Estimating Costs for Mining Prefeasibility Studies

Content
15 modules

Rating

Course Length
15 hours

Instructor
Edumine Courses

Released
10 Oct 2019

Price
$449.00

Description

If you are an exploration geologist, a mining engineer, a metallurgist, a mine accountant, or a practitioner of any of a number of other mining-related specialties, at some time you will be asked to do a cost estimate. Mining is an economic endeavor, and, after safety, the cost of mining and its related processes is one of the most important considerations in that endeavor.

This course introduces you to the methodologies of mining cost estimating, and prepares you to complete a credible estimate. The course focuses on itemized cost estimating methods in the context of a mine plan. It covers the costs of excavating, loading, hauling, drilling and auxiliary equipment as well as the costs of supply, personnel, stripping and other requirements.

This is a premium course which has been peer-reviewed by a committee appointed by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Society for Mining, Metallurgy and Exploration (SME).

Authors

  • Otto Schumacher

 

Duration: 15 Hours
Access: 90 Days
Category: Financial
Level: Specialize
Version Date: July 29, 2015


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Objectives

Course Content

The course is presented in seven parts:

  • Part 1 - Introduction to Cost Estimating
  • Part 2 - Itemized Cost Estimation: Planning
  • Part 3 - Itemized Cost Estimating: Equipment
  • Part 4 - Itemized Cost Estimating: Auxiliary Equipment and Supply
  • Part 5 - Itemized Cost Estimating: Requirements and Costs
  • Part 6 - Useful Techniques
  • Part 7 - Other Cost Estimating Methods

The course comprises 23 viewing sessions of 30 - 60 minutes each, plus seven reviews of multiple choice questions. Estimated course duration is equivalent to approximately 15 hours of learning content.

Learning Outcomes

  • Identify and discuss the itemized cost estimating method, and other methods, as they pertain to excavating, loading, hauling, drilling and auxiliary equipment as well as the costs of supply, personnel, stripping and other requirements.
  • Prepare a credible cost estimate based on a mine plan and the itemized cost estimating method.

Recommended Background

  • A degree or diploma in a mining-related discipline and and direct experience and knowledge of the mining process.

Certificate

By completing/passing this course, you will attain the certificate Edumine Certification

Learning Credits

CEU
1.5
PDH
15.0
1
Table of contents
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Module 1: Introduction to Cost Estimating
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Knowledge Check - Module 1: Introduction to Cost Estimating
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4
Module 2: Itemized Cost Estimation: Planning
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Knowledge Check - Module 2: Itemized Cost Estimation: Planning
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Module 3: Itemized Cost Estimating: Equipment
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Knowledge Check - Module 3: Itemized Cost Estimating: Equipment
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Module 4: Itemized Cost Estimating: Auxiliary Equipment and Supply
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Knowledge Check - Module 4: Itemized Cost Estimating: Auxiliary Equipment and Supply
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Module 5: Itemized Cost Estimating: Requirements and Costs
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Knowledge Check - Module 5: Itemized Cost Estimating: Requirements and Costs
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Module 6: Useful Techniques
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Knowledge Check - Module 6: Useful Techniques
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Module 7: Other Cost Estimating Methods
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Knowledge Check - Module 7: Other Cost Estimating Methods
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Added 3 days ago, by Troy
 
Added 3 months ago, by Jie
 
Added 6 months ago, by Richard
The course title is somewhat misleading. Many consulting firms and companies consider a prefeasibility study to be synonymous with what this course calls a preliminary feasibility study. The level of detail in the course is therefore less than I expected. It's still a good review, however.
 
Added 7 months ago, by Vlad
The course is very superficial and gives little practical advice. Monogo advertising software, which gives useful work but not Russia. Grade 4-
 
Added 7 months ago, by Carol
 
Added 10 months ago, by Anonymous

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