The Influence of Economics on the Design of Mine Shaft Systems

The influence of economics on the design of mine shaft systems by H, M. WEI.LS, Pr. Eng., M.Se. (Fellow) The purpose of this paper is to review some of the more important economic criteria that must be taken into account when planning the number, type, size, and distribution of the shafts, or shaft systems, required to exploit a block of payable ore. The postulated philosophy governing the selection of design parameters is that of optimization of the financial return per rand of venture capital employed for the project as a whole. While this criterion may not necessarily satisfy the investment objective under all circumstances (as, for instance, where risk limitation is important), it does serve to place the relative economic advantages and disadvantages of specific design features, which may sometimes be in opposition, into correct perspective with respect to the overall economics of the project under the prevailing economic climate at the time of the investigation.