Life cycle costing application for mobile mining equipment – first principles scenario modelling for equipment selection and strategy optimisation.
Mining Toolbox is a life cycle modelling tool for heavy mining equipment (HME) presented on an easy to use interface.
From the base models, you can build and save accurate cost profiles for your equipment. The models include allowances for depreciation, interest rates, insurance, major components, minor components, servicing, breakdown repairs, frame repairs, lubricants and fluids, tyres, ground tool, liners and fuel consumption.
The results can then be shared with your team using the multi-user version and print reports to PDF or Excel. Mining toolbox is cloud based and available anywhere you have an internet connection.
Cost engineers, purchasing and supply managers, financial analysts, reliability engineers, maintenance managers and cost accountants use Mining Toolbox.
In fact, anyone involved in the operation, review, optimisation, benchmarking and purchasing of large mining equipment benefits from using Mining Toolbox.
Mining Toolbox increases the accuracy and reduces the time to develop life cycle cost models. This provides a better understanding of life cycle equipment costs across the company.
Models can include allowances for owning, operating and maintenance costs to build a complete life cycle model for your mining assets.
Base data can be personalised to create better benchmarking parameters, greater accuracy and a comfortable user experience.
Comprehensive cash flow and summary reports can be produced in both PDF form and Microsoft Excel detailing a breakdown of the total life cycle costings for a specific model.
Mining Equipment Toolbox is hosted in the cloud and available wherever you have an internet connection with an available PC or tablet.
The user can enter starting life, end life and utilisation. All life and utilisation parameters are entered in equipment operating (service meter unit) hours. The inclusion of start hours provides the ability to model used equipment and equipment life extensions.
The configurable Mining Equipment Toolbox operating parameters are fuel burn, major component life, tyre life and labour efficiency. Based on these specific site and operating inputs, the application adjusts the cost and availability output of the model.
The user can configure parameters for local input costs; purchase price, depreciation, interest rate, insurance rate, utilisation, fuel price, lubricant cost, GET cost, technician cost per hour, tyre cost per set, brake down repairs, servicing, freight factor and parts factor. If local input costs are not known by the user standard data is available.
The summary reports produced from Mining Toolbox include information for life cycle costings, monthly cash flows, a maintenance profile, maintenance ratio, availability and cost per hour. The maintenance profile also includes details on cost per hour per period chart, labour ratio per period chart and total cost by expense elements.
The cash flow report show cost, direct labour hours, downtime and availability by year. The cash flow report can be printed, saved as a PDF or output to Microsoft Excel.
Your Content Goes HereMining Toolbox is available for one or more users. Once subscribed, additional users can be added to your subscription.
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