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LIFE CYCLE COSTING

LIFE CYCLE COSTING

Life Cycle Costing considers the total cost of ownership related to a good (e.g., planning-purchase-installation-operation-maintenance-disposal). In procurement, it aims to determine the lowest cost of ownership of an asset during its economic life. At Mine Supply Company, we also recognize the life cycle of an asset in mining is also dependent on the specific production schedule of a mine site and work with our clients to determine options which take these details into account.

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