Reserve estimation of an open pit mine under price uncertainty by real option approach

2009 ◽  
Vol 19 (6) ◽  
pp. 709-717 ◽  
Author(s):  
Afshin Dehkharghani AKBARI ◽  
Morteza OSANLOO ◽  
Mohsen Akbarpour SHIRAZI
Author(s):  
G. N. Shapovalenko ◽  
S. N. Radionov ◽  
V. V. Gorbunov ◽  
V. A. Khazhiev ◽  
V. Yu. Zalyadnov ◽  
...  

Chernogosky open pit mine integrates truck-and-shovel system of mining with overburden rehandling to internal dump with a set of walking excavators for rehandling of overburden to mined-out area of the pit. It is possible to improve efficiency of stripping in the conditions of Chernogorsky OPM by reducing percentage of stripping with more expensive handling system. The relevant research and solutions to this effect are presented in this article. Comparative characterization of mining conditions and parameters of mining systems applied is given for open pit mines Chernogorsky, Turnui, Nazarovsky, Vostochno-Beisky and Izykh. The comparative analysis points at the need to account for difficulty of mining and process sites in comparison of equipment productivity. High concentration of mining machines, which is conditioned by narrow mining front and simultaneous operation of five faces, as well as blasting operation implemented every 1-2 days, are recognized as the main constraints of excavator capacity in mining with direct dumping in Chernogorsky open pit mine. The management and engineering solutions implemented in the mine and resulted in higher efficiency of draglines are described.


Author(s):  
E. A. Vakulin ◽  
V. A. Ivashkevich ◽  
E. I.I. Gnitsak ◽  
V. S. Baikin ◽  
S. P. Maslyukov

Uniform schedule maintenance of mining and haulage machines is one of the key conditions for increasing productive time of maintenance personnel and decreasing monthly average servicing time. Currently, Russian mines infringe regulated maintenance schedule aimed to improve output per shift. The loss of time of maintenance personnel and equipment as a consequence maintenance irregularity is never assessed. This article presents assessment results on maintenance schedule uniformity in terms of dump trucks BelAZ-7513 and BelAZ-7530 at Chernogorsky open pit mine, SUEK-Khakassia. A variant of calculation of time loss owing to inconsistent maintenance schedule for dump trucks is proposed. The loss of time by maintenance personnel and by mining/haulage machines is assessed. The fleet of dump trucks BelAZ-7513 and BelAZ-7530 is analyzed depending on overtime of operation between maintenance periods. It is recommended to improve uniformity of maintenance schedule for mining and haulage equipment.


Author(s):  
E. A. Vakulin ◽  
A. I. Zayats ◽  
V. A. Beklemeshev ◽  
V. A. Ivashkevich ◽  
V. A. Khazhiev ◽  
...  

Investigation of failures is one of the critical activities of mining and haulage equipment operability assurance in mining. Maintaining failure investigation at the required quality level, it is possible to identify provisions, rules and procedures that should be revised or changed, operation conditions that should be improved, additional personnel training, if required, etc. Investigation of failures in mines is under responsibility of machine men and electricians of maintenance and operation services. In reality, factory management and setup for production condition weak concernment of these workers in quality investigation aimed at finding of sources of equipment failures. This article describes real-life results achieved in development and use of maintenance service operation, technology and management monitoring. The requirements are substantiated for quality improvement in failure cause finding and removal in mining and haulage equipment at Chernogorsky open pit mine, SUEK-Khakassia. Causes of the present quality of failure investigation by machine men of Chernogorsky Repair and Engineering Works and Chernogorsky open pit mine are revealed. The proposed recommended practices will improve quality of mining and haulage equipment failure investigation.


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