Determining the oil sands mining limit with Lerchs-Grossmann optimization
- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 5
- File Size:
- 277 KB
- Publication Date:
- Jan 1, 2014
Abstract
The mining limit in oil sands is regulated by the ratio of total mining volume (ore, interburden, and overburden) one has to mine per volume of bitumen in place (TV/BIP). This paper presents a mathematical solution for creating the most economical pit outline where the TV/BIP ratio upper limit is 12, by combining mining economic theory and the Lerchs-Grossmann (LG) algorithm.
Citation
APA: (2014) Determining the oil sands mining limit with Lerchs-Grossmann optimization
MLA: Determining the oil sands mining limit with Lerchs-Grossmann optimization. Canadian Institute of Mining, Metallurgy and Petroleum, 2014.