Modeling, Optimization, And Sensitivity Analysis Of The Final Pit Limits For A Lignite Deposit (181218f3-9f46-4eec-9a4b-5757afb74094)

The problem of defining the optimum final limits of an open pit mine has challenged the mining industry for the last three decades, mainly due to the great number of variables involved and the sheer computational effort required in real life applications. An actual lignite deposit is used in this study in order to introduce and apply a methodology to be used as a basis for surface mine design optimization. A geologic reserves model of the deposit is first developed with the use of an integrated geostatistical modeling package. The model is transformed into an economic one through the use of flexible objective function formulation(s). The optimization of the final open pit limits is then enabled with the use of a competent, commercial optimizer, and comparative sensitivity analyses are performed in order to study the effect of some basic mining and economic parameters on the optimal pit design. The conclusions drawn can develop useful guidelines for decision making by the mine operator.