Mathematical relationship between ultimate pit limits generated by discounted and undiscounted block value maximization in open pit mining
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چکیده
منابع مشابه
Determination of Ultimate Pit Limits in Open Mines Using Real Option Approach
Planning and design procedure of an open pit mining project just can be started after ultimate pit determination. In the carried out study in this paper it was shown that the most important factor in ultimate pit determination and in consequence in the whole planning and design procedure of an open pit mine is the metal price. Metal price fluctuations in recent years were exaggerated and impose...
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Amankwah, H. (2011). Mathematical Optimization Models and Methods for Open-Pit Mining. Doctoral dissertation. ISBN 978-91-7393-073-4. ISSN 0345-7524. Open-pit mining is an operation in which blocks from the ground are dug to extract the ore contained in them, and in this process a deeper and deeper pit is formed until the mining operation ends. Mining is often a highly complex industrial operat...
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During early phases of open-pit mining production planning many parameters are uncertain, and since the mining operation is performed only once, any evaluations based only on on average outcomes neglects the very real chance of obtaining an outcome that is below average. Taking into account also that operation costs are considerable and the mining horizon usually extends over several decades it...
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ژورنال
عنوان ژورنال: Journal of Sustainable Mining
سال: 2021
ISSN: 2300-3960
DOI: 10.46873/2300-3960.1091