Comparison of capex models for mining
Autor(a) principal: | |
---|---|
Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Research, Society and Development |
Texto Completo: | https://rsdjournal.org/index.php/rsd/article/view/11013 |
Resumo: | In order to estimate the costs of mining enterprises correctly before the construction of the mining it is important to determine the viability of the mineral deposit. There is no standardization of the methods of estimating operating costs of these projects. Regression-based equations are used to forecast costs and, as a result, differences arise between the results. This study analyses different estimation models with a focus on capital costs, that is, those associated with the necessary infrastructure for opening an open pit mine - mining and processing. Two methodologies were evaluated in order to determine which is more assertive. Monte Carlo simulations were performed to check the compatibility between the methods based on the limits of the analysed models. The study was able to determine which model underestimates costs, with the risk of pointing out the economic viability of projects that are not viable in light of the real cost. |
id |
UNIFEI_1676ac131065319978566c8e50e496d0 |
---|---|
oai_identifier_str |
oai:ojs.pkp.sfu.ca:article/11013 |
network_acronym_str |
UNIFEI |
network_name_str |
Research, Society and Development |
repository_id_str |
|
spelling |
Comparison of capex models for miningComparación de modelos de capex para mineríaComparativo dos modelos de capex para mineraçãoCAPEXMine operationCost estimation.CAPEXoperación de minaEstimación de costos.CAPEXOperação de minaEstimativa de custo.In order to estimate the costs of mining enterprises correctly before the construction of the mining it is important to determine the viability of the mineral deposit. There is no standardization of the methods of estimating operating costs of these projects. Regression-based equations are used to forecast costs and, as a result, differences arise between the results. This study analyses different estimation models with a focus on capital costs, that is, those associated with the necessary infrastructure for opening an open pit mine - mining and processing. Two methodologies were evaluated in order to determine which is more assertive. Monte Carlo simulations were performed to check the compatibility between the methods based on the limits of the analysed models. The study was able to determine which model underestimates costs, with the risk of pointing out the economic viability of projects that are not viable in light of the real cost.Para estimar correctamente los costos de las empresas mineras antes de la construcción de la mina es importante determinar la viabilidad del yacimiento mineral. No existe una estandarización de los métodos para estimar los costos operativos de estos proyectos. Las ecuaciones basadas en regresiones se utilizan para pronosticar costos y, como resultado, surgen diferencias entre los resultados. Este estudio analiza diferentes modelos de estimación con enfoque en los costos de capital, es decir, aquellos asociados a la infraestructura necesaria para la apertura de una mina a cielo abierto - minería y procesamiento. Se evaluaron dos metodologías para determinar cuál es más asertiva. Se realizaron simulaciones de Monte Carlo para comprobar la compatibilidad entre los métodos en función de los límites de los modelos analizados. El estudio logró determinar qué modelo subestima los costos, con el riesgo de señalar la viabilidad económica de proyectos que no son viables a la luz del costo real.Estimar corretamente os custos de empreendimentos mineiros nas fases iniciais é importante para determinar a possibilidade de continuidade de pesquisa do depósito mineral. Diante da escassez e de uma padronização dos métodos de estimativa de custos das operações desses empreendimentos são utilizadas equações baseadas em regressão para a previsão dos custos e, com isso, surgem diferenças entre os resultados. O presente estudo, portanto, compreende uma análise de diferentes modelos de estimativa com foco nos custos de capital, ou seja, aqueles associados à infraestrutura necessária para a abertura de uma mina a céu aberto – lavra e beneficiamento. Foram avaliadas duas metodologias objetivando determinar qual é mais assertivo. Para verificar a compatibilidade entre os métodos foi realizada simulações de Monte Carlo com base nos limites dos modelos analisados. O estudo foi capaz de determinar qual modelo subestima os custos, com risco