Research and reflection on the accuracy of cost estimation of international mining development projects
Received:July 21, 2022   Revised:July 21, 2022   Accepted:July 25, 2022      Published Online:October 25, 2022
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KeyWord:mining development projects;cost estimation;cost classification;cost accuracy
     
AuthorInstitution
Ma Hong-zhi Engineering Company of BGRIMM Technology Group
WEI Zheng Engineering Company of BGRIMM Technology Group
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Abstract:
      In recent years, the competition for comprehensive national power based on resources has become increasingly fierce, and the optimal layout and rational allocation of mineral resources on a global scale become the primary task in implementing the "going out" strategy for mineral resources. In this paper, the cost classification system is analyzed corresponding to the definition (maturity) level and the technical deliverables of mining projects at different development stages. The typical cost estimation accuracy corresponding to different cost classification is studied to provide a basis for stakeholders to form a common understanding of cost estimation results and accuracy.
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