This course provides participants with a solid foundation in the fundamental principles of mining economics. It focuses on cost efficiencies involved in every step of the mining process and provides an introduction to systematic planning and the importance of engineering decision-making based on costs. Each participant will receive a set of financial modelling templates and Dr. Ian Runge’s Mining Economics & Strategy textbook.
RPMGlobal Sydney Level 16, 201 Miller Street, Sydney, NSW 2060 Australia
AUD$2,650 ex GST per person. Discounts available for multiple registrations.
What is equipment management, equipment management framework, sustainable return on investment, value proposition, and achieving corporate goals.
Introduction to Life Cycle Costing and practical applications of the method.
Equipment life maximised and cost minimised.
Predicting life of equipment in time and diminishing value.
Process development, identifying layers, aligning people / systems / resources, process health, and ongoing refinement.
Dynamic Life Cycle Costing, budgeting, reliability, economic life determination, knowledge database, master data, and maintenance maturity
Mining for Non-Miners
October 10 @ 8:30 am - October 11 @ 5:00 pm
October 12 @ 8:30 am - October 13 @ 5:30 pm