Cost estimation of completeness and quality of mineral extraction from subsoil

Abstract

Globalization of the international mineral resources market leads to a high level of competition between producers of raw materials. The fundamental strategies for the survival of the mining industry in these conditions are to improve the efficiency and quality of mineral extraction, reduce the cost of mining and processing of mineral raw materials. The well-known criterion - the profit received from 1 ton of extracted reserves, does not reflect the dynamics of the above factors. Therefore, a new algorithm for assessing the specific cost criteria of efficiency and quality of copper ore extraction is proposed and demonstrated on the example of Zhezkazgan copper and lead deposit, a new algorithm for assessing the specific cost criteria of efficiency and quality of copper ore extraction.

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