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2011-9-29  Based upon size and cost I think the lowest cost player is the combination of Rio Tinto's iron ore operation in Western Australia. Rio Tinto operates as slightly

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Each of the models is developed from first principles based on typical mining criteria for rock densities, swell factors, drill penetration rates, etc. Industry-standard estimating methods are used for equipment selection, personnel allocation, and cost estimation.

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Infomine offers a glimpse into operating costs  themselves big chunks of change. Capital costs are typically a mining company's biggest expense  and an eye-watering one. On top of that, companies must pay labor costs, interest payments and environmental cleanup (assuming the country has and enforces environmental regulations).

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