one of the main concerns of the mining industry is to determine ultimate pit limits. final pit is a collection of blocks, which can be removed with maximum profit while following restrictions on the slope of the mine’s walls. the size, location and final shape of an open-pit are very important in designing the location of waste dumps, stockpiles, processing plants, access roads and other surfac...

ultimate limits of an open pit, which define its size and shape at the end of the mine’s life, is the pit with the highest profit value. a number of algorithms such as floating or moving cone method, floating cone method ii and the corrected forms of this method, the korobov algorithm and the corrected form of this method, dynamic programming and the lerchs and grossmann algorithm based on grap...

Ultimate limits of an open pit, which define its size and shape at the end of the mine’s life, is the pit with the highest profit value. A number of algorithms such as floating or moving cone method, floating cone method II and the corrected forms of this method, the Korobov algorithm and the corrected form of this method, dynamic programming and the Lerchs and Grossmann algorithm based on grap...

One of the main concerns of the mining industry is to determine ultimate pit limits. Final pit is a collection of blocks, which can be removed with maximum profit while following restrictions on the slope of the mine’s walls. The size, location and final shape of an open-pit are very important in designing the location of waste dumps, stockpiles, processing plants, access roads and other surfac...

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...

In open-pit mine planning, the design of the most profitable ultimate pit limit is a prerequisite to developing a feasible mining sequence. Currently, the design of an ultimate pit is achieved through a computer program in most mining companies. The extraction of minerals in open mining methods needs a lot of capital investment, which may take several decades. Before the extraction, the p...

the determination of the ultimate pit limit (upl) is the first step in the open pit mine planning process. in this stage that parts of the mineral deposit that are economic to mine are determined. there are several mathematical, heuristic and meta-heuristic algorithms to determine upl. the optimization criterion in these algorithms is maximization of the total profit whilst satisfying the...

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...

The block economic value (BEV) of a single-metal deposit is calculated based on the metal content and the related costs. The common methods available for calculating BEV are just based upon the profitable elements, and the effects of undesirable elements on BEV are not considered. However, in multi-element deposits, the effects of other elements existing in the blocks on BEV should be considere...

In this work we study how to incorporate risk control to the generation of ultimate pits when orebodies are modeled through a finite number of conditional simulations. To control risk we consider a chance constraint on the value of the ultimate pit. We incorporate this measure into the generation of ultimate pits by solving a stochastic programming version of the ultimate pit problem. We compar...