capital cost used in open pit optimization

A DYNAMIC APPROACH FOR OPTIMIZATION OF OPEN PIT ... …

A DYNAMIC APPROACH FOR OPTIMIZATION OF OPEN PIT MINE INVESTMENTS WITH CAPITAL BUDGET Kaan Erarslan ... minimize costs and deflection from action plan Optill1 Zillion ('I' ... programming technique can be used for many optimization items A capital holder.

Mining Feasibility, Pre-Feasibility & Scoping Studies ...

SRK's work involved optimization, design and scheduling of multiple truck/shovel open pits, analysis and optimization of the open pit – underground cross over depth, underground mine design for the main deposit to 1.3 km depth, and underground plans for the shallower surrounding "satellite" deposits.

Report Minemax - 21 March 2014

Open Pit Optimization Software Comparison amcconsultants.com 1 Minemax Planner and GEOVIA Whittle Open Pit Optimization Software Comparison Jonathan Dray AMC Consultants Pty Ltd, Perth, Australia March 2014 1 Introduction ... software license at no cost to AMC. 2 Objectives

Pueblo Viejo Technical Report - barrick.q4cdn.com

Report Control Form . Document Title . Technical Report on the Pueblo Viejo Mine, Sanchez Ramirez Province, Dominican Republic Client Name & Address

All In Sustaining Cost Reporting – Gold Industry's New ...

All-in Sustaining cost is a non-GAAP measure. The Company's methodology for calculating all -in sustaining costs may not be simil ar to methodology used by other gold producers that disclose all-in sustaining cost.

ECONOMIC ASSESSMENT AND MINE PRODUCTION …

OPTIMIZATION OF AN OPEN-PIT GOLD MINE OPERATION IN PERU, BASED ON THE ITERATIVE ... many years and require huge capital investment and risk. Each open-pit mine is unique, based ... capital cost is estimated at $286,645,232, annual fixed cost at $46,759,088 and processing cost of US$ 7.59 / ton. The planned pit design incorporates 15.2 m high ...

17* Open Pit Optimization - Strategies for Improving ...

Open Pit Optimization - Strategies for Improving Economics of Mining Projects Through Mine Planning ... presentation will outline open pit optimization techniques that are available today and how they can be used ... the estimated costs. shortcomings of current open pit planning and

Post-Pit Optimisation Strategy | Discounting | Discounted ...

Post-Pit Optimisation Strategy. ... This method provides an exact and computationally tractable method for open pit optimization. These pits are used to select the optimal pit. ... The discount rate applied could be regarded as pure cost of capital. economic. During pit optimization. and political risk. resulting in a smaller ultimate pit. the ...

Open-Pit Mining Methods

Open-pit mining methods are applicable to mining ore deposits that apex at or near the surface. If the deposit apexes below the surface, the overburden and barren capping overlying the ore must be removed in advance of open-pit mining.

Cut Off Grade Calculation Optimization - 911metallurgist.com

Table of ContentsTraditional Cutoff Grades in Open Pit MiningHeuristic Cutoff Grade Optimization TechniquesOptimizing The Cutoff Grades By Lane's ApproachAlgorithm for Determining Optimum Cutoff Grades Cutoff grade is defined as the grade that is normally used to discriminate between ore and waste within a given orebody. Although the definition of cutoff grade is very precise, the choice of ...

Cost Models of Theoretical Mining Operations | CostMine

This mine is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes waste per day. Rock characteristics for both ore and waste are typical of those of granite or porphyritic material. Operating conditions, wage scales, and unit prices are typical for western U.S. mining operations.

Open Pit Planning | Datamine

NPV Scheduler provides a complete strategic open pit mine planning system with functionality spanning everything from pit optimization, pushback generation, cut-off grade optimization, scheduling, haulage optimization and stockpile management.

Nevada Copper Announces Positive PEA Results for Pumpkin ...

The report clearly illustrates the potential to put this large, open pit project into production with lower capital costs and in a shorter period of time than originally envisaged.

Mathematical Optimization Models and Methods for Open …

The open-pit design problem is to find an optimal ultimate contour of the pit, given estimates of ore grades, that are typically obtained from samples in drill holes, estimates of costs for mining and processing ore, and physical constraints on mining precedence

Open pit waste removal optimization through equipment ...

Capital cost, operating costs and salvage value are all included in calculating the average (discounted) cost. Using the data in Table 2, the lms values for models M60, M100, and M154 are 4, …

Methodology for a dump design optimization in large-scale ...

and optimize the design of a dump by minimizing the total haulage costs. The loca- ... infrastructure capital and transportation costs. Spatial and physical design possibilities, in addition, provide a set of parameters of mathematical and economic relationship that creates opportuni- ... open pit; optimization 1. Introduction Three major ...

2017 News | Nevada Copper Corp.

Open Pit Optimization: Significant scope identified to improve Open Pit Project economics, reducing pre-production capital and increasing the project's Internal Rate of Return, in line with the Company's focus on near-term production and a philosophy of "margin-over-tons", including:

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.

Open Pit Optimisation and Design: A Stepwise Approach*

demonstrates a stepwise approach to design an optimal open pit to exploit the deposit by using Surpac and Whittle software. Using the exploration data as the primary input, Surpac is used to create a block model of the deposit.

open pit optimizationpptx - louw.co.za

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.

INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY …

This paper outlines open pit optimization techniques that were utilized in mine planning of Okobo Coal Reserve, Located in Enjema District of Ankpa Local Government Area, Kogi State, Nigeria, as a strategy to improve the economics of the open pit mining projects.

THE OPTIMUM PRODUCTION EQUIPMENT SCALE FOR OPEN …

ABSTRACT The trend for using larger equipment in open pit mining to achieve cost effectiveness raises the question about the optimum economic point of scale in the current world of globalization.

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.

Pit Optimization Discussion | KJ Kuchling Consulting Ltd.

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.

ALGORITHM OF OPTIMIZATION THE OPEN PITS USING THE …

Ø Initial capital costs, $ Ø Residual value, $ Ø Costs of equipment replacement, $ Ø Discount rate,% Ø Annual capacity of excavation mining Ø Annual capacity of mining the ... Input data for optimization the open pit (provided by the Client) • Angle of general slope of the open pit for each region

capital cost used in open pit optimization

capital cost used in open pit optimization Methodology for a dump design optimization in … Methodology for a dump design optimization in ... infrastructure capital and transportation costs. ... open pit; optimization 1.

2018 News | Nevada Copper Corp.

The PEA for the Open Pit Project describes the opportunity to develop the Open Pit Project for a substantially lower upfront capital cost compared to previous technical studies by implementing the same "margin-over-tons" philosophy that has been used to optimize the Underground Project.

McEwen Mining Updates Positive Feasibility Study for Gold ...

Resources stated as contained within a potentially economically minable open pit; pit optimization parameters are: $1,350 /oz Au, 82% recovery, $5 /oz Au sales cost, $1.85 /t waste mining cost for Cabin Creek, $1.80 /t waste mining cost for Gold Pick, $1.78 /t waste mining cost for Gold Ridge, $2.74 /t ore mining cost for Gold Pick, $2.83 /t ...