Ask an Expert Jennifer Leinart. A licensed professional geologist and cost estimator leading the CostMine division. With over 35 years of mining industry experience, from exploration through development and operations, she now specializes in project evaluation, economic analysis, cost estimating and consulting services.
A Model for Calculating Cost of Equipment Downtime and Lack of Availability in Directorates of Engineering and Housing by Michael J. Fuerst Michael C. Vorster Donald K. Hicks Costs that arise when a vehicle or an item of equipment fails are either tangible costs or consequential costs. Tangible costs (labor and materials) are fairly easy to assess using normal cost
2018-7-24 The basic idea is that you compare the cost of repair to the cost of replacement. If repair exceeds 50% of a particular threshold, the rule says you should opt to replace. But, if a repair can be completed for less than 50% of the baseline, then you should choose to fix. So, the inequality favoring repair looks like this:
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2018-7-22 The maintenance cost compared to the equipment value is different depending on industry. For example, a mining operation has a much higher MC/ ERV than a fixed plant operation. A Mining corporation that is considered an industry leader recently surveyed the MC/ERV number in 11 mine locations. The MC/ERV ranged from 18% - 36%. Equipment
IFRS and the mining industry Top ten accounting issues for Canadian issuers August 2008. top ten accounting issues 1. Impairment The impairment guidance in IAS 36 Impairment of Assets applies to Property, Plant and Equipment (PPE), goodwill and intangibles and involves significant estimation complexities for mining companies. It