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...

This study proposes a new method to quantitatively represent the uncertainty existing in open pit optimization results due to variations in mineral prices. After generating multiple mineral prices using Monte Carlo simulation with data on past mineral prices, a probability model that represents the uncertainty was developed by integrating multiple open pit optimization results derived from the ...

There are some large scale orebodies that extend from surface to the extreme depths of the ground. Such orebodies should be extracted by a combination of surface and underground mining methods. Economically, it is highly important to know the limit of upper and lower mining activities. This concern leads the mine designers to the transition problem, which is one of the most complicated problems...

Open-Pit Production Scheduling (OPPS) problem focuses on determining a block sequencing and scheduling to maximize Net Present Value (NPV) of the venture under constraints. The scheduling model is critically sensitive to the economic value volatility of block, block weight, and operational capacity. In order to deal with the OPPS uncertainties, various approaches can be recommended. Robust opti...

maximizing economic earnings is the most common goal in cut-off grade optimization of open-pit mining operations. when this is the case, the price of the product has a critical effect on optimum value of cut-off grade. this paper investigates the relationship between optimum cut-off grade and price to maximize total cash flow and net percent value (npv) of operation. in order to visualize this ...

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. Unfortunately, up until recently, many of these "optimizing algorithms" could not b...

Based on current researches and developments of open-pit mine slope in China, the engineering features of open-pit mine slopes are summarized. Mine slope is basically formed by dynamic excavation of multi-level and multi-type, and mining benefit is the purpose of mine slope engineering when using various schemes and/or methods. Thus, the issues of design and stability analyses are the main conc...