Design and Implementation a Software for the Cost Estimation of Mining Equipments

Cost estimation is a fundamental task of engineering and business decisions and also plays an important role in mining projects. Cost estimation process is frequently employed during the prefeasibility and feasibility studies, which is complicated and time consuming. Several methods have been proposed which their application is related to the type of projects and conditions of the host country. In this study a software for estimating of the capital and operating costs of mining equipments has been developed. In this approach by comparison of the existing methods, a cost estimation model was established. Further, on the bases of the model a software along with its database was developed. This database was prepared by some data that published in a Western mining engineering institute cost estimator guide. The software was applied for Sungun copper mine. Results show that the software was adapted with the Iran conditions with a good accuracy. This software also can be used as a useful tool for equipment selection.