Treatment of Expenditures in Canada | Mining Tax Canada
Expenditures on certain kinds of property ("depreciable property") are the subject of "capital cost allowance" ("CCA"), the tax version of the accounting concept of depreciation. For Canadian tax purposes, depreciable properties are grouped into different classes, with each class having its own separate rate of CCA.
Mine construction cost: how much does it cost to …
The construction of a mine is a very costly project that requires the attraction of significant financial resources, including at an early stage of project development. A brief analysis of the capital expenditures of the top 100 largest mining …
How to Analyze Gold Mining Costs: In-Depth Guide
Operating a gold mining business is a complex and capital-intensive endeavor, with a myriad of expenses to consider. From the cost of mining equipment maintenance to the fuel and energy required for extraction, the financial realities of this industry can be daunting. However, savvy operators must also factor in labor and regulatory compliance, as well as the expenses …
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Capital and Operating Cost Eestimation for Open Pit Mining …
Background information, formulae and a systematic set of procedures for estimating capital and operating costs for open pit mining equipment are presented in this paper. Firstly, equipment capital costs are required. These can be obtained from either suppliers, contractors or from first principles. The equipment is then divided into cost elements. Typically these are fuel and …
Cost Estimation Handbook I for Small Placer Mines
form of mining, section 1 should be thoroughly understood prior to estimating costs. Section 2 contains cost equations that enable the user to estimate capital and operating costs of specific placer techniques. Cost equations are designed to handle the wide variety of conditions commonly found in placer deposits.
Developing a novel artificial intelligence model to estimate …
In mining projects, the capital cost (CC) of mining usually includes two main groups (1) the initial and (2) working capital costs (start-up and stay-in-business capital costs) (Mohutsiwa and Musingwini, 2015). The costs usually focus primarily on infrastructure, equipment, mine-site development, and exploration, keeping the mine running, to ...
Calibre Mining lowers 2024 guidance after Q3 gold production
(Source: Calibre Mining) Valentine Mine construction and capital cost update. Construction at the Valentine gold mine is more than 81 per cent complete as of Sept. 30, 2024, including the completion of the tailings management facility and substantial progress with the carbon-in-leach area tanks, reclaim tunnel and coarse ore stockpile, primary crusher and …
A renewed approach to surface mining cost estimating
Sherpa for Surface Mines has been reinvented as Costmine's Sherpa Surface, an improved, cloud-based mining-cost-estimating application. The transition of this unique application to the web gives anyone with an internet connection, and a need to estimate the capital and operating cost associated with surface mining, instant access to a powerful …
Capital Cost Overrun and Operational Performance in …
Capital cost overruns (CO) have been endemic and significant. EDC has a significant lending portfolio in mining and metals. As a lender, EDC faced the issue which drove the desire to …
OneMine | Comparison Of Estimated Vs. Actual Capital Cost …
INTRODUCTION This paper presents a "case history" of the steps taken to estimate capital and operating costs for a typical porphyry copper concentrator of ±9,070 metric tons (10,000 short tons) per day capacity. The concentrator described herein is hypothetical, but is based on experience and is, in effect, a composite of several actual projects. The numbers used are …
Methodology: Production costs data set
All-in Sustaining Cost (AISC) includes cost items additional to TCC1, with the aim of better-reflecting the full cost of keeping the mine in business. AISC therefore includes: exploration …
Shakespeare Nickel Project Feasibility Study Demonstrates …
The operating costs have been detailed in Table 2, cash costs in Table 3 and the capital costs in Table 4. The operating costs are estimated at $41.18/t ore over the mine life which include the purchase of carbon offsets and financing of the mining fleet with a …
The True Costs of Lithium Extraction: A Grim Reality for EV …
Political turbulence in Afghanistan means the cost of lithium-ion batteries will skyrocket. The Taliban now controls one of the world's largest lithium deposits.With the global demand for lithium (and lithium extraction) expected to grow 40 fold by 2040, the grim reality is dawning for owners of electric vehicles (EVs).Future lithium battery replacements will come at …
Antofagasta raises capital cost estimate for Centinela …
London-listed miner Antofagasta has increased the capital cost for a new concentrator plant at its Centinela mine, in Chile, to $3.7-billion. This is a $1-billion increase on the 2015 ...
