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Pit Optimization for Improved NPV and Life of Mine in

Long-term planning of open pit mine is a dynamic process and should be reviewed several times during the life of mine. Pit optimization starts with the …

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Optimal cut-off grade determination based on variable capacities …

The model developed by Lane describes the theory of cut-off grades optimization as well as its effects on the mine planning in an open pit mine (Lane., 1964(Lane.,, 1984(Lane.,, 1988.

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Open-Pit Slope Stability | SpringerLink

The open-pit slope stability directly restricts the safety of the mine and is one of the key factors affecting the economic benefits of the mine. The characteristics of the open-pit slope are as follows. (1) The slope is high, and its strike is long. There are many exposed rock strata, and the rock mass structure is complex.

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Open Pit Optimization -Strategies for Improving Economics of Mining

The open pit design and scheduling problem is a large-scale optimization problem that has attracted considerable attention during the last 40 years The development of the "know-how" to improve economics of open pit mining projects through the use of mathematical optimization techniques goes back to early 1960's.

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Open-Pit Mining Methods

The stripping-ore ratio is a basic factor used for determining whether to employ open-pit or underground methods and for determining the economic limits of open-pit mining. Other factors influencing the choice between open-pit and underground methods may be inferred from the advantages and disadvantages of open-pit mining, …

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A review of open pit mine and waste dump schedule planning

1. Introduction. Open cast mines comprise single or multiple pits from which material is dispatched either as waste to proximal dumps, or as ore for selective …

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COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST UNCERTAINTIES

2.1 Cost Categorization. In this paper, costs in open pit mines are categorized into four groups: (1) capital costs, (2) operating costs, (3) general and administrative (G&A) costs, and (4) fixed ...

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Easy profit maximization method for open-pit mining

Economic feasibility. 1. Basic concepts. Mining is essentially governed by the knowledge obtained from three scientific disciplines: geology, mining engineering …

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Stripping Ratios: What are They and Why are They …

A strip ratio, or stripping ratio, is an important measurement related to the open-pit mining process. Put simply, it represents the amount of waste material, also known as overburden, that must ...

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Open-Pit Block-Sequencing Formulations: A Tutorial

open-pit mine production scheduling and (or) who are interested in increasing the tractability of existing models. For a basic model, we provide fundamental insights often left unstated or even untested in the literature. This paper is organized as follows: The Model sec-tion provides a description and mathematical formu-

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Pit Optimization for Improved NPV and Life of Mine in

Whittle is a mine planning tool to optimize an open pit mine in order to maximize the output, i.e., Ore and NPV. Whittle software works on the geological model finally freeze in the Surpac Software. In order to carry out pit optimization, the economic pit limits were determined by using the Whittle (V. 4.7) software.

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Open-pit mining environment impact seen outweighing economic …

THE return of open-pit mining promises a boost to the economy, possibly at the expense of degrading the environment and living conditions for residents near the mines, a University of the Philippines (UP) academic said. "From the view of sustainable development, the decision might not be right considering the impact of large-scale …

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Stripping Ratio in Open-Pit Mining, Types of | SpringerLink

Stripping ratio is the ratio of the volume of waste rock stripped off to the volume of ore exploited during the process of surface mining. It indicates the volume of waste rock required to be stripped for mining per cubic ore. Stripping ratio (see Fig. 1) is an important technical-economic indicator in open-pit mining, which reflects the ...

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Mining Methods-Part II: Surface Mining-Planning and Design of Open Pit

Mining Methods, Surface mining. 2.1) Introduction. As the first step for long or short-range planning, the limits of the open pit. must be set. The limits (ultimate pit) define the amount of ore ...

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A review of open pit mine and waste dump schedule planning

Its objective function minimised waste haulage costs ex-pit by. 1) Stressing non-repetitive single waste block selection. 2) Assigning all reserve waste, including benign and reactive varieties, to dumps. 3) Ensuring lifts respect bottom-up, construction norms, with reactive waste encapsulated by benign waste.

