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open-pit mining
(redirected from Open pit)

   Also found in: Wikipedia 0.01 sec.
open-pit mining [¦ō·pən ¦pