Mining of Mineral Deposits

ISSN 2415-3443 (Online)

ISSN 2415-3435 (Print)

Flag Counter

Assessment of the using a mobile crushing and sorting plant investment attractiveness at the development of construction material quarries

Borys Sobko1, Oleksii Lozhnikov1, Vitalii Kriachek1

1Dnipro University of Technology, Dnipro, Ukraine


Min. miner. depos. 2024, 18(4):34-44


https://doi.org/10.33271/mining18.04.034

Full text (PDF)


      ABSTRACT

      Purpose. To establish the influence of the quarry depth at the construction materials deposit mining on the payback period of investments when using the haulage mining system (HMS), cyclic flow technology (CFT), and mobile crushing and sorting plant (MCSP) with a comparison of its efficiency.

      Methods. The research used discounted value of cash flow methods to determine the company’s net present value (NPV) and the investment payback period. When establishing a mining enterprise’s technical and economic performance indicators, the present value factor of future costs and profits was considered.

      Findings. According to the total discounted cash flow value indicator, the technological scheme using a mobile crushing and sorting plant is the most attractive in the quarry depth range of 50-150 m. According to this indicator, it was established that it is better in comparison with the schemes of the haulage mining system and cyclic flow technology, respectively, by 19 and 26% at a quarry depth of 50 m. When the quarry depth increases from 100 to 150 m, the efficiency of the MCSP scheme in terms of the indicator of total cash flow will be 5.2 and 5.8 times exceeding the indicators of the CFT and HMS schemes, respectively.

      Originality. The impact of the quarry depth mining on the indicators of the cash flow discounted value, the net income of the enterprise NPV, and the payback period of the investment was determined, which allowed to determine the most effective technological scheme at the given quarry productivity of 1.6 million m3/year. It was determined that using a scheme with a mobile crushing and sorting plant compared to other schemes in the cash flow total cost indicator is more effective by 17-28% at a quarry development depth of 50 m. At the same time, at a quarry depth of 150 m, the effectiveness of the technological scheme of MCSP by the enterprise total profit indicator increases significantly to 2.0 and 3.5 times superior to the CFT and HMS schemes, respectively.

      Practical implications. The conducted research is essential when choosing technological schemes for exploiting construction raw materials quarries when their development depth increases. This result is especially relevant for mining companies that produce crushed stone, where mobile crushing and sorting plants can significantly improve economic efficiency.

      Keywords: quarry, construction material deposits, cyclic flow technology, mobile crusher, investment payback period


      REFERENCES

  1. Sobko, B.Yu., Lozhnikov, O.V., Chebanov, M.O., & Kriachek, V.P. (2024). Establishing the influence of the quarry depth on the indicators of cyclic flow technology during the development of non-ore deposits. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 1, 5-12. https://doi.org/10.33271/nvngu/2024-1/005
  2. Symonenko, V.I., Haddad, J.S., Cherniaiev, O.V., Rastsvietaiev, V.O., & Al-Rawashdeh, M.O. (2019). Substantiating systems of open-pit mining equipment in the context of specific cost. Journal of the Institution of Engineers (India): Series D, 100, 301-305.https://doi.org/10.1007/s40033-019-00185-2
  3. Kuchersky, N., Shelepov, V., Gumenik, I., & Lozhnikov, O. (2015). Development of inclined conveyor hard rock transportation technology by the cyclical-and-continuous method. Proceedings of the 12th International Symposium Continuous Surface Mining-Aachen, 41-46. https://doi.org/10.1007/978-3-319-12301-1_5
  4. Sobko, B., Lozhnikov, O., Chebanov, M., & Vinivitin, D. (2022). Substantiation of the optimal parameters of the bench elements and slopes of iron ore pits. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 5, 26-32.https://doi.org/10.33271/nvngu/2022-5/026
  5. Symonenko, V., Hrytsenko, L., & Cherniaiev, O. (2016). Organization of non-metallic deposits development by steep excavation layers. Mining of Mineral Deposits, 10(4), 68-73. https://doi.org/10.15407/mining10.04.068
  6. Prokopenko, V., Pilov, P., Cherep, A., & Pilova, D. (2020). Managing mining enterprise productivity by open pit reconstruction. Eurasian Mining, 1, 42-46.https://doi.org/10.17580/em.2020.01.08
  7. Saik, P., Cherniaiev, O., Anisimov, O., Dychkovskyi, R., & Adamchuk, A. (2023). Mining of non-metallic mineral deposits in the context of Ukraine’s reconstruction in the war and post-war periods. Mining of Mineral Deposits, 17(4), 91-102.https:///doi.org/10.33271/mining17.04.091
  8. Shustov, O.O., Pavlychenko, A.V, Bielov, O.P., Adamchuk, A.A., & Borysovska, O.O. (2021). Calculation of the overburden ratio by the method of financial and mathematical averaged costs. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 5, 30-36. https://doi.org/10.33271/nvngu/2021-5/030
  9. Mireku-Gyimah, D., & Ansah, N.O. (2017). An economic evaluation of the Loye quarry of Atiwa quarries limited. Ghana Mining Journal, 17(1), 43-53. https://doi.org/10.4314/gm.v17i1.5
  10. Cherniaiev, O., Anisimov, O., Saik, P., & Akimov, O. (2024). Theoretical substantiation of water inflow into the mined-out space of quarries mining hard-rock building materials. IOP Conference Series: Earth and Environmental Science, 1319(1), 012002. https://doi.org/10.1088/1755-1315/1319/1/012004
  11. Lozhnikov, O., Sobko, B., & Pavlychenko, A. (2023). Technological solutions for increasing the efficiency of beneficiation processes at the mining of titanium-zirconium deposits. Inzynieria Mineralna, 1(1(51)), 61-68. https://doi.org/10.29227/IM-2023-01-07
  12. Sdvyzhkova, O., Moldabayev, S., Bascetin, A., Babets, D., Kuldeyev, E., Sultanbekova, Z., & Issakov, B. (2022). Probabilistic assessment of slope stability at ore mining with steep layers in deep open pits. Mining of Mineral Deposits, 16(4), 11-18. https://doi.org/10.33271/mining16.04.011
  13. Dryzhenko, A., Moldabayev, S., Shustov, A., Adamchuk, A., & Sarybayev, N. (2017). Open pit mining technology of steeply dipping mineral occurences by steeply inclined sublayers. International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, 17(13), 599-606. https://doi.org/10.5593/sgem2017/13/s03.076
  14. Anisimov, O., Symonenko, V., Cherniaiev, O., & Shustov, O. (2018). Formation of safety conditions for development of deposits by open mining. E3S Web of Conferences, 60, 00016. https://doi.org/10.1051/e3sconf/20186000016
  15. Mariz, J.L.V., Juvenal, R.S., Rocha, S.S., Assis, A.A.A., & Souza, J.C. (2019). Preliminary study of economic feasibility of a project of aggregates mining through probabilistic analysis. Anais dos Seminários de Redução, Minério de Ferro e Aglomeração, 20, 1-3. http://doi.org/10.5151/2594-357X-33616
  16. Joshi, D., Chithaluru, P., Singh, A., Yadav, A., Elkamchouchi, D.H., Breñosa, J., & Anand, D. (2022). An optimized open pit mine application for limestone quarry production scheduling to maximize net present value. Mathematics, 10(21), 4140.https://doi.org/10.3390/math10214140
  17. Adesida, P.A., Gbolagade, M.A., & Opafunso, Z.O. (2017). Effect of capital and operating cost on the aggregate production in some selected quarries in North-Central Nigeria. British Journal of Applied Science and Technology, 21(3), 1-9. https://doi.org/10.9734/BJAST/2017/32187
  18. Moura, L.C., André, F.P., Miceli, H., Neumann, R., & Tavares, L.M. (2019). Manufactured feldspar-quartz sand for glass industry from gneiss quarry rock fines using dry rare-earth magnetic separation. Mineral Processing and Extractive Metallurgy Review, 40(5), 333-343.https://doi.org/10.1080/08827508.2019.1643341
  19. Moldabayev, S.K., Sultanbekova, Z.Z., Adamchuk, A.A., Sarybaev, N.O., & Nurmanova, A.N. (2022). Technology of an open pit refinement under limit stability of sides. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 6, 5-10. https://doi.org/10.33271/nvngu/2022-6/005
  20. Chebanov, M., Sobko, B., & Petlovanyi, M. (2024). Substantiating the rational parameters for a complicated non-transport system when mining low-thickness fireclay deposits. IOP Conference Series: Earth and Environmental Science, 1319(1), 012001. https://doi.org/10.1088/1755-1315/1319/1/012001
  21. Gorova, A., Pavlychenko, A., Kulyna, S., & Shkremetko, O. (2012). Ecological problems of post-industrial mining areas. Geomechanical Processes During Underground Mining, 35-40. https://doi.org/10.1201/b13157-7
  22. Moldabayev, S.K., Adamchuk, A.A., Toktarov, A.A., Aben, E., & Shustov, O.O. (2020). Approbation of the technology of efficient application of excavator-automobile complexes in the deep open mines. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 4, 30-38. https://doi.org/10.33271/nvngu/2020-4/030

    23. Лицензия Creative Commons

Copyright © 2024 Dnipro University of Technology

Underground Mining Department

All Rights Reserved.

Journal homepage Authors