CAS 23 deals with the principles and methods of measurement and assignment of Overburden Removal (OBR) cost and its presentation & disclosure in cost statements to bring uniformity.
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High stripping ratios often indicate that more mining costs are required to remove the overburden. This can lead to an increase in the total cost of extracted ore, rendering some deposits too …
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As such, while the costs to remove the "initial" overburden can be capitalised, waste from subsequent pits would then be classified as production phase stripping and expensed as the costs are incurred.
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Although rehandling of spoil adds to the cost of overburden removal, it is a simple operation with a dragline and in some cases rehandling of some spoil may be a necessity. If conditions change, …
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Overburden Removal Whether it be 50,000 cubic yards or 5 million cubic yards of overburden, Turner Mining Group has you covered. The last thing you need is a surprise when it comes to cost, which is why we move it for the price we …
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In surface mining operations, entities may find it necessary to remove mine waste materials (overburden) to gain access to mineral ore deposits. During the development phase of the …
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Cost of overburden removal activity carried out by outsourcing shall be determined at agreed price as per contract price including duties and taxes and other expenditure directly attributable …
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While there are a number of different formulas used to quickly or thoroughly determine the profit to cost ratio of a mine, all of them basically compare the two volumes of material. Understanding the potential value of the ore or coal is essential to starting the calculations. Once the potential of the seam or deposit is …
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Stripping costs refer to the costs associated with the removal of overburden or waste materials from a mine to access the ore body. In mining operations, especially open-pit mining, it's often necessary to remove large amounts of …
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