MineCost
Cost Estimation & Financial Modelling — Rapid Scenario and Risk Analysis
First-principles activity-based costing that connects operational drivers to financial outcomes. Build, run, and compare cost scenarios with full auditability — no convoluted spreadsheets, no hidden formula errors.
MineCost
First-principles activity-based costing that connects operational drivers to financial outcomes. Build, run, and compare cost scenarios with full auditability — no convoluted spreadsheets, no hidden formula errors.
Key Capabilities
Activity-Based Cost Tree
Hierarchical cost structure where every cost traces back to a physical driver (tonnes moved, hours operated, metres drilled). Auditable from top-level total to individual unit cost.
Operational Driver Linkage
Costs linked directly to schedule quantities (tonnes, hours, periods). Change the schedule, the costs update automatically.
Multi-Scenario Management
Create, copy, and compare scenarios with edit locking for concurrent team access. Track which inputs changed and whether outputs need rerunning.
Price Deck Scenarios
Multiple commodity price decks per scenario for sensitivity testing across revenue assumptions.
Bayesian Risk Analysis
Built-in Bayesian risk modelling with asymmetric flexes and expert probabilities for NPV confidence intervals — not just single-point estimates.
Financial Engine
EBITDA, XNPV, and IRR calculated with mid-period discounting, dynamic calendar periods, fleet capital, and lump-sum capital handling.
Integration & Output
Scenario Comparison & Tracking
Side-by-side scenario outputs with variance analysis. Know exactly what changed and why.
MiningIQ Integration
SSO access from MiningIQ workspace. Scenario outputs flow into MiningIQ’s enterprise finance module for full financial statement generation and reporting.
Excel & Reporting Output
Full model results exported to Excel. Cost tree visualisations including sunburst, waterfall, and whisker charts.
Frequently Asked Questions
What is MineCost?
MineCost is a mining cost modelling engine that calculates operating costs, capital costs, fleet requirements, manning, and consumables from first principles, producing auditable financial outputs for feasibility studies.
How is MineCost different from spreadsheet cost models?
MineCost replaces fragile spreadsheet models with a structured, database-backed engine where every cost is traceable to its source assumptions. Changes propagate instantly and consistently — no broken formula links.
What outputs does MineCost produce?
MineCost generates equipment fleet schedules, manning summaries, consumables forecasts, operating cost breakdowns by WBS, capital cost schedules, and full financial summaries including NPV, IRR, and payback period.