Introduction to Estimating Mining Costs for Prefeasibility Analyses

Summary

This course introduces you to multiple systems for estimating mining costs for prefeasibility analyses, and prepares you to complete a credible estimate. An efficient procedure for estimating costs using basic engineering principles is emphasized. A capital and operating cost estimate for a surface mine is used as an example to demonstrate how the procedures are applied. A variety of methods, using varying levels of detail, are demonstrated to select an equipment fleet, supply requirements and personnel needs to produce an estimate of on-site mining costs. The costs of milling, reclamation, administration and other indirect costs will not be addressed in detail, but will be discussed briefly in conjunction with the estimate of direct mining costs. Manual and spreadsheet methods and the Sherpa Cost Estimating System will be demonstrated for comparison purposes.

Student involvement will be encouraged through discussion of the students' previous estimating experiences, if any, and through critique of the methods presented in the class. For details of topics covered see course schedule.

Participants are advised to bring a laptop computer (with MS Excel) if possible.

UBC Certificate in Mining Studies

This course qualifies for two days of short course credit for the UBC Certificate in Mining Studies, a continuing education initiative by the Norman B. Keevil Institute of Mining at the University of British Columbia. more details »

Continuing Professional Development (CPD)

This course meets the requirements for formal CPD activity for most Canadian provincial associations and US state boards and may contribute the equivalent in hours towards your CPD requirement. more details »

Who Should Attend?

This is an introductory course appropriate for engineers, geologists, mineral economists and others with a basic understanding of mineral resources and mining.

Please forward this invitation to anyone you know that may be interested in attending this seminar.