Ultimate pit optimization with ecological cost for open pit metal mines

The ecological costs of open pit metal mining are quantified, which include lost value of direct eco-services, lost value of indirect eco-services, prevention and restoration costs, and cost of carbon emission from energy consumption. These ecological costs are incorporated in an iterative ultimate pit optimization algorithm. A case study is presented to demonstrate the influence of ecological costs on pit design outcome. The results show that it is possible to internalize ecological costs in mine designs. The pit optimization outcome shifts considerably to the conservative side and the profitability decreases substantially when ecological costs are accounted for.

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