Industry Standard for Mining Cost Estimating

Industry Standard for Mining Cost Estimating   Welcome to the first CostMiner, a quarterly newsletter on the world of cost estimating covering interesting developments and news. We will be showcasing our latest products and software releases relating to mining equipment, supplies, salaries and wages, cost indexes and modeling. Coming up for the remainder of the year are our new Sherpa software packages. We welcome suggestions from our customers and readers and hope that you will find the CostMiner interesting and insightful. View CostMine Products ➟

Machinery and equipment costs steadily rise in a down economy   The cost of construction machinery and equipment has risen steadily for the past twenty years despite a steep drop in iron and steel prices in 2009. Read more ➟

Top 20 heavy equipment manufacturers worldwide   The following is a list of the top 20 heavy equipment manufacturers, as compiled by www.Equipments-zone.blogspot.com. Some of these companies manufacture surface and underground equipment while others only produce surface equipment. Much of the equipment used in surface mining is also used in several other industries while underground equipment, on the other hand, is more specifically manufactured for underground use. Many of these companies have generously provided cost information for CostMine's cost estimating products, including our Mine and Mill Equipment Costs: an Estimator's Guide. 1. Caterpillar 2. Komatsu 3. Terex 4. Volvo Construction Equipment 5. Liebherr 6. Hitachi Construction Machinery 7. John Deere 8. CNH 9. Sandvik Mining and Construction 10. JCB   11. Atlas Copco CMT 12. Metso Minerals 13. Manitowoc Crane Group 14. Oshkosh Access Equipment (JLG) 15. Hyundai Heavy Industries 16. Doosan Infracore 17. Kobelco Construction Machinery 18. Wirtgen Group 19. Xuzhou Construction Machinery Group (XCMG) 20. Manitou Due to their product line, a few of the underground manufacturers were not listed above but have earned honorable mentions, including Joy Global Inc., JH Fletcher & Co., Breaker Technology Inc. and GE Fairchild.

A little history about CostMine   In 1983, Otto Schumacher quit the US Bureau of Mines and sold his sailboat to finance a new business, Western Mine Engineering. Otto saw the need for a comprehensive reference guide for mining engineers and cost estimators that contained reliable costing data specific to the mining industry. Thus, Mining Cost Service was born. What started with 130 pages has now grown to over 800 pages and is used in 41 countries. In addition to Mining Cost Service, CostMine, the successor to Western Mine Engineering, produces other cost estimating publications, software, and labor reports for salaries, wages, and benefits that are sold worldwide. Otto is a Director for CostMine and spends much of his time teaching cost estimating techniques for EduMine and giving papers.

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