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Design and Evaluation of Open-pit Operations | SpringerLink

Abstract. The computation of reserves available for a potential open-pit operation must be undertaken in conjunction with a preliminary pit design, for it is this which defines the …

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Contributions to discussion of: «The basic economics of open pit mining

Scientific Mining Journal 20, no. 2 (September 1981): 46-57. EndNote: Plewman R (September 1, 1981) Contributions to discussion of: «The basic economics of open pit mining. Scientific Mining Journal 20 2 46–57. IEEE: R. Plewman, "Contributions to discussion of: «The basic economics of open pit mining", Mining, vol. 20, no. 2, pp. …

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The impact of working slope angles on open-pit mining economics

Slope instability of open-pit mines has adverse impacts on the overall mine profitability, safety and environment. The slope of an open-pit mine is crucially influenced by the slope geometry, quality of rock mass and presence of geological features and their properties. The objective of this study is to demonstrate a method to select the ...

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Design of an open-pit gold mine by optimal pitwall profiles

Abstract and Figures. The overall steepness of pitwalls significantly influences the financial return of an open pit mine. In current practice, pitwall profiles are planar in cross-section. In ...

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Mining Basics | American Geosciences Institute

The mining process is used to separate rock or ore from surrounding rock. There are four main mining methods: underground, open surface (pit), placer, and in-situ mining. The method used depends on the type of mineral resource that is mined, its location beneath the surface, and whether the resource is worth enough money to justify extracting it.

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Bench in Open-Pit Mining | SpringerLink

Bench in Open-Pit Mining. Bench is a horizontal layer of ore rock upon which stripping and mining are performed in an open-pit mine. The bench is an essential constituent of the open stope. The bench on which stripping and mining are conducted is called the working bench. The bench temporarily unused is called a temporary …

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Open pit mining | PPT

Open pit mining is the process of mining a near surface deposit by means of a surface pit excavated using one or more horizontal benches. The term open pit mining is usually used for metallic or non …

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Economic optimization of truck transportation in a deep open pit mine

Abstract and Figures. Carrying in deep open-pit mines makes mining more expensive as the depth of the mine increases. The objective of this study is to design an economically optimal ...

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[PDF] Pit Optimization-Strategies for Improving Economics of Mining

The open pit design and scheduling problem is a large-scale optimization problem that has attracted considerable attention during the last 40 years The development of the "know-how" to improve economics of open pit mining projects through the use of mathematical optimization techniques goes back to early 1960's.

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Open-Pit Mining | Method and Process | Epiroc US

Open-pit mining clearly offers a number of economic advantages over underground mining, especially now that mineral-processing technology has advanced to the stage where very low-grade …

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Multidimensional spatial monitoring of open pit mine dust …

The open pit mining industry is an important basic industry related to China's economic lifeline and energy security, China's open pit coal production has been maintaining good growth momentum.

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Open Pit Mine Planning and Waste Management …

2. Open Pit Mining Mines could be shallow, deep and long depending on the natural occurrence of the deposit. Open pit or surface mining is defined as the method of recovering valuable minerals from deposits fairly near the earth's surface. Open pit mining is the most common, productive and oldest method of

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Open Pit Design Economics

The economic limit of an open pit mining operation is dictated by three basic elements- cut-off grade, stripping ratio and slope angle. Although these elements are interrelated, they are functions of a …

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What Is Open-Pit Mining? Definition and Environmental Impact

A system of ramps allows trucks and other dirt movers to drive between benches. Open-pit mining is commonly used to extract metallic ores like aluminum, bauxite, copper, gold, copper, and iron as ...

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Open-Pit Mining Definition | Anglo American

Open-pit mining, also known as opencast mining, is a surface mining technique that extracts minerals from an open pit in the ground. Open-pit mining is the most common method used throughout the world for mineral mining and does not require extractive methods or tunnels. This surface mining technique is used when mineral or ore …

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