A Simplified Economic Filter for Open-Pit Mining and …
A simple approach for a cost-model would be to correlate operating and capital costs with mine capacity. The resulting equations would be easier to use than those of Camm (1991) because mining and processing costs are combined and costs are presented in a
IVANHOE MINES LTD IDOP Technical Report March 2012 …
Customs and VAT costs in the Phase 1 capital estimates have been included in direct costs and shown separately for the remainder. 21.2.1.1 Open Pit Capital Costs The open pit mine capital costs include the following: Heavy mobile equipment (HME) Minor equipment Explosives and diesel Mining software and systems Spare shovel bucket Spare FEL bucket
Mine & Mill Equipment Costs Estimator's Guide, …
This document provides capital and operating cost estimates for equipment for a typical 10,000 tonne per day open pit mine. It lists the estimated capital costs for one hydraulic shovel, one wheel loader, four rear-dump trucks, one rotary drill, …
(PDF) A New Cost Model for Estimation of Open …
This Bureau of Mines publication presents a method for estimating capital and operating costs associated with the exploration, mining, and processing of placer deposits.
Forecasting mining capital cost for open-pit mining projects …
Mining capital cost (MCC) is one of the essential criteria for assessing the feasibility of an open-pit mine (or underground mine). The MCC heavily influences the net present value …
ESTIMATION OF CAPITAL COSTS FOR
2.6. Mining cost indices 35 2.7. Capital intensity 36 2.8. Cost estimation in mining 38 2.9. Capital cost estimation in open pit mines 39 2.10. Concluding remarks 40 3. METHODOLOGY 42 3.1. Chapter overview 42 3.2. Brief description of the parametric cost estimation methodology 42 3.3. Data utilised 44 3.4. Cost estimation formulae 44 3.5.
African Copper Mining Projects 2023 Snapshot
China's MMG Ltd. announced it has closed one of the biggest copper deals of the year to date, agreeing to pay $1.9 billion for a mine in southern Africa.MMG agreed to buy Cuprous Capital Ltd., a private company which owned the Khoemacau operation in Botswana, which has been producing copper since 2021.
SHERPA
The full suite of SHERPA cost estimation software combines engineering-based estimating procedures with cost data from the Mining Cost Service to determine the appropriate capital and operating costs across the entire lifespan of your mining project, from financial evaluation and development through to production, mineral processing, and ...
ESTIMATION OF CAPITAL COSTS FOR
publicly available capital costs. The study further recognised similarities between the South African and Indian coal mining sectors thereby enabling the research to leverage data from the …
Parametric estimation of capital costs for establishing a coal mine …
In a 2008 regression analysis study, the Australian Average Capital Costs (ACC) for developing an open-pit mine were estimated as A$53 million plus A$33 million per 1 Mt/a of coal produced and treatment capacity, while the ACC for an Australian underground mine was estimated as A$37 million plus A$68 million per 1 Mt/a of production and ...
Cost of Ivanhoe's giant copper project in Congo hits $1.3 …
Canada's Ivanhoe Mines (TSX:IVN) said Friday that initial capital costs for its Kakula copper mine in the Democratic Republic of Congo (DRC) is now estimated at $1.3 billion — an 18% increase ...
Capital and operating cost estimating system handbook. Mining …
Manual estimating method through use of equations, factors, and curves for preparation of feasibility type estimates for capital and operating cost of mining and primary benefication in the United States and Canada of various types of minerals occurrences, except fossil fuels, using state-of-the-art technology.
Mining capital cost estimation using Support Vector …
Highly accurate estimation of capital cost becomes crucial and has an undeniable impact on project cash flow, since the mining capital cost is usually huge and expended in the …
Mining Industry
Operating costs: Per ton basis (e.g., $2.50/ton for mining) Capital costs: Includes initial capital (construction of mine) and sustaining capital (ongoing equipment, etc.) Reclamation costs: Takes place at the end of a mine's life; accrued for accounting purposes but not accrued in a cash flow model
Operations & Infrastructure
Capital Cost Estimate. ... The sustaining capital cost estimate for the life of the mine totals $1.7 billion, or $57 per ounce of gold sold. OPERATING COST ESTIMATE. Operating costs at Donlin Gold, estimated in the NI 43-101 …