This book will help direct mining operations through the use of innovative economic strategies. The text covers what is meant by a cost-effective mining scheme, the economics of information, and the procedures for rational evaluation of uncertain projects.Also from Table 8.10, the maintenance labor requirement is estimated at 0.7 person-hours per operating hour. ... The most significant changes noticed in the past 15 years are as follows: ac The typical life of mobile equipment has increased. In the 1970s, large haul trucks were typically installed with a planned life of 20, 000 hours or 5 years. ... The capital cost of equipment has reduced substantially (in inflation- adjusted terms), and the repairs and major overhauls are estimated inanbsp;...
|Title||:||Mining Economics and Strategy|
|Author||:||Ian Charles Runge|
|Publisher||:||SME - 1998-01|