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    Group 5 Assignment

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    tinashe tagarira
    The document is an assignment for a mineral resource management class. It contains two questions asking students to calculate various metrics for a mining project including: 1) The breakeven and marginal cutoff grades. 2) Key metrics like stripping ratios, head grades, production rates, and mine life for the project using both the calculated cutoff grade and an assumed cutoff grade of 0.5%, and the resulting marginal stripping ratios.

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    Group 5 Assignment

    Uploaded by

    tinashe tagarira
    10 views6 pages
    The document is an assignment for a mineral resource management class. It contains two questions asking students to calculate various metrics for a mining project including: 1) The breakeven and marginal cutoff grades. 2) Key metrics like stripping ratios, head grades, production rates, and mine life for the project using both the calculated cutoff grade and an assumed cutoff grade of 0.5%, and the resulting marginal stripping ratios.

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    The document is an assignment for a mineral resource management class. It contains two questions asking students to calculate various metrics for a mining project including: 1) The breakeven and marginal cutoff grades. 2) Key metrics like stripping ratios, head grades, production rates, and mine life for the project using both the calculated cutoff grade and an assumed cutoff grade of 0.5%, and the resulting marginal stripping ratios.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views6 pages

    Group 5 Assignment

    Uploaded by

    tinashe tagarira
    The document is an assignment for a mineral resource management class. It contains two questions asking students to calculate various metrics for a mining project including: 1) The breakeven and marginal cutoff grades. 2) Key metrics like stripping ratios, head grades, production rates, and mine life for the project using both the calculated cutoff grade and an assumed cutoff grade of 0.5%, and the resulting marginal stripping ratios.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    MIDLANDS STATE UNIVERSITY

    FACULTY OF ENGINEERING AND GEOSCIENCES


    MINING ENGINEERING DEPARTMENT
    HMINE 521: MINERAL RESOURCE MANAGEMENT
    ASSIGNMENT

    GROUP 5

    NAME SURNAME REG NUMBER

    COLERT M. ZHOU R1710794H

    BRIAN MWONZORA R185035J

    KUDAKWASHE MURENA R1848889R

    SITHEMBINKOSI MOYO R185723G

    OBEY GUMBO R183080V

    NATASHA MAVHUNGA R172672N

    EMELLY MAPURANGA R183354N

    MICHEAL MASWAYA R162047J

    TAKUDZWA BVEKE R172140R

    TINASHE TAGARIRA R1812288P

    TANAKA GWATIRISA R1810939A

    SAMUEL BANDA R143645F

    HAMILTON DUBE R1813178N


    Question 1
    (a) Break-even cut-off grade=
    ( )×

    But;
    Mining cost per tonne ore = mining cost per tonne material× (1+ stripping ratio)
    = $1.47 × (1+1.5)
    = $3.675

    Metal price per tonne = metal price per tonne Cu+ by products per tonne Cu (gold and silver)
    = $3203+ $930+ $413
    = $4 546

    Concentration cost per tonne ore= $5.17


    SRM cost per tonne metal = $1137
    Recovery = 88%

    Therefore:
    . .
    Break-even cutoff grade =
    ( )× .
    =0.002948411
    Converting to percentage: breakeven cutoff grade = 0.295%

    𝒄𝒐𝒏𝒄𝒆𝒏𝒕𝒓𝒂𝒕𝒊𝒐𝒏 𝒄𝒐𝒔𝒕 𝒑𝒆𝒓 𝒕𝒐𝒏𝒏𝒆 𝒐𝒓𝒆


    (b) Marginal cutoff grade =
    (𝒎𝒆𝒕𝒂𝒍 𝒑𝒓𝒊𝒄𝒆 𝒑𝒆𝒓 𝒕𝒐𝒏𝒏𝒆 𝑺𝑹𝑴 𝒄𝒐𝒔𝒕 𝒑𝒆𝒓 𝒕𝒐𝒏𝒏𝒆 𝒎𝒆𝒕𝒂𝒍)×𝒓𝒆𝒄𝒐𝒗𝒆𝒓𝒚

