cost of machinery for a copper mine

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Jackpot Mining Company operates a copper mine in Montana. The company paid $1,000,000 in 2012 for the mineral rights and spent an additional $100,000 in exploration costs and $500,000 in development costs.

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Two Distinct Set of Factors Drive Mining Cash Costs: The first set of factors relates to the actual costs of inputs: Skilled labor, mining materials, equipment, reagents, structural steel, and everything else that goes into running a mine.

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Typical equipment for crushing to about 20 cm are gyratory and cone crushers. ... mines to achieve low transport costs. The copper recovery efficiency is over 90 %. About 95 % of ... which are stored in large dams near the mine and are used for water recycling to the flotation stages. Separation of special copper ores such as those containing ...

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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.

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The times in which copper miners had to choose between cutting production and sustaining losses seem to be over, as a new study shows the costs of mining for the red metal have steadily declined ...

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Copper mining has become an especially capital intensive industry - the average capital intensity for a new copper mine in 2000 was between US$4,000 - 5,000 to build the capacity to produce a tonne of copper, now capital intensity is north of $10,000/t, on average, for new projects.

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Each of the models is developed from first principles based on typical mining criteria for rock densities, swell factors, drill penetration rates, etc. Industry-standard estimating methods are used for equipment selection, personnel allocation, and cost estimation.

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The mining industry plays a critical role within the South African economy. In 2013, the mining industry contributed 4.9% to the South African Gross Domestic Product (GDP) (Statssa, 2014).

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Copper mining in the United States has been a major industry since the rise of the northern Michigan copper district in the 1840s. In 2017 the United States produced 1.27 million metric tonnes of copper, worth $8 billion, making it the world's fourth largest copper producer, after Chile, China, and Peru .

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Opening a mine and separation plant can cost from $500 million to $1 billion, depending on the location, element, ore grade, and a variety of other factors (Schuler, 2011). Below is an economic feasibility analysis for opening new mines and refineries based on the price of the element (which is driven by demand for that element).

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BREAK-EVEN ANALYSIS OF MINING PROJECT ... 2.3 Surface vs. underground mining costs 5 2.3.1 Mining method costs 6 2.4 Budgeting and cost control 8 2.5 Capital budgeting: methods of appraisal 11 ... 5.2.1.15.1 Mining equipment 40 5.2.1.16 Production plan for surda mines 41

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Felix Mining acquired a copper mine at a total cost of 3,000,000. The mine is expected to produce 6,000,000 tons of copper over its five year useful life. During the first year of operations, 750,000 tons of copper was extracted.

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From primitive, cumbersome mining methods to compact, efficient modern-day equipment, copper mining has become a cost-effective, efficient process. Additionally, today's mining equipment makes it possible to reduce waste and decrease chemical exposure during all phases of the copper mining …

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considered are (1) an empirical model which relates mining costs to mining rates using data from recently developed or proposed copper mines; and (2) the original Camm (1991) models, updated using appropriate cost inflators.

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"The estimated cost function", was used to select the appropriate specification, ..... to mine, crush and concentrate copper ore to produce 1 kg of refined copper in ... indices for machinery, concrete, iron and steel and construction labour prices.

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Increased Copper Cost Curves Prompt : Caesar is a famous mining equipment manufacturer well-known both at home and abroad, major in producing stone crushing equipment, mineral separation equipment, limestone grinding equipment, etc.

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Electrical costs are a small cost component for the open pit mine models and are included in the construction material category. Note that capital costs are expressed in dollars and operating costs in dollars per short ton of material (ore and waste) mined.

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Copper mining's deepening costs crisis ... and 47% of the industry is unprofitable at a 2009 copper price. While costs have been reduced by 8% since the start of 2014, in Q2 2015 cash costs for ...