Answer (1 of 2): The Old Metallurgical Engineer and Steelmaker says: You could build a cupola to produce 200,000 NTMH (“net tons of hot metal” – liquid iron) per year, at a capital cost of approximately $60 million, and an operating cost of approximately $150 per NTHM.
WhatsAppGet PriceGet A QuoteThe calculation assumes that this cost is divided evenly into mining and refining, so the constant capital cost of mining becomes USD 200 million. For small capacity mines, 40% of the capital cost of the large capacity mine is used based on trends seen in the capital cost calculation for refining. The variable portion of the cost calculation is based on the open pit mining models published by
WhatsAppGet PriceGet A QuoteThe calculation assumes that this cost is divided evenly into mining and refining, so the constant capital cost of mining becomes USD 200 million. For small capacity mines, 40% of the capital cost of the large capacity mine is used based on trends seen in the capital cost calculation for refining. The variable portion of the cost calculation is based on the open pit mining models published by
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WhatsAppGet PriceGet A QuoteThe results of the cost-sheet, such as the total cost of mining, cost of milling, per ounce and per ton, together with other items of general interest, are plotted into graphic curves. These form very interesting and instructive diagrams, one of which is shown in Fig. 1. The upper line represents the average value of the ore in dollars per ton shipped; the next line below shows the total cost
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WhatsAppGet PriceGet A QuoteAnswer (1 of 2): The Old Metallurgical Engineer and Steelmaker says: You could build a cupola to produce 200,000 NTMH (“net tons of hot metal” – liquid iron) per year, at a capital cost of approximately $60 million, and an operating cost of approximately $150 per NTHM.
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