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Mine cost estimation may be done at many levels. At first it may be a simple "back of the envelope" estimation using similar operations to benchmark against. Later it may be decided to use an existing mine that the company owns and factor and compare costs against them.
Unlike the alumina market, the bauxite industry is yet to reach a consensus on pricing mechanisms, beyond longterm, fixedprice contracts. Further upstream in the aluminium supply chain, spot market volumes are thin and still reflect a minority of the sales book that is not captured by integrated activities or longterm contracts.
Mining Cost Service is the industry standard reference for Mining Cost Estimation. This system places cost estimating data at your fingertips with conveniently indexed information to make your cost estimates faster, easier, and more credible. Monthly updates assure that you are working with the most current cost .
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