Criteria for the determination of economic replacement of …

equipment models where the life of the mining equipment where extended to 100,000 hours. The results indicate that the model can be used as a criterion for determining the economic life of …

4.2 Determining the useful life and salvage value of an asset

Although not defined, we believe the use of the term "useful economic life" in ASC 360-10-35-4 is intended to have the same meaning as "useful life," as defined in the ASC …

A Guide to Equipment Maintenance in Mining | Limble CMMS

The mining industry depends on heavy machinery in every aspect of its operations from the extraction and transportation of materials to the processing and site rehabilitation that …

Evaluating and Optimizing the Effectiveness of Mining Equipment

Evaluating and Optimizing the Effectiveness of Mining Equipment The Case Study of Chibuluma South Underground Mine Introduction and importance of research Importance of …

The economic case for mining equipment rebuilds

In fact, rebuilds can be most effective when they are undertaken as mid-life services that ensure greater reliability in the long-term, while immediately helping to boost performance, increase safety and slash total cost of …

Loading and hauling equipment maintenance cost estimation in surface mining

economic life of the equipment, the lifetime repair cost (which is expressed as a percentage of original purchasing cost), and the to- tal number of hours that equipment is …

Case Study: Model for Economic Lifetime of Drilling …

of these costs represents the total cost required to own the mining equipment (Hall 2007). Life cycle cost analysis helps decision makers justify equipment replacement on the basis of the …

Development of an economic replacement time model for …

mining companies to perform life cycle cost (LCC) analysis to estimate the economic replacement time (ERT) of their production rigs, even prior to purchasing them (Markeset and Kumar 2018; …

Estimated Normal Useful Life Study

Machinery and Equipment – The Fundamentals of Appraising Machinery and Technical Assets textbook be used as a pre-reading to become familiar with terminology used in the guide. …

Life-cycle assessment in mining and mineral processing: A …

The 63 documents found in this study focused on different stages and aspects of the mining life cycle, ... Vale has implemented advanced predictive maintenance technologies for …

Factors affecting the resale value of construction equipment and …

The main aim of the replacement policies is to identify the economic life of the equipment, where keeping the equipment for duration longer than its economic life may lead to …

3. CALCULATION OF MACHINE RATES

Changing economic conditions such as fuel prices, tax investment incentives, and the rate of interest can also affect the economic life of equipment. Examples of ownership periods for …

Determination of economic life of heavy earth moving

Download Citation | On May 8, 2018, Rajesh Arora and others published Determination of economic life of heavy earth moving machinery in mines | Find, read and cite all the research …

Residual values impact equipment life decisions

This is not the case with large long-life machines such as mining trucks where operating costs do not increase rapidly with age and where the sweet spot is much further out …

Innovation in the Mining Industry: Technological Trends and a …

Innovation plays a critical role in the mining industry as a tool to improve the efficiency of its processes, to reduce costs, but also to meet the increasing social and …

What is economic life? Definition and example

Economic life may also be defined as "the time after which money is saved by abandoning and replacing an asset." An asset's economic life might be measured in years or other units. For …

Major Equipment Life-cycle Cost Analysis

To request this document in an alternative format call . 651-366-4718 or 1-800-657-3774 (Greater Minnesota) or email your request to [email protected].

How to Measure Useful Life of Cryptocurrency Mining Hardware

The largest Chinese Cryptocurrency Mining Hardware (MH) Company applied half one year on useful life of MH and disclosed it as inventory. However, MH is more a fixed asset …

(PDF) Case Study: Model for Economic Lifetime of

Concentration and intensification of mining in terms of the implementation of innovative mining equipment is ... The purpose of this article is to assess the economic life of …

Criteria for the determination of economic replacement of …

From these methods, the Net Present Value method was selected as the most effective criterion for determining the economic life span of mining equipment and was used in the development …

Answers to: The following information was obtained from the …

2023. Property Plant and Equipment Note Zondi Mining For the Year Ended 31 March 2023 Land and buildings at cost (opening balance) R1 740 000 Vehicles at cost (opening balance) R 980 …

Economic lifetime of a drilling machine: a case study on …

2006). These factors are related to the cost of mining equipment and its economic lifetime. 2 Literature survey The economic replacement of productive machines is a fundamental …

Property, Plant and Equipment IAS 16

The cost of an item of property, plant and equipment shall be recognised as an asset if, and only if: (a) it is probable that future economic benefits associated with the item will flow to the entity; …

Economics of Mine Planning and Equipment Selection

This paper examines some of the fundamental economics of mining - in particular, for optimisation studies, for production rate determination and for reserve estimates.

(PDF) Economic lifetime of a drilling machine: A case …

Drilling machines play a critical role in the mineral extraction process and thus are important economically. However, as the machines age, their efficiency and effectiveness decrease, negatively...

Economic Life of Construction Equipment

The document discusses the costs to consider in the economic life of construction equipment, including depreciation, investment costs, maintenance and repair costs, downtime costs, …

Economic Life

Economic life, also called the depreciable life, useful life, or service life refers to the time the asset remains useful to the owner, assuming that there is preventive maintenance and normal usage …

Comprehensive Guide to Mining Industry Cost Estimation: Key …

Replacement of Mining Equipment: ... Sustaining capital and maintenance activities are essential for prolonging the life of a mining operation, maintaining compliance …

Mobile Equipment Life Cycle Costing

Mobile Equipment Life Cycle Costing is a practical guide for managing the economic life of a mining truck fleet. It covers key financial, commercial and physical aspects of truck …

Answers to: The following information was obtained from the …

The VAT rate is 15%. 6. On 1 December 2022, Zondi Mining acquired land and a building for R1 500 000 (VAT inclusive). The VAT rate is 15%. The building has an estimated economic life of …

Development of an economic replacement time model for mining equipment

In mining operation equipment replacement represents a strategic decision problem. This paper presents an economic replacement time model for mining drill rigs. ... the …

Economic Life and Other Asset Lives

Asset life cycles include economic life, service life, depreciable life, and ownership life. Business Case Website Solution Matrix Ltd ... [Photo: Rail-mounted steam-shovel, Bucyrus-Erie Mining …

Development of an economic replacement time model for mining …

Analysis of the mining equipment replacement time. A case study …

The main goal of this research is to determine residual mining equipment life. The selected KPIs provide relevant information about the physical state of the mining equipment, …

Evaluating and optimizing the effectiveness of mining equipment; …

Both the physical and economic life must be calculated when considering equipment life because they provide an effective equipment replacement analysis, on which …

What Methods Are Used to Depreciate and Amortize Capital …

An asset is recognized if it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, and the cost can be reliably measured. …