About this document
Ultimate Pit Limits in Mining Design by Kamara is a document available to read on EtoBox.
1. The document discusses various approaches for determining ultimate pit limits (UPL) in open pit mine planning, most of which do not consider uncertainty in metal prices. 2. It introduces the real options approach (ROA) as an efficient method for decision-making under uncertainty that could be used to develop a methodology for determining UPLs while accounting for metal price fluctuations. 3. The study applies the real options approach to the UPL determination problem for a non-ferrous metallic deposit
- Author
- Kamara
- Language
- EN