Surface mine production scheduling and sequencing are used
to maximize the expected profit and investment returns from mining operations.
They are also used to determine future mining investments, evaluate alternative
investment options, and conserve and develop the pit resources. These processes
are complicated by the fact that open pit operations are conducted on multiple
benches and involve concurrent excavation of both ore and waste. The pit
geometries and expansion rates, and the periodic volume of materials from
different benches in a multi-bench, multi-face open pit mine determine the
equipment requirements, which impact the maximized pit value. Under such
regimes, fast, accurate and repeatable estimation of pit volumes are required
for just-in-time (JIT) production decisions. The analytical geometric volume
calculations require time lags that prevent rapid information for JIT
decisions. The introduction of the novel at-face-slurry (AFS) oil sands method
require fast, accurate and repeatable pit volume estimation using continuous
flow process. In this study, a continuous flow process via partial differential
equations (PDEs) has been used to model material volume, as well as pit layout
changes from circular and elliptical geometries of an oil sands mine and
compared with analytical geometric methods. The models were solved within
Matlab. The results show very close agreement between geometric values and
those obtained from PDEs for the pit configurations. This work represents the
first successful attempt at using PDE in geometric calculations for open pit
mines. The economic analysis shows that the NPV of the current mining system
(CMS) is $3.2 x 1010 while that for the cyclic excavator conveyor belt control
system (CycEx CBCS) is $4.06 x 1010. The PI for the CMS and CycEx CBCS options
are 19.37 and 43.37 respectively. The IRR of the CMS option is 29.02% while
that of the CycEx CBCS option is 33.37%. The DPBP for the CMS and CycEx CBCS
options are 3.24 months and 1.92 months, respectively. The CMS option has an
operating cost of $1.386/tonne ($2.774/barrel) while that of the CycEx CBCS
option is $0.779/tonne ($1.558/barrel). The economic parameters show that the
CycEx CBCS option is more economically viable, and the requirement for a fast,
accurate and repeatable process for generating pit volumes is met by using
PDEs.
Author(s) Details
Raymond S. Suglo Author(s) Details
Botswana International University of Science & Technology, Palapye, Botswana
Samuel Frimpong
Missouri S&T, Rolla, USA
View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/205
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