis is bucket capacity and in Multiple Linear Regression (MLR) analysis include bucket capacity, overall width, overall machine height and horse power (HP). The MLR is conducted in three steps. First, with the help of Principal Component Analysis (PCA), correlation between independent variables is omitted. Thereafter, significant PCs are selected and used as independent variables in the MLR functions. Finally, the cost relationships are established as functions of initial LHD variables. The mean absolute error rates are 11.59% and 6.87% for the single and multiple linear regression functions, respectively.

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Highlights► Adequate estimation of equipment costs is a key factor in feasibility study of mining and tunneling projects. ► Available models are univariates (the role of other effective variables has simply been ignored) and out of date. ► A model was developed for estimating capital and operating cost of Load–Haul–Dump (LHD) machines.

Ausimm Cost Estimation Handbook Pdf

► The regression based model can be considered as an accurate tool in the feasibility study of mining and tunneling projects. Previous article in issue. Next article in issue.