2018-04

Classical and stochastic mine planning techniques, state of the art and trends

Abstract Determination of the best possible ultimate pit for an open pit mine is a fundamental subject that has undergone a highly evolutionary process, reviewed in this study, since the correct choice carries substantial economic impact for the industry. The correct choice can be very beneficial for project analysis, whereas an incorrect choice has the potential to mask huge financial and economic future losses that could render a project unfeasible. The advent of computers in the 1960s allowed sophisticated analysis for the selection of the best ultimate pit determination, under specific mod...

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