Forgot password?
  Search thousands of documents on OneMine - the online global mining and minerals library:
  Find the industry products
and services you need.

Estimating the Cost of Mining

Otto Schumachr
Published by EduMine

Training Time: 15 hours approximate
SME Course Completion Certificate available
EduMine CEU Certification available upon request with minimum review score of 75%.
24 days access
1.2 CEU
Online Delivery
Upon purchase, you will be emailed access instructions and a receipt.

This product is available.
  • Members: $198.00 USD
  • Students: $198.00 USD
  • Non-members: $233.00 USD
Your price: $233.00
Members & Students may LOG IN to receive discounted pricing.

If you are an exploration geologist, a mining engineer, a metallurgist, a mine accountant, or a practitioner of any of a number of other mining-related specialties, at some time you will be asked to do a cost estimate. Mining is an economic endeavor, and, after safety, the cost of mining and its related processes is one of the most important considerations in that endeavor.

This course introduces you to the methodologies of mining cost estimating, and prepares you to complete a credible estimate. The course focuses on itemized cost estimating methods in the context of a mine plan. It covers the costs of excavating, loading, hauling, drilling and auxiliary equipment as well as the costs of supply, personnel, stripping and other requirements.

Course Content
The course is presented in seven parts:
  • Part 1 - Introduction to Cost Estimating
  • Part 2 - Itemized Cost Estimation: Planning
  • Part 3 - Itemized Cost Estimating: Equipment
  • Part 4 - Itemized Cost Estimating: Auxiliary Equipment and Supply
  • Part 5 - Itemized Cost Estimating: Requirements and Costs
  • Part 6 - Useful Techniques
  • Part 7 - Other Cost Estimating Methods
The course comprises 21 viewing sessions of 30 - 60 minutes each, plus seven reviews of multiple choice questions. Estimated course duration is equivalent to approximately 15 hours of learning content.

Technical Requirements
  • Internet Explorer browsers 8.0 or later
  • Windows 7, XP, 2003, and 2000 operating systems
  • 1024x768 display settings
  • Flash Player v10.xx or later

Need help? Call 303-948-4222 or email

© SME · PH: 303-948-4200 and 800-763-3132 · FAX: 303-973-3845
12999 E. Adam Aircraft Circle, Englewood, CO 80112 - Sitemap
SME is a member society of OneMine, the SME Foundation, and the
American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME).