process of developing a mine

process of developing a mine

Blog Article

As per the National Mining Association of the US, the process of developing a mine from initial discovery to full production takes on an average more than one decade worldwide. The entire process of development includes phases like exploration, feasibility studies, construction planning, the actual construction of a mine and making it operational. Some more years of wait is required for the business to become profitable. As per an analysis (based on data from 127 mines), mines have an average lead time of 15.7 years from discovery to commercial production, with a range of six to 32 years.[4] It costs US$ 500 million and US$ 1 billion to build a mine and separation plant. สล็อตเว็บตรง