capital cost used in open pit optimization

SME 2013 Enterprise Optimization for Mining Businesses

isolate the critical cost drivers, and maximize value through the mining system. Contained in the business model is a series of calculations that are performed on every block in the resource model to generate revenue and cost fields that are then used for pit optimization and scheduling by Prober.

Open Pit Optimisation and Design: A Stepwise Approach*

recovery factors, cost figures, overall pit slopes, mining dilution factors and egories of ore to be processed. Table 7 is a summary of all the cost figures and parameters used in the optimisation. Table 7 Cost Figures and Parameters used for Optimisation Mining cost per tonne $4.68 Processing cost

McEwen Mining Inc. Operations Project Fenix

Project Fenix is a proposed redevelopment plan for McEwen Mining''s El Gallo Complex in Mexico. Through a new Preliminary Economic Assessment (PEA) published in 2018, Project Fenix evaluates the potential extension of production in the complex, based on a 2phased transformation of the processing from the El Gallo mine, innovative inpit tailings disposal, and sourcing from several deposits.

Micromine Pit Optimisation Module

The first outcome of pit optimisation is to determine the ultimate pit that gives the highest possible undiscounted surplus between net revenue and total operating costs, without considering scheduling constraints or discounting. A nested pit shell analysis is then used to determine the discounted optimal pit.

v118n1a6 Governing risk elements through open pit slope

Governing risk elements through open pit slope optimization the slope designs being implemented. A flow chart of the risk using costbenefit methods in open pit mine Prestripping has a direct relationship with capital costs, and is investigated in the study as a separate element.

Developing a novel artificial intelligence model to

This study aims to propose a novel artificial intelligence model for forecasting the capital cost (CC) of openpit mining projects with high accuracy. It is a unique combination of a deep neural network (DNN) and ant colony optimization (ACO) algorithm, abbreviated as ACODNN.

Appliion of Surpac and Whittle Software in Open Pit

are used simply because of their availability they are also widely accepted in the mining industry. Both software are menu driven and combine as a powerful tool for open pit optimisation and design. 2 Materials and Methods Used Surpac and Whittle software are used for pit optimisation and design in

Methodology for a dump design optimization in largescale

and has reconfigured the open pit haulage network with an increase in the number of dumps. Therefore, new methods for dump design optimization are of the highest priority in mine planning management. This paper presents a methodology to model and optimize the design of a dump by minimizing the total haulage costs. The loca

A stochastic optimization formulation for the transition

Jul 11, 2017 · As open pit mining of a mineral deposit deepens, the cost of extraction may increase up to a threshold where transitioning to mining through underground methods is more profitable. This paper provides an approach to determine an optimal depth at which a mine should transition from open pit to underground mining, based on managing technical risk.

The evaluation of haulage truck size effects on open pit

This thesis investigates the effects of equipment size selection on the economics of open pit mining. The work presented, illustrates the importance of considering equipment selection in the wider context of the entire mine. A methodology is presented for evaluating the various variables that are affected by equipment size, Equipment Size Sensitive Variables, (ESSV) that will aid the industry

Capital Cost Used In Open Pit Optimization

capital cost used in open pit optimization. The openpit development system decides the key factors such as the mine capital cons. cost,whose design belongs to the structural optimization of . Get Price And Support Online The mine planning process for an openpit .

The impact of adapting Automated Haulage Systems to a

In this article, we explore the impact of adapting Automated Haulage Systems (AHS) to a typical open pit mine considering the initial investment, rampup delays, impacts of operating costs, productivities, ramp layout, and even geotechnical changes resulting from the use of AHS.

Blast Optimization and Ore Fragmentation Modeling

Optimization of Fragmentation in an Underground Mine haulage, boulder elimination, capital and developmentcost and ore benefiion cost for each sizedistribution. The sizedistribution that yields the lowest total cost per ton of ore mined, represents the optimal sizedistribution. The comminution process at an open pit operation

Base Metals Mining Consulting Firm Independent Mining

Estimate Capital and operating cost for alternatitive production rates, ran pit optimization for expansion possibilities. Sonora Lithium Project Bacanora Minerals Ltd., Sonora, Mexico Development of Resource and Reserves, Mine Strategic Planning, Equipment and Capital Costs for a Mine Feasibility Study

Mathematical Optimization Models and Methods for Open

Amankwah, H. (2011). Mathematical Optimization Models and Methods for OpenPit Mining. Doctoral dissertation. ISBN 9789173930734. ISSN 03457524. Openpit 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.

