Analysis the long-term development of the open pit North Mining District Majdanpek for the capacity of 5x106 tons of ore annually

Abstract

The work presents a consideration of a long-term development of the open pit North Mining District in terms of achieving maximum profit for the planned capacity of 5 million tons of copper ore annually, using the modern software Whittle for strategic planning of production. Software provides the ability to achieve a positive development of cash flow and maximum net present value by optimization the excavation limit and long-term mining dynamics. For planned technical and economic parameters, which are the input data for analysis, the boundary of the open pit is obtained for the service life of 26 years, and the value of the net present value is $ 252,591,906.