Reserve estimation is a key to find the correct NPV in a mining project. The most important
factor in reserve estimation is the metal price. Metal price fluctuations in recent years were …

Planning and design procedure of an OPEN PIT MINING project just can be started after
ultimate pit determination. In the carried out study in this paper it was shown that the most …

With the increasing competition in global mineral markets, designers are attempting to drive
down overall mining costs. The demands for steeper pit slopes have triggered developments …

There are many aspects to resource evaluation that need to be addressed in order to
determine the feasibility of a particular project. The aspects for evaluation include many …

Even though Indonesia was famous due to its mineral resources, only few gold mining
companies is listed in the Indonesia stock exchange. In the other hand, there is a need to …

Estimating the costs of mining projects is among the most important and main stages in
justifying the economic plan of a mine. Suboleski presented a model for underground mines …

Even though Indonesia was famous due to its mineral resources, only few gold mining
companies is listed in the Indonesia stock exchange. In the other hand, there is a need to …

Real Option Approach (ROA) is an efficient method of decision making in the conditions of
uncertainty. This approach used for evaluation of defined natural resources projects up to …

The anticipated economic life of the mine, which defines the rate of mine production, is
dictated initially by the design capacity of the mill/concentrator and the production capacity of …