New Concept Of Long-Range Open Pit Planning ? I. Introduction

Determination of the final pit limits of an open pit copper mine is a problem that has far reaching effects on the life, profitability and operation of a mine. The solution to this problem requires that all of the significant variables affecting the final pit limits be considered together with corporate objectives as the guiding principle. This paper discusses the use of these variables and how they should be applied to plan the future of a mine. The objectives of a final pit plan; are determination of the extent and location of ore reserves, the allowable stripping to be accomplished to uncover the ore, the final pit surface intercept, final pit topography and the contained metal values in both ore and waste. The objectives of the plan must be consistent with corporate objectives as they pertain to profit, future investment in the mine, return on investment, alternative investments, conservation and perpetuation of the corporate entity. The subject will be treated in three parts: economic considerations, effect of leaching and pit design technique. At the outset, it is assumed; that the extent of and metal values in the mineralized area to be considered have been reasonably defined by development drilling and sampling.