capital cost used in open pit optimization

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INTERNATIONAL JOURNAL OF SCIENTIFIC and TECHNOLOGY RESEARCH

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 Lo ed in Enjema District of Ankpa Local Government Area Kogi State Nigeria as a strategy to improve the economics of the open pit mining projects.

A stochastic optimization formulation for the transition from

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 value of a set of candidate transition

Open Pit Optimisation and Design: A Stepwise Approach*

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 per tonne $19.44 Price of gold $40.6/g $1134.00/oz Selling cost $0.90/g $25.70/oz Capital cost $64 000 000 Discount rate 10 %

Pit Optimization – How I View It

One of the first steps in open pit mine design is the completion of a pit optimization analysis. Pit optimisation is used to define the most profitable pit shell or nested pit shells for a given set of economic parameters. The economic parameters generally include the metal prices process recoveries and operating costs.

Enterprise Optimization Case Study: PanAust’s Inca de Oro

Mining Cost Model The mining cost model used in PanAust’s pit optimization was based on a flat $/tonne base cost for material mined and an incremental $/tonne depth cost. This captured high level average costs but ignored cost differentials between blasting ore and waste. For instance WCL was told that different rock types were to be

Developing a novel artificial intelligence model to estimate

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

PDF COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST

In this paper costs in open pit mines are egorized into four groups: 1 capital costs 2 operating costs 3 general and administrative G and A costs and 4 fixed costs. Capital costs

Mathematical Optimization Models and Methods for Open-Pit Mining

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 min-ing operation ends.

Optimization of open pit loading and hauling systems

article osti 5339804 title = Optimization of open pit loading and hauling systems author = Fytas K and Calder P N abstractNote = PITSIM-II is a computer simulation package that optimizes and simulates open pit haulage systems. The computer model was created in a generalized form that allows the analysis of any open pit loading and

Nevada Net Proceeds Tax and Open Pit Optimization – Stope

Nevada Net Proceeds Tax and Open Pit Optimization “Pit Optimization” is a mysterious ch-all term used by mining engineers financiers and geologists. You input a bunch of economic variables into various Black-Box algorithms and with a click of a button and 20-30 minutes out spits a pit shell that is “optimized.”

ECONOMIC ASSESSMENT AND MINE PRODUCTION OPTIMIZATION OF AN

resource. Both are linked to the optimization of profits which in mineral operations is done by optimizing the ore cutoff grade considering the block model geometry. The Coriorcco Gold Project refers to an open-pit mining operation at pre-feasibility stage lo ed at about 4100 meters above sea level in the Peruvian Andes. This mining project is

ALGORITHM OF OPTIMIZATION THE OPEN PITS USING THE COMPUTER

by pit graph Selection of the final open pit contour and pushback in the software Whittle Input data for optimization the open pit provided by the Client Angle of general slope of the open pit for each region Operating costs of excavation OPEX $/t Quality deterioration and losses in excavation

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 removal optimization through .

Methodology for a dump design optimization in large-scale

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-

capital cost used in open pit optimization

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

IMPACT OF IN-PIT CRUSHING AND CONVEYING ON PIT SHELL OPTIMIZATION

the transition from open pit to underground mining. 1.1. PIT SHELL OPTIMIZATION Pit shell optimization involves using the Lerchs-Grossman algorithm or other alternative algorithms to find the pit shell that maximizes the undiscounted cashflow for any given deposit. Regardless of the algorithm used all current software and methods

17* Open Pit Optimization - Strategies for Improving

entire mine and mill production in the Carlin District resulting in significant process costs savings. This presentation will outline open pit optimization techniques that are available today and how they can be used to improve overall economics of projects that are being planned or in production. 1 INTRODUCTION

Golden Star Provides Operational Update on Cost Reduction

Pit re-optimization at Wassa Dumasi and Mampon are completed. The pit shells are based on a $1100/oz gold price for Wassa and a $1200/oz gold price at Dumasi and Mampon relative to original $1450/oz pit shells used for the 2012 reserve estimate.

Long Term Planning for Open Pit Mines

Long Term Planning for Open Pit Mines Revised November 2009 1 Long Term Planning for Open Pit Mines Introduction. The profitable exploitation of a mineral deposit requires considerable evaluation and planning. First it must be determined what portion of the deposit is economical to mine the mineable reserve and by what mining method.

Stockwatch

The Mineral Resource is constrained by a base case pit shell defined using a gold price of CAD$1900 $4.00/tonne mining cost and $29.00/tonne cost for combined processing and G and A. Geovia Whittle Ver. 4.7.3 software was used by Dassault Systemes Canada Inc. for pit optimization purposes.

HxGN MinePlan Engineering OP Hexagon Mining

By using industry-standard algorithms Lerchs-Grossmann Pseudo-flow and Floating Cone for pit optimization and integrating scheduling and haulage into a single optimization interface OP LTP Pro enables you to quickly run scenarios at various prices and costs.

Appli ion 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 this work. The

THE WORLD’S MOST TRUSTED STRATEGIC MINE PLANNING SOFTWARE

Pit optimization is the vital first step in unlocking the full economic potential of your open pit operation. Beyond that though Whittle provides a complete and integrated suite of tools for mining value chain optimization tools which enable significant increases in project value over and above pit optimization.

Methodology for a Dump Design Optimization in Large-Scale

Methodology for a Dump Design Optimization in Large-Scale Open Pit Mines Jorge Puell Ortiz Department of Mining and Geological Engineering University of Arizona Tucson AZ 85721 USA; email& 160;protected ; Tel.: 1-720-256-6850 Abstract: Dump design and scheduling are critical elements to effective mine planning especially

Optimizing Open-Pit Truck Route Based on Minimization of Time

This paper addresses a special truck routing optimization problem in open-pit mines based on the minimization of time-varying transport energy consumption. A mixed-integer programming model is formulated to clearly describe the engineering problem and a series of constraints are deduced to strengthen the model. To ensure that the model has time-varying characteristics a method to estimate

Ecological Costs Internalization in Ultimate Pit Optimization

The tradition way of open pit mine design just takes the operating and capital costs into account while the ecological costs of mining to ecological environment is not a concern at all. For this concept based on the mine ecological footprint and eco-cost models which have been built by author the ecological cost allo ion models which take

capital cost used in open pit optimization

v116n2a1 Post. Traditional open pit scheduling uses a resource model assuming a fixed cut-off to determine a series of nested pits in which a given price is used to define one pit and increasing prices Post-pit optimization strategic alignment by MF Breed* and D van Heerden* -/ *1* Successful development of projects or life-of-mine strategies requires an

Open pit limit optimization using dijkstra’s algorithm

based on the floating cone methods 5 . Sayadi et al. 2011 used a new artificial neural method to open-pit optimization 6 . kakaei et al. 2012 introduced a new algorithm for optimum open pit design based on the floating cone method 7 . Until now many algorithms have been presented to determine the final open pit area of mines.

Fortune Minerals Provides NICO Project Update Financial Post

The optimized open pit shell used a Net Smelter Return “NSR” cut-off value of C$60.49 / tonne derived from the operating costs excluding mining to develop a Net Present Value “NPV” versus pit shell size table and graph to determine the optimal pit shell for the open pit design and production schedule.

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capital cost used in open pit optimization