Economic Analysis Applied To Pit Slope Design-A Case Study

A proper economic analysis of pit slope design must reflect the trade-off between the benefits and the increased risk of slope failure inherent in steeper slope angles. This paper describes the results of a case study in which a newly developed probabilistic economic analysis procedure was applied to the selection of a pit slope design at a large porphyry copper mine in the southwestern U.S. The paper also demonstrates the availability of the required data such as the probability of failure schedule and cost of failure models, under "real-life" conditions.