TECHNOLOGY

Finns develop new model for mine profitability

Researchers at Finland’s Lappeenranta University of Technology (LUT) have developed a new model to calculate the profitability of mining operations.

Nadav Shemer
Lappeenranta University is claiming a new model for calculating mine profitability

Lappeenranta University is claiming a new model for calculating mine profitability

The techno-economic system model comprises four parts, each of which affects the profitability of a mine: production, cash flow, balance sheet, and profitability. The parts are interlinked, with a change...

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