DBPapers

FEASIBILITY STUDY AND ECONOMIC EVALUATION FOR AREA 3 OF GOL-E-GOHAR IRON ORE DEPOSIT

AUTHOR/S: F. NAMIN, H. D. JAN ABADI, K. SHAHRIAR
Sunday 1 August 2010 by Libadmin2007

7th International Scientific Conference - SGEM2007, www.sgem.org, SGEM2007 Conference Proceedings/ ISBN: 954-918181-2, June 11-15, 2007

ABSTRACT

The economical investigation is one of the most important stages in the mine
planning, as it can be a useful guide in the mine exploitation. The iron ore
district of Gol-E-Gohar (GEG) is located about 60 km south-west of the city of
Sirjan, in the Kerman Province of the Islamic Republic of Iran. Six anomalies
are known and for about 10 years, Area 1 ore is mined and processed for the
recovery of a dry as well as a wet concentrate. The proven reserves of Area 1
were about 265 million tonnes, whereas near to 100 million tonnes are already
mined. The largest anomaly in the GEG district is Area 3 with large thickness of
cap rock. This paper is a feasibility study about mine extraction and construction
of concentration and pelletizing plant from Area 3 deposit of GEG, with the
capacity of 10 million tonnes product (concentrate and pellet) per year and
we’ll pay attention to financial calculation including the provision manner of
financial resources, operation period revenue, loss and profit statement, cash
flow, net cash flow, Internal Rate of Return (IRR) and Net Present Value (NPV).
The feasibility study operating plan assumes a large open pit mine containing
proven reserves of approximately 250 million tonnes. The feasibility study
assumed an economic base case utilizing $80 per tones iron pellet. This study
has established that the Area3 of GEG can be economically developed by open
pit mining followed by a magnitude separation, flotation to generate an iron
concentrate and palletizing to generate iron pellet.
Keywords: Feasibility Study, Economic Evaluation, Iron Ore Mine, Gol-EGohar
Iron Ore Deposit.