A ‘Pushback’ represents an area that can be mined in a single continuous operation as defined within the. Ultimate Pit. • The basic objective is to create a pushback shape which attempts to meet defined primary targets, such as. ore tonnage, stripping ratios or mined grade.

Exploitation in the context of mining domain is extraction or winning of the ore. It is synonymous to terms such as production and mining. Exploitation of ore is done post exploration and access to the ore body.

Exploration and prospecting The beginning of any mining project begins with the exploration stage; it’s where the magic happens. Companies enlist geologists and others to understand the characteristics of the land and prospect remote areas in search of mineral deposits.

Explanation: The pit shell is the defined area where the mining is to take place. Imagine an irregular shape, and put it into the earth crust. The inside is the mining area, the outline is the shell.

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The costs required to set up a mineral mining business is quite high. You would need heavy capital for purchasing or leasing different equipment, hiring experienced labor, build relevant infrastructures such as processing plants, energy plants, and transportation models.

Life of mine (LOM) Number of years that an operation is scheduled to mine and treat ore, and is based on the current mine plan.

Pit optimization is used to define the most profitable pit shell (or nested pit shells) for a given set of economic parameters. The economic parameters include the metal prices, process recoveries, and operating costs.