E3S Web Conf.
Volume 166, 2020The International Conference on Sustainable Futures: Environmental, Technological, Social and Economic Matters (ICSF 2020)
|Number of page(s)||5|
|Section||Geotechnical and Geoenvironmental Engineering|
|Published online||22 April 2020|
Justification of the method of determination of the border overburden ratio
Kryvyi Rih National University, Mining and Metallurgical Faculty, 11 Vitalii Matusevuch Str., Kryvyi Rih, 50027, Ukraine
2 SOUTH Mining and Processing Plant, Technical department, Kryvyi Rih, 50026, Ukraine
3 SDI “Кrivbassproekt”, 40 Poshtoviy Ave., Kriviy Rih, 50000, Ukraine
* Corresponding author: email@example.com
The economic efficiency of the enterprise and the length of its operation, the full utilization of mineral reserves and the total cost of operation depend on the selected depth and boundaries of opencast mining. In such conditions of the deposits’ development it is necessary to evaluate the capabilities of the raw material base for the further development of the mining enterprise. The basis for determining of the border overburden ratio is on the condition that the price of manufactured marketable output of the designed enterprise should not exceed the price of the same marketable output in the world market. The realization of this condition is achieved analytically. This takes into account the impact of the rate of return on the final depth of the designed open pit. A new method of determining of the border overburden ratio is developed, which ensures the competitiveness of iron ore concentrate in the world market. The value of the border overburden ratio is developed for the Pershotravnevij open pit of the Northern mining and processing plant, depending on the situation of the iron-containing products’ prices, which ensures the competitiveness of marketable iron-ore output in the domestic and world markets.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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