Global Economic Model Of A Mining Project: A Case Study On Iron ? Introduction

In a large scale mining project, the global feasibility study must take into account the interdependence of three sub systems: the geological subsystem, represented by the orebody model; the technological subsystem, consisting .of mining and ore dressing models; and the economic subsystem, including the selling price of final product, production costs and investments. In cases where the ore is heterogeneous, the interdependence between geological and technological subsystems may be assessed by a Data Analysis technique such as Correspondence Analysis (CA). This technique was applied by David and Dagbert (1975) on examples of data from geochemistry and geology. In the approach used in this paper, CA is used to create the basic framework for defining different types of ore. The final definitions of ore types take into account the mi¬ning method and the results of applying beneficiation processes to the ore.