With the increase in production capacity and the promotion of production, the reserves of most mining enterprises under the original industrial indexes are rapidly consumed, and the full use of low-grade resources is receiving increasing attention. If mining enterprises want to simultaneously make full use of low-grade resources and simultaneously obtain good economic benefits they need to strengthen their cost analysis and management. In traditional cost analysis methods, the cost is considered as a whole and is simply split; thus, the cost of different production phases cannot be analyzed. Therefore, considering that the ore value is incrementally added in the production processes, the value chain theory of Michael Porter (Porter 1985) can be applied to the cost analysis of mining enterprises. By constructing the value chain model, the ore value under different engineering controls is evaluated to obtain the staged cost corresponding to the value-added link of the ore and to realize the appropriate cost analysis.As the value chain theory does not provide an effective computer modeling tool, the related research on the value chain model focuses mainly on the qualitative analysis (Almeida