A Quick Evaluation Tool For Capex And Opex Applied To Mining Operations And Esg Mitigation - SME Annual Meeting 2022

There are many methods to estimate costs quickly. One of these is the Parametric Method, where costs are estimated from general algorithms (or curves). Derived from an original tool based on the O’Hara model, a software called MAFMINE was developed. MAFMINE is based on parametric models to estimate investment and operational costs in mining. The software itself is based on the use of a computer model known as client-server. However, the model needs new inputs from advances made by the mining industry, mainly in terms of electrification, automation, digital transformation and preconcentration to face Environmental, Social and Governance (ESG) concerns. Thus, this work was to prepare a new core module ready to incorporate the new technologies aiming to deliver operation and capital costs associated with environmental impact mitigation. The tool generates an order of magnitude estimate for CAPEX and OPEX to establish a very first Discounted Cash Flow (DCF) in a mining venture. For quick evaluations, at a preliminary level, the results are very promising.