    .
    =
    ( )× .
    = 0.001723379
    Converting to percentage: marginal cutoff grade = 0.17%
    Question 2

    a) Using calculated cut off grade in 1(a)


    b) Assuming a cut off grade of 0.50% Cu
    Assuming an even feed to the concentration plant

    Part a
    –
    (i) Overall stripping ratio =

    Total tonnes material = 900


    Total tonnes ore = 400

    Overall stripping ratio=

    = 1.25:1

    (ii) Head grade = average grade of blocks above cutoff grade 0.29%
    . . . . . . . .
    =
    = 0.70%

    (iii) Daily production of:


     Ore = 25 200 tonnes

     Waste = daily production rate of ore × overall stripping ratio


    = 25 200×1.25
    = 31 500 tonnes

    (iv) Annual production of copper metal = daily production of ore × head grade × working
    days/year × recovery
    .
    = 25 200× ( ) × 300 × ( )
    = 46569.6 tonnes

    (v) Mine life =


    Mineable ore reserves= all ore tonnages above or equal to the cutoff grade
    = 50×8
    = 400Mt
    Annual ore production = daily ore production × working days per year
    = 25 200×300
    = 7.56Mt

    Therefore:
    Mine life =
    .

    = 52.91 years

    (vi)Marginal stripping ratio =

    But
    Recoverable value per tonne ore = head grade × recovery × metal price
    = (0.7/100) × (88/100) × 3203
    = $19.73

    Production cost/ tonne ore =mining cost/tonne ore+ concentrating cost/ tonne ore + SRM
    cost/tonne ore

    Mining cost /tonne ore= mining cost/ tonne material × (1+stripping ratio)
    = 1.47 × (1+1.25)
    = $3.3075

    SRM costs per tonne = head grade × recovery × SRM costs/ tonne metal
    = (0.7/100) × (88/100) × 1137
    = $ 7.00392
    Therefore,
    Production cost/ tonne ore= $3.3075+ $5.17+ $7.00392
    = $15.48

    Stripping cost/tonne =$1.47

    . .
    Marginal stripping ratio =
    .

    = 2.89: 1
    Part b

    –
    (i) Overall stripping ratio =

    Total tonnes material = 900


    Total tonnes ore = 300

    Overall stripping ratio =

    = 2:1

    (ii) Head grade = average grade of blocks above or equal to cutoff grade 0.5%
    . . . . . .
    =
    = 0.80%

    (iii) Daily production of:


     Ore = 25 200 tonnes

     Waste = daily production rate of ore × overall stripping ratio


    = 25 200×2
    = 50 400 tonnes

    (iv) Annual production of copper metal = daily production of ore × head grade × working
    days/year × recovery
    .
    = 25 200× ( ) × 300 × ( )
    = 53 222.4tonnes

    (v) Mine life =

    Mineable ore reserves= all ore tonnages above or equal to the cutoff grade
    = 50×6
    = 300Mt

    Annual ore production = daily ore production × working days per year
    = 25 200×300
    = 7.56Mt

    Therefore:
    Mine life =
    .

    = 39.68 years

    (vi ) Marginal stripping ratio =

    But
    Recoverable value per tonne ore = head grade × recovery × metal price
    = (0.8/100) × (88/100) × 3203
    = $22.55

    Production cost/ tonne ore =mining cost/tonne ore+ concentrating cost/ tonne ore + SRM
    cost/tonne ore

    Mining cost /tonne ore= mining cost/ tonne material × (1+stripping ratio)
    = 1.47 × (1+2)
    = $4.41

    SRM costs per tonne = head grade × recovery × SRM costs/ tonne metal
    = (0.8/100) × (88/100) × 1137
    = $8.00448

    Therefore,
    Production cost/ tonne ore= $4.41+ $5.17+ $8.00448
    = $17.58

    Stripping cost/tonne =$1.47

    . .
    Marginal stripping ratio =
    .

    = 3.38: 1

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