Parametric estimation of capital costs for establishing a coal mine: South Africa case study.

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dc.contributor.author Mohutsiwa, M.
dc.contributor.author Musingwini, C.
dc.date.accessioned 2017-02-17T13:18:08Z
dc.date.available 2017-02-17T13:18:08Z
dc.date.issued 2015-08
dc.identifier.citation Mohutsiwa, M. and Musingwini, C. 2015. Parametric estimation of capital costs for establishing a coal mine: South Africa case study. Journal of the Southern African Institute of Mining and Metallurgy. 115(8), pp. 789-797. DOI: 10.17159/2411-9717/2015/v115n8a17 en_ZA
dc.identifier.issn 2225-6253
dc.identifier.uri http://hdl.handle.net/10539/22069
dc.description The work reported in this paper is part of a MSc research study at the University of the Witwatersrand. en_ZA
dc.description.abstract Capital cost estimates are important in decisions on whether a project will be approved, mothballed, or abandoned. In South Africa, junior coal miners do not have extensive databases of historical projects from which to estimate capital costs. The purpose of this paper is to establish formulae that can be used for estimating capital costs of developing coal mines in a coal-producing country, using South Africa as a case study. The costs are estimated to an error of magnitude level of-30% to +50%, which is suitable for a concept study level, using a parametric estimation technique. The study uses data from completed coal mining projects from selected coal-producing countries. Three formulae are developed and presented for estimating capital costs of underground bord and pillar, surface shovel and truck, and dragline operations. en_ZA
dc.language.iso en en_ZA
dc.publisher The Southern African Institute of Mining and Metallurgy. en_ZA
dc.rights ©This Journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. en_ZA
dc.subject Capital costs en_ZA
dc.subject Coal mining en_ZA
dc.subject Parametric cost estimation en_ZA
dc.subject Cost benefit analysis en_ZA
dc.subject Bord and pillar en_ZA
dc.subject Dragline operation en_ZA
dc.subject Concept studies en_ZA
dc.title Parametric estimation of capital costs for establishing a coal mine: South Africa case study. en_ZA
dc.type Article en_ZA
dc.journal.volume 115 en_ZA
dc.journal.title Journal of the Southern African Institute of Mining and Metallurgy. en_ZA
dc.description.librarian MvdH2017 en_ZA
dc.citation.doi 10.17159/2411-9717/2015/v115n8a17 en_ZA
dc.citation.epage 797 en_ZA
dc.citation.issue 8 en_ZA
dc.description.url http://www.saimm.co.za/publications/journal-papers en_ZA
dc.citation.spage 789 en_ZA


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