Abstract:
Mining is a competitive business with many players. The survival of a mine in the
business is determined by its efficiency and cost-effectiveness relative to the other
producers. Both new and operating mines should select optimal technical variables,
such as the production rate, that will make them competitive, taking into account
mine unique project variables.
This paper describes a model for estimating the technical efficiency of surface
mine for Coal Supply to Local and Export (CSLE). The application of the model
and evaluation is shown using simulated data. It proposes a predictive model of the
efficiency of a new project.
