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industry
A comprehensive roadmap
by
Ken Seecharran (Mining Consultant)
Initially, chilled cast iron mill balls were the vogue at that time:
Head grades (ore grades) were higher
Power cost was lower
Labour rates were cheaper
Scrap steel was abundant, and
THE COST OF GRINDING MEDIA WAS ACCEPTABLE
As pressure on these drivers rose, the corresponding need to reduce the cost
of grinding increased.
The slump in steel price has led to a drop in the price of mill balls, as follows:
Type of Mill Ball
125mm forged
960
780
65mm 25% Cr
1 350
1 085
65mm 15% Cr
1 210
980
65mm 10% Cr
1 180
780
2 560
2 295
650
510
Usually:
30% of the cost with a confirmed order. Magotteaux is 50%
40% when the ship is loaded, Magotteaux is 30 % and
30% when the ship docks at its destination, Magotteaux is 20%
The downturn/downsizing in the mining industry means that there are
dozens of cancelled orders in China in which customers have lost their
30% deposit. That deposit, or a greater part of it, is passed on to new
customers as a discount
Thank You
The End
Any Questions?