IDEAS home Printed from https://ideas.repec.org/a/taf/uteexx/v62y2017i4p369-386.html
   My bibliography  Save this article

Cost analysis of material handling systems in open pit mining: Case study on an iron ore prefeasibility study

Author

Listed:
  • Marco de Werk
  • Burak Ozdemir
  • Bellal Ragoub
  • Tyrrell Dunbrack
  • Mustafa Kumral

Abstract

Selection of the optimal material handling system is one of the most significant decisions to be made in mineral industries. Rapid economic changes and technological improvements make cost analysis a complicated process. On the other hand, current low commodity prices have put a greater emphasis on cost reduction and process optimization to ensure viability of mining projects. In this article, two material handling systems, a semimobile in-pit crusher and conveyor systems (IPCC) and traditional truck and shovel systems (TS), are compared through the cost analysis of an iron ore prefeasibility study. Furthermore, robustness of the design parameters is evaluated through a sensitivity analysis to determine the relative importance of project parameters. Finally, risks associated with uncertain design parameters affecting cost analysis are assessed through Monte Carlo simulation. The results indicated that IPCC is more cost effective than TS.

Suggested Citation

  • Marco de Werk & Burak Ozdemir & Bellal Ragoub & Tyrrell Dunbrack & Mustafa Kumral, 2017. "Cost analysis of material handling systems in open pit mining: Case study on an iron ore prefeasibility study," The Engineering Economist, Taylor & Francis Journals, vol. 62(4), pages 369-386, October.
    • Handle: RePEc:taf:uteexx:v:62:y:2017:i:4:p:369-386
    DOI: 10.1080/0013791X.2016.1253810
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/0013791X.2016.1253810
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/0013791X.2016.1253810?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kamrani, Alireza & Badiozamani, Mohammad Mahdi & Pourrahimian, Yashar & Askari-Nasab, Hooman, 2024. "Evaluating the semi-mobile in-pit crusher option through a two-step mathematical model," Resources Policy, Elsevier, vol. 95(C).
    2. Keopaseuth Ketumala & Panlop Huttagosol, 2018. "Influence of Block Dimension and Equipment Selection on the Final Pit Determination of Small Coal Deposit at Bojan Village, Heenherp District, Vientiane Province, Lao PDR," International Journal of Technology and Engineering Studies, PROF.IR.DR.Mohid Jailani Mohd Nor, vol. 4(5), pages 179-188.
    3. Nakousi, C. & Pascual, R. & Anani, A. & Kristjanpoller, F. & Lillo, P., 2018. "An asset-management oriented methodology for mine haul-fleet usage scheduling," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 336-344.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:uteexx:v:62:y:2017:i:4:p:369-386. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/UTEE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.