Incorporating environmental issues into optimum cut-off grades modeling at porphyry copper deposits
AbstractCut-off grade is defined as the grade which discriminates between ore and waste within a given orebody. Determination of a complete optimum cut-off grade policy is a very important function during mine life. Using the modified optimum cut-off grade model presented in this paper not only the net present value of a porphyry copper mining project is maximized, but also the adverse environmental impacts of the project are minimized simultaneously. This methodology is more effective in long-range planning. For showing the effectiveness of the model, two scenarios are considered in a hypothetical deposit and the results show that incorporating the modified optimum cut-off grade policy, the net present value will be increased by 3.6% in comparison with the Base Case.
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Bibliographic InfoArticle provided by Elsevier in its journal Resources Policy.
Volume (Year): 33 (2008)
Issue (Month): 4 (December)
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Web page: http://www.elsevier.com/locate/inca/30467
Acid-generating rocks Cut-off grade policy Mine design and planning Porphyry coppers;
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- Asad, Mohammad Waqar Ali & Dimitrakopoulos, Roussos, 2013. "A heuristic approach to stochastic cutoff grade optimization for open pit mining complexes with multiple processing streams," Resources Policy, Elsevier, Elsevier, vol. 38(4), pages 591-597.
- Waqar Ali Asad, Mohammad & Dimitrakopoulos, Roussos, 2012. "Optimal production scale of open pit mining operations with uncertain metal supply and long-term stockpiles," Resources Policy, Elsevier, Elsevier, vol. 37(1), pages 81-89.
- Azimi, Yousuf & Osanloo, Morteza & Esfahanipour, Akbar, 2013. "An uncertainty based multi-criteria ranking system for open pit mining cut-off grade strategy selection," Resources Policy, Elsevier, Elsevier, vol. 38(2), pages 212-223.
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