Importance of planning the open pits in the conditions of contemporary mining: A case study: The open pit South mining district Majdanpek

In today’s financial and environmental climate, it is imperative to develop the robust projects with good economics. Successful business in conditions of limited resources is impossible without analyzing all the technical and economic parameters and scenarios of sustainable operation. In this sense, it requires the application of mathematical algorithms implemented in the contemporary software tools able to efficiently provide the effective troubleshooting of design in complex conditions of modern mining. This paper, an example of the open pit South Mining District Majdanpek, shows the importance of planning and design the ore exploitation in achieving the maximum net present value (NPV).