MINING COST:
The estimation of mining costs depends on several factors, including the size of the mine, the type of ore extracted, the equipment used, labor costs, energy costs, maintenance costs, environmental regulations, etc. Here are the main elements to consider when estimating mining costs:
1. Labor costs - Salary of miners, equipment operators, maintenance staff, etc.- Costs of benefits, training and recruitment.
2. Equipment costs: - Cost of acquiring mining equipment such as bulldozers, excavators, trucks, etc.- Costs of maintenance and repair of equipment.
3. Energy costs - Fuel costs for heavy equipment. - Electricity costs for treatment and grinding facilities.
4. Maintenance costs: - Preventive and corrective maintenance costs of equipment. - Costs of spare parts and repairs.
5. Ore processing costs: - Costs of ore processing facilities, including grinding mills, floatation cells, separators, concentration plants, etc.- Costs of chemicals used in ore processing.
6. Transport costs: - Costs of transporting the extracted ore to processing facilities or storage areas. - Costs of transporting finished products to customers or shipping ports.
7. Environmental and regulatory costs: - Costs related to regulatory compliance, including permits, environmental studies, rehabilitation measures, etc.
8. Administrative and general costs: - Administrative costs such as salaries of administrative staff, public services, insurance, etc.-
9. General costs related to mine management and risk management.
Kathleen Valley has great opportunity to keep mining and processing plant cost under control.
1. KV is best mining jurisdiction in the World.
2. KV has best equipment for mining and processing plant at best price due to early ordering and receiving on time.
3. KV has best energy conservation mining and processing plant in the World.
4. KV has selected best equipment with high tech application on reliability, implemented preventative maintenance and critical spares.
5. KV has once again best ore processing plant. Crushers, screens, SAG mill, Floatation cells. It is straight forward high-tech equipment (PLS and Talison processing plant are look like equipment jungles because using old processing technologies and adding equipment top of each other due to lack of processing capabilities)
6. Transport cost from KV to Geraldton is one of the best deals for LTR
7. KV has best ESG in the world. There is no comparable company to KV achievement in this field. There will huge cost environment regulatory cost near future for others. KV has already dealt with it.
8. If you have best people in your business than you have to pay best. If you pay peanuts, you can get monkeys.
9. General cost can be managed very well, and I am sure LTR is doing one of the best practices in this field.
LTR KV has almost everting to be productive, profitable, operations excellence, best practices. Great people are working for LTR. LTR has great management, they are extremely supportive KV site personnel to achieve corporate and financial goals.
We all are going to see KV first product, first shipping, cash flows and further development very, very soon. We all are going to witness world best lithium producer very soon.
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