Stripping Ratios
Stripping Ratios
Stripping Ratios
SCIENCES
FACULTY OF MINING SCIENCES
STRIPPING RATIOS
ENGP223
Mr M.Mlambo
Stripping ratio
Stripping ratio- it is ratio that represents the amount of uneconomic material that must be
removed to uncover one unit of ore.
• It is a measure of the amount of waste (in cubic meter) that must be removed in order to
mine one unit of ore (tonnes).
• Stripping ratios vary in a wide range from very low under favourable conditions to high
(20:1) in adverse conditions.
• Ratios tend to be low for hard rocks and high for soft rocks, especially where direct
casting of overburden can be done by the excavator.
• Overall stripping ratio- this is the ratio of the total volume waste to the ore volume.
• Cut off stripping ratio- this is the one for which the cost of mining the ore and waste are
equal.
Factors considered to determine cost include:
• the added cost of mining as the pit deepens.
• The interest charges on the pre-stripping of waste.
• Processing to marketable product.
Revenue is affected by:
• Ore grade.
• Market price of the final product.
The pit limits and sequence of mining are determined ultimately by economics.
A lower stripping ratio means that less waste has to be
removed to expose the ore for mining which generally results
in a lower operating cost [5].
The major types of stripping ratios are overall, instantaneous,
and break-even.
Why we need to determine SR
I = Revenue/tonne of ore
CT = production cost per tonne of ore (incl. all costs to the point of sale,
excluding stripping)
CW = stripping cost per tonne of waste
For example:
Example
Determine the BESR in mining and processing a 0.60% copper ore deposit if the selling
price of copper in concentrate is $1.63/kg and the overall unit costs are $6.80/ton and
the cost of handling unit weigh of waste is $7.50/ton.
The overall recovery is 92%.
= 0.29 = 0.3 is the maximum allowable stripping ratio for break even
This mean the income generated by one unit of 0.6% graded copper is able to offset the
cost of 3 units waste at no profit (Income = Cost).
Example 2
• The sale value of iron ore from an open pit mine is US$6500/t.
Cost of mining excluding stripping cost is US$2450/t. if the
costs of stripping is US$1150/m3, calculate the BESR.
• Solution
Profit = sale value – cost of mining (excl. stripping costs)
= US$6500 – US$2450
= US$4050
BESR = profit/ stripping cost
= US$4050/US$1150
= 3.52 : 1
Cut-off grade
• A cut-off grade is the grade at which a mineral deposit can be
economically mined or processed.
• The cut-off grade is determined by the cost to mine a
deposit, and the price that a company can sell the
underlying commodity.
• The higher the cost to mine, the higher the cut-off grade,
whereas the higher the price of the commodity the lower
the cut-off grade.
• Cut-off grades can change based on a number of factors,
including the type of deposit (shallow or deep), commodity
prices, ease of access, location and many more factors
that impact costs of mining.
Break-even cut-off grade
• For conducting a mining project’s break even analysis, you
first need to know about the operational expenses (OPEX).
• When the OPEX is known, you can calculate the mineral’s
cut off grade, which is the break even grade, below which
it is not economically viable to mine the ore.
• Mining cost/ton ore = Mining cost per tonne material x
(1 + stripping ratio)
• Head grade = Average grade of blocks above cut-off
grade.
• Daily production of waste = Daily production of ore x
SR
• Annual production of metal = daily production of ore x
head grade x working days/year x recovery
• Annual ore production = daily ore production x working
days per year
• Mine life = mineable ore reserves/ annual ore
production
Overburden stripping strategies