EFFECT OF EQUIPMENT UTILISATION ON ECONOMICS OF MINING PROJECT-A CASE STUDY

Open pit mining in the world today has cyclic reappearance with prominent role in to mining sphere. The proportion of mineral own by open cast mining is increasing from year to year. This is due to the rapid strides made in the field of manufacture of open pit machinery. There has been a design explosion in the field of machinery, which have grown into enormous sizes with production capacities hitherto un imagined. In any commercial establishment, the objective is to get maximum return per unit of investment. Improper utilization of HEMM have negative consequences on the production, productivity and production cost leading to loss of revenue. There is definite need to highlight the impact of utilization of equipment on the economics of the project.