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A New Cost Model for Estimation of Open Pit Copper Mine Capital Expenditure

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Figure

TABLE 2. Descriptive Statistics of collected data
Figure 1.(e)  Dependency of each factor with CAPEX
TABLE 3. New data set for cost model construction
Figure 4 indicates the actual CAPEX data versus predicted the same one. It is appear that the proposed model can predict the mining CAPEX of open pit
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