Big Iron online mobile cost benchmarking
Big Iron Consulting has released an online mobile mining equipment cost benchmarking app, Mining Toolbox. The app is designed for both PC and tablets and gives mining and earthmoving clients the ability to quickly benchmark the costs of operating their mobile earthmoving equipment.
The service has equipment data for both surface and hard rock underground mines and users of the tool can tweak the models by changing inputs such as component lives, fuel and burn and purchase prices, ensuring benchmarking numbers are relevant to their mining operations.
With over 12,000 data points and 100 models of equipment, Mining Toolbox is a comprehensive tool for determining baseline numbers to use for benchmarking, feasibility studies or bids.
Mining Toolbox allows users to tweak dynamic cost models to see the impact of pulling different levers and answers life-cycle questions such as: “If I can get my engine life out to 20,000 hours, what kind of impact will that have on the life cycle cost?”.
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