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

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dc.citation.doi10.17159/2411-9717/2015/v115n8a17en_ZA
dc.citation.epage797en_ZA
dc.citation.issue8en_ZA
dc.citation.spage789en_ZA
dc.contributor.authorMohutsiwa, M.
dc.contributor.authorMusingwini, C.
dc.date.accessioned2017-02-17T13:18:08Z
dc.date.available2017-02-17T13:18:08Z
dc.date.issued2015-08
dc.descriptionThe work reported in this paper is part of a MSc research study at the University of the Witwatersrand.en_ZA
dc.description.abstractCapital 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.description.librarianMvdH2017en_ZA
dc.description.urlhttp://www.saimm.co.za/publications/journal-papersen_ZA
dc.identifier.citationMohutsiwa, 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/v115n8a17en_ZA
dc.identifier.issn2225-6253
dc.identifier.urihttp://hdl.handle.net/10539/22069
dc.journal.titleJournal of the Southern African Institute of Mining and Metallurgy.en_ZA
dc.journal.volume115en_ZA
dc.language.isoenen_ZA
dc.publisherThe 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.subjectCapital costsen_ZA
dc.subjectCoal miningen_ZA
dc.subjectParametric cost estimationen_ZA
dc.subjectCost benefit analysisen_ZA
dc.subjectBord and pillaren_ZA
dc.subjectDragline operationen_ZA
dc.subjectConcept studiesen_ZA
dc.titleParametric estimation of capital costs for establishing a coal mine: South Africa case study.en_ZA
dc.typeArticleen_ZA
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