Mining Toolbox
Life Cycle Costing Application

Including Haul Trucks, Hydraulic Shovels, Electric Shovels, Bulldozers, Graders, Wheel Loaders and Wheel Dozers

Real World Data

The data used to produce the accurate life cycle costings for heavy mining machinery is based off contributions from hundreds of mine sites around the world. The models include allowances for life and utilization, cost and operating parameters.

User Friendly

Base data can be personalized to create better benchmarking parameters, greater accuracy and a comfortable user experience.

mining equipment toolbox dashboard

Cost Analysis

Comprehensive cash flow and summary reports can be produced in both PDF form and Microsoft Excel detailing a breakdown of the total life cycle costings for a specific model.

Cloud Hosted

Mining Equipment Toolbox is hosted in the cloud and available wherever you have an internet connection with an available PC or tablet.

Get Hands On With Mining Toolbox

The free trial gives the user access to a sample of generic models to experience how the Mining Toolbox equipment application works. Once access is gained, the user will be able to play around with the different variables inside of the interface. This includes changing parameters such as depreciation, interest rates, insurance, major and minor components, servicing, breakdown repairs, frame repairs, operator labour, lubricants and fluids, tyres, ground tool, liners and fuel consumption to produce comprehensive cash flow and summary reports.

Once a paying subscription is made the user will be able to receive more detailed life cycle costings for a greater range of specified models.



Life and Utilisation

The user can enter starting life, end life and utilisation. All life and utilisation parameters are entered in equipment operating (service meter unit) hours. The inclusion of start hours provides the ability to model used equipment and equipment life extensions.


Operating Parameters

The configurable Mining Equipment Toolbox operating parameters are fuel burn, major component life, tyre life and labour efficiency. Based on these specific site and operating inputs, the application adjusts the cost and availability output of the model.


Cost Parameters

The user can configure parameters for local input costs; purchase price, depreciation, interest rate, insurance rate, utilisation, fuel price, lubricant cost, GET cost, technician cost per hour, tyre cost per set, brake down repairs, servicing, freight factor and parts factor. If local input costs are not known by the user standard data is available.


Summary Report

The summary reports produced from Mining Toolbox include information for life cycle costings, monthly cash flows, a maintenance profile, maintenance ratio, availability and cost per hour. The maintenance profile also includes details on cost per hour per period chart, labour ratio per period chart and total cost by expense elements.


Cashflow Report

The cash flow report show cost, direct labour hours, downtime and availability by year. The cash flow report can be printed, saved as a PDF or output to Microsoft Excel.


Single or Multiple Users

Mining Toolbox is available for one or more users. Once subscribed, additional users can be added to your subscription.



Life cycle cost models are updated regularly with the latest component and parts pricing. Inflation adjustments are made to other inputs to reflect today's pricing.

Mobile Mining Equipment Models

The Mining Equipment Toolbox software contains a large number of common mining equipment Life Cycle Cost models including haul trucks, hydraulic and electric shovels, bulldozers, graders, wheel loaders and wheel dozers.

haul truck

Haul Trucks

Mechanical and electrical drive off-highway haul trucks 90t, 130t, 150t, 220t, 240t, 320t, 350t.

hydralic shovel

Hydaulic Shovels

Hydraulic shovels and excavators 20t, 30t, 40t, 50t, 75t, 90t, 100t, 150t, 170t, 200t, 300t, 400t, 650t, 800t.



Bulldozers / Track Type Tractors with power output 230kW, 300kW, 430kW, 630kW



Mining graders with blade size 12", 14", 16", 24"

wheel loader

Wheel Loaders

Wheel Loaders with power output 160kW, 200kW, 220kW, 270kW, 470kW, 600kW, 945kW, 1100kW

wheel dozer

Wheel Dozers

Wheel Dozers with power output 370kW, 470kW, 600kW

Additional equipment is available to purchase as part of a more sophisticated mobile underground mining package including rotary and down the hole drills.

What is Mining Toolbox?

Mining Toolbox is partnered with Big Iron Consulting to produce a benchmarking tool for heavy mining equipment (HME). It is presented on an easy to use interface and comes loaded with a large number of life cycle cost models.

The data is the result of real-world contributions from hundreds of mine sites around the world. Using this base data, you can build and save accurate cost profiles for your equipment. The models include allowances for depreciation, interest rates, insurance, major components, minor components, servicing, breakdown repairs, frame repairs, lubricants and fluids, tyres, ground tool, liners and fuel consumption.

The results can then be shared with your team using the multi-user version and print reports to PDF or Excel. Mining toolbox is cloud based and available anywhere you have an internet connection.

We update the base inputs including changes in currency, inflation adjustments and parts pricings each quarter with new models added on a regular basis.

Who Uses Mining Toolbox?

Cost engineers, purchasing and supply managers, financial analysts, reliability engineers, maintenance managers and cost accountants use Mining Toolbox.

In fact, anyone involved in the operation, review, optimisation, benchmarking and purchasing of large mining equipment benefits from using Mining Toolbox.

Mining Toolbox increases the accuracy and reduces the time to develop life cycle cost models. This provides a better understanding of life cycle equipment costs across the company.

What's Included?

Included in the basic package are over 100 detailed life cycle cost benchmarking models based on real life data with haul trucks, excavators, wheel loaders, graders, bulldozers and more.

The ability to create cost benchmarks, budget models, feasibility models and plant rates for bids all on an easy to use interface.

Access to new models as they become available and the benefit of constant updates to reflect current market conditions and exchange rates.

Who are Big Iron Consulting?

Big Iron Consulting is an Australian based Asset Management and Life Cycle Cost consulting company. Our consulting services include life cycle cost modelling, equipment selection, maintenance and repair contract (MARC) consulting, maintenance audit, maintenance budgeting and maintenance operational readiness studies.

We have been building life cycle cost models for mobile mining equipment for over 15 years. In that time we have performed life cycle costing studies for most major mining companies. Our clients include BHP Billiton, Rio Tinto, Glencore, Anglo American Plc, Newmont Mining Corporation, Kinross Gold, Newcrest Mining Limited and Xstrata.

For more information on our consulting services visit our web site

Contact Us

Need more information? Contact us with any questions.

Big Iron Consulting Pty Ltd
4A / 258 Glen Osmond Road
Fullarton SA 5063
P: +61 8 8121 4368
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© 2016 Big Iron Pty Ltd
Big Iron Consulting is an Australian company offering asset management and life cycle cost consulting services to the mining industry. Visit our company website