de apontar a viabilidade econômica de projetos inviáveis a luz do custo real.Research, Society and Development2020-12-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/1101310.33448/rsd-v9i12.11013Research, Society and Development; Vol. 9 No. 12; e26091211013Research, Society and Development; Vol. 9 Núm. 12; e26091211013Research, Society and Development; v. 9 n. 12; e260912110132525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/11013/9892Copyright (c) 2020 Guilherme Garcia Oliveira Queiroz; Felipe Ribeiro Souza; Bárbara Isabela da Silva Camposhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessQueiroz, Guilherme Garcia Oliveira Souza, Felipe Ribeiro Campos, Bárbara Isabela da Silva 2020-12-30T23:32:22Zoai:ojs.pkp.sfu.ca:article/11013Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:32:57.002967Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false |
dc.title.none.fl_str_mv |
Comparison of capex models for mining Comparación de modelos de capex para minería Comparativo dos modelos de capex para mineração |
title |
Comparison of capex models for mining |
spellingShingle |
Comparison of capex models for mining Queiroz, Guilherme Garcia Oliveira CAPEX Mine operation Cost estimation. CAPEX operación de mina Estimación de costos. CAPEX Operação de mina Estimativa de custo. |
title_short |
Comparison of capex models for mining |
title_full |
Comparison of capex models for mining |
title_fullStr |
Comparison of capex models for mining |
title_full_unstemmed |
Comparison of capex models for mining |
title_sort |
Comparison of capex models for mining |
author |
Queiroz, Guilherme Garcia Oliveira |
author_facet |
Queiroz, Guilherme Garcia Oliveira Souza, Felipe Ribeiro Campos, Bárbara Isabela da Silva |
author_role |
author |
author2 |
Souza, Felipe Ribeiro Campos, Bárbara Isabela da Silva |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Queiroz, Guilherme Garcia Oliveira Souza, Felipe Ribeiro Campos, Bárbara Isabela da Silva |
dc.subject.por.fl_str_mv |
CAPEX Mine operation Cost estimation. CAPEX operación de mina Estimación de costos. CAPEX Operação de mina Estimativa de custo. |
topic |
CAPEX Mine operation Cost estimation. CAPEX operación de mina Estimación de costos. CAPEX Operação de mina Estimativa de custo. |
description |
In order to estimate the costs of mining enterprises correctly before the construction of the mining it is important to determine the viability of the mineral deposit. There is no standardization of the methods of estimating operating costs of these projects. Regression-based equations are used to forecast costs and, as a result, differences arise between the results. This study analyses different estimation models with a focus on capital costs, that is, those associated with the necessary infrastructure for opening an open pit mine - mining and processing. Two methodologies were evaluated in order to determine which is more assertive. Monte Carlo simulations were performed to check the compatibility between the methods based on the limits of the analysed models. The study was able to determine which model underestimates costs, with the risk of pointing out the economic viability of projects that are not viable in light of the real cost. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-21 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://rsdjournal.org/index.php/rsd/article/view/11013 10.33448/rsd-v9i12.11013 |
url |
https://rsdjournal.org/index.php/rsd/article/view/11013 |
identifier_str_mv |
10.33448/rsd-v9i12.11013 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://rsdjournal.org/index.php/rsd/article/view/11013/9892 |
dc.rights.driver.fl_str_mv |
https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Research, Society and Development |
publisher.none.fl_str_mv |
Research, Society and Development |
dc.source.none.fl_str_mv |
Research, Society and Development; Vol. 9 No. 12; e26091211013 Research, Society and Development; Vol. 9 Núm. 12; e26091211013 Research, Society and Development; v. 9 n. 12; e26091211013 2525-3409 reponame:Research, Society and Development instname:Universidade Federal de Itajubá (UNIFEI) instacron:UNIFEI |
instname_str |
Universidade Federal de Itajubá (UNIFEI) |
instacron_str |
UNIFEI |
institution |
UNIFEI |
reponame_str |
Research, Society and Development |
collection |
Research, Society and Development |
repository.name.fl_str_mv |
Research, Society and Development - Universidade Federal de Itajubá (UNIFEI) |
repository.mail.fl_str_mv |
rsd.articles@gmail.com |
_version_ |
1797052817157914624 |