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PROJECT: 010911 - DTB
3 марта 2016 г.
Igor Golovin
Investment proposal
«Drilling tool Bogomolov»
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Investment proposal
«Drilling tool Bogomolov»
The subject area of the project: Branch - mechanical engineering;
It specializes in drill bits manufacturing for quarry machines rotary drilling;
The ultimate consumer of the finished product - mining enterprises of the coal industry that carry out
opencast mining.
Problem: The project is able to resolve the following issues in two industries.
Mining industry:
- High costs of drilling and blasting works during mining of coal by open method, in particular
the cost of explosives.
The engineering industry:
- No ability to offer innovative tool that allows to reduce costs in drilling and blasting
operations.
Technical solution and product: «Drilling tool Bogomolov» is a drilling tool designed for mining rotary drilling machines that
helps to form a blast hole of square cross-section.
Product line:
- Cutting roller bit for the rock hardness of 6-9 on a Protodyakonov M.M. scale;
- Tricone rock bits for the rock hardness of 9-16 on a Protodyakonov M.M. scale;
- Dvohsotrichchya dilators for the rock hardness of 9-16 on a Protodyakonov M.M. scale.
Technical efficiency of «Drilling tool Bogomolov»:
- Increases the volume of blasted rock mass by 10%;
- Increases the yield of rock mass per one meter of the well by 10%;
- Increases the size of the well grid by 10%;
- Reduces of consumption of explosives in blasting operations by 10%;
- Reduces in drilling volumes by 10%.
Economic efficiency of «Drilling tool Bogomolov»:
- Decreases the monthly costs on explosives by 10%;
- Reduces the cost of drilling and blasting operations by 7%;
- Annual economic effect in case of one drilling rig operation is $138345,86.
Intellectual property protection: There have been registered 8 items of intellectual property. In the future, during the
implementation of the project, all technical developments such as utility models and inventions will be
patented.
Marketing project:
There had been carried out a research that has revealed following principles of the opencast
mining market:
- 55% of coal in the world is extracted by the open way;
- 4325,6 million tons of coal were mined in the world in an open way in 2012;
- 251,8 million tons of coal was extracted in the open way on the territory of the Russian
Federation in 2014;
- 60 thousand bits were manufactured in the territory of the Russian Federation, mainly for the
domestic market;
- $481 is the average cost of commercial bit (size 215,9 mm);
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- $962 is the average cost of «Drilling tools Bogomolov»;
- $0,03 billion is the approximate volume of the commercial drilling tool market in the
Russian Federation;
- $0,5 billion is the approximate volume of the commercial drilling tool global market.
Changes in volumes of coal extraction are not expected. Therefore, level of drilling tool sales
will remain at the current level.
Implementation plan: The project is divided into the following stages:
Stage #1 - completed:
- Theoretical and laboratory evaluation of the effectiveness;
- Development of the tool design documentation.
Stage #2 - 12 months:
- «Drilling tool Bogomolov» pilot batch production;
- Industrial tests performance;
- Completion of the construction.
Stage #3 - 12 months:
- Development of small-series production of the drilling tool;
- Development of an expanded product line;
- Licensing of manufacturers developed intellectual property.
Stage #4 - 12 months:
- Mastering of «Drilling tool Bogomolov» serial production;
- Licensing of manufacturers by developed intellectual property.
Business model: The project is possible after creation of the «Technical integration engineering center».
The average number of staff in organization will be 7 employees.
The team to implement the project is already fully formed.
Monetization of the project:
1. Engineering services.
- Structural static and dynamic analysis of machine parts and mechanisms;
- Design and development of mining equipment;
- Consulting and selection of mining equipment.
2. Licensing of manufacturers by developed intellectual property.
- Licensing on solutions for "Drilling tool Bogomolov";
- Licensing on solutions for series of drilling tools.
Economic indicators: Realization of the project requires investments in the amount of $1178710. Distribution of investment
according to the project stages is shown in Table 1. Table 1.
Investment plan ($)
# Name Stage Tolal
1 Staff 2 – 4 292330
2 One-time costs 2 3010
3 Variable costs 2 – 4 191640
4 The cost of prototypes and test 2 - 4 541350
5 Intellectual property and expertise 2 - 4 150380
Tolal: 1178710
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The revenue of the project is received through licensing of manufacturers of drilling tools and
engineering services. The planned volume of receipts by years is shown in the Table 2.
Table 2.
Sales plan
# Name Units 1 year 2 year 3 year 4 year
1 Russian Federation % 0,00 1,50 10,00 20,00
2 Global market share % 0,00 0,10 0,60 1,50
3 Total income from licensing of products $ 0,0 92930 586470 1321800
4 Engineering services $ 0,0 45110 45110 45110
Total: $ 0,0 138050 631580 1366920
Table 3 summarizes the main technical and economic indicators of the project.
Table 3.
The main technical and economic indicators of the project
# Name Units Value
1 Investments $ 1178710
2
Sales volume of «Drilling tool Bogomolov» in the world (P)
Pieces
per year 27469
3 The fee for the licensing of manufacturers % 5,00
4 Annual discount rate % 13,40
5 The net present value (NPV) $ 118226
6 Discounted payback period (PBP) год 3,82
7 Internal rate of return (IRR) % 21,30
8 Rate of return discounted costs (PI) - 1,18
During the financial model forming the rates of tax liabilities were accepted according to the Tax code
of the Russian Federation.
The results of the project: The industrial production of «Drilling tool Bogomolov» will provide the following results:
- Mining companies will get an innovative tool that will reduce the expenses on
mineral extraction;
- The manufacturers will get a finished product that will have a stable demand.
Contact: Igor Golovin
Phone: +7-921-435-13-44
E-mail: [email protected]
«Drilling tool Bogomolov»
Archive of presentations: 1. The efficiency of the blast hole with a square cross-section
2. The economic effect of using a blast hole with a non-circular cross-section
3. Square cross section wells forming
4. Development of modifications of the drilling tool for boreholes with a square
cross-section
5. Intellectual property of the project
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6. Investment proposal
7. Project team
8. Project«Drilling tool Bogomolov»
Publications archive:
1. Effective appliance of drilled wells with noncircular cross-sectional area during
mine stripping at the open cast
2. Preconditions for creating and using a tool for blastholes forming at the open cast
mining
3. Drilling tool for stress-raiser well drilling
4. Appliance and development of drilling tools with noncircular cross-section
5. Resource-saving drilling tools appliance for noncircular cross-section wells
forming
6. Investment proposal «Drilling tool Bogomolov»
7. Mining tool for boreholes with square cross-section «Boring tool of Bogomolov»
