Our core expertise is contributed by, amongst others, former contract mining specialists who have gained considerable experience in estimating, from first principles, the costs associated with open-pit mining applications – from 30 to 380 ton payload trucks, drill and blast, manpower requirements and taxes, to mobilization, amortization of capital equipment, overhead and markup – which enabled us to successfully procure multi-million dollar mining contracts.
Over the years Tacmin has refined this capability with the aid of project management software which we have integrated into mine design and scheduling software that enable us to generate budget forecasts, cash flow analysis, NPVs and IRRs of considerable detail. The aforesaid analysis contains unit rates per mining activity as well as the breakdown of every component that makes up the said unit rate.
Our vast data bases include mining costs, broken down into nut-and-bolt detail, free of calculation errors and based upon formal quotations obtained from equipment suppliers which can be exported into Excel spreadsheets for owner operator and contract mining in open-pit gold, platinum, PGMs, chrome, vanadium, iron ore, coal, manganese, diamonds, vanadium, cobalt and copper mines.
Since our core expertise involves design and construction management, budget forecasts are linked to mine designs, pushbacks and production scheduling, implying that all mining costs generated are budget ready and can easily be integrated into financial models and annual budget forecasts. Also integrated into our project management software is the capability to generate monthly payment certificates (inclusive of escalation) using measured quantities for ease of tracking.
Tacmin has a proven track record of fleet selections, trade-off studies and capital recommendations for numerous public listed mining organizations. Most of these were generated for board level decision making and implementation. On projects where unit rate negotiations with contract miners are necessary, Tacmin remains one of a select few companies that can generate accurate zero-profit margin estimates from first principles.