Optimizing The Number Of Open Pit Mine Push Backs

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 8
- File Size:
- 646 KB
- Publication Date:
- Jan 1, 2012
Abstract
Push backs used in the production planning of open pit mines play an integral role in generating annual cash flow. Although several algorithms for push back designs have been proposed, none have studied the optimum number of push backs. In this paper, different algorithms have been implemented for the push back design of a cross section of a copper deposit and the results discussed. Moreover, the optimum number of push backs has been determined using analytical and multiple attribute decision making (MADM) methods based on minimizing the risk associated with grade uncertainty, and minimizing stripping ratio, while maximizing net present value (NPV). According to the findings, the optimum number of push backs has been proposed to be between three and six, as lower quantities of push backs are more likely to achieve the calculated net present value, and have smoother stripping ratios for different pushbacks. This approach was examined in an operating mine and the optimum number of push backs determined to be four.
Citation
APA:
(2012) Optimizing The Number Of Open Pit Mine Push BacksMLA: Optimizing The Number Of Open Pit Mine Push Backs. Society for Mining, Metallurgy & Exploration, 2012.