Lydian Announces Initial Capital and Operating Cost

Nov 19, 2015 · Notes to Mineral Resource Statement: The effective date of the mineral resource estimate was August 29, 2014. A cutoff grade of 0.20 g/t gold for this Project based on an optimized openpit

Lydian Announces Initial Capital and Operating Cost

Nov 19, 2015 · Lydian International Limited is pleased to announce the results of a value engineering and optimization study for its owned Amulsar Gold Project in

INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY

entire mine and production, resulting in significant process cost savings. This paper outlines open pit optimization techniques that were utilized in mine planning of Okobo Coal Reserve, Loed in Enjema District of Ankpa Local Government Area, Kogi State, Nigeria, as a strategy to improve the economics of the open pit mining projects.

capital st used in open pit optimization

Capital Cost Used In Open Pit Optimization. Capital Cost Used In Open Pit Optimization. The impact of adapting Automated Haulage Systems . A look at the impact of adapting Automated Haulage Systems . to a typical open pit mine considering the . Capital costs are also adjusted to allow for the . Get Price And Support Online Open pit waste

Productivity in mining

existingequipment and lowering unit costs, the company was able to reduce the controllable cash cost by US$2.7b in the 2013 financial year. • To enhance higher return on investment (ROI) on incremental investment, BHP Billiton has increased competition for capital and is driving down project cost.

Estimation of the potential production rate

Long''s 2009 study also found that introducing the variables grade and capital cost played a factor in estimating production rate, however expected tonnage was the primary factor. Long did generate equations involving grade and capital cost for open pit, however the inputs for these equations were not clarified. Applicability

(PDF) COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST

This article presents cost models for open pit mines, which takes into account cost uncertainty. In this paper, cost uncertainty is considered as cost of under production, and cost of over production.

A stochastic optimization formulation for the transition

The transition from open pit (OP) to underground (UG) methods requires a large capital cost for development and potential delays in production but can provide access to a large supply of reserves and subsequently extend a mine''s life. Additionally, an operating

Truck Haulage MiningInfo

Truck haulage is the most common form of materials transport in open pit mines. Trucks can be used to haul ore and waste out of the mine or they can be used to haul to an inpit crusher where ore and/or waste can be crushed and then conveyed out of the mine.

capital cost used in open pit optimization pazperu

Capital Cost Used In Open Pit Optimization czeu. African Copper Plc: ''African Copper'' or the ''Company''Dukwe Capital Cost Estimate for SX . Final open pit optimization will be completed during the remaining . Get Price And Support Online capital cost used in open pit optimization. The mine planning process for an openpit diamond mining .

Open Pit Mine Design, Planning & Engineering Mining

Fernando specializes in mine plan optimization for surface, underground and open pit mines. He has a great deal of experience with open pit mines serving on several due diligence teams responsible for all aspects of mining, costing, mine planning and geotechinical work.

(TITLE OF THE THESIS)*

The purpose of this research is to understand and document the open pit long range planning process in current use by mining operations, isolate the input parameters that feed into this process, and conduct a

what effect does optimization of processing costs have on

The effect of price changes on optimum cutoff grade of different openpit mines earnings is the most common goal in cutoff grade optimization of openpit mining In the case of some metals, particularly gold that ore does not deteriorate in open storage, material depressed prices, processing and refining may have. Read more

Abstract USGS

Electrical costs are a small cost component for the open pit mine models and are included in the construction material egory. Note that capital costs are expressed in dollars and operating costs in dollars per short ton of material (ore and waste) mined.

ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING COAL

ESTIMATION OF CAPITAL COSTS FOR ESTABLISHING COAL MINES IN SOUTH AFRICA Moshe Mohutsiwa A research report submitted to the Faculty of Engineering and the Built Figure 2.2: Distribution of total capital costs in open pit mines .. 25 Figure 2.3: Distribution of costs for main activities of the production cycle