Evaluation of multilayer deposit layers using a profitability index

In many of the lignite mines in Greece that supply the nearby power plants, the lignite deposits are multilayered and faults destroy the spatial continuity. This fact complicates lignite exploitation and the profitability evaluation of each layer. The location of a lignite layer could be so deep compared to other layers, that its exploitation would not be profitable. The purpose of this paper is the development of a suitable profitability index to help with the evaluation of the profitability of separate lignite layers. The definition of the profitability index is given and an algorithm is formulated that calculates the profitability index and evaluates whether each layer should be mined by comparison with a critical threshold value. The profitability index algorithm is applied to the multilayered lignite deposit of Amyndeo mine. It should be noted that the proposed index could be used in any kind of multilayered deposit, not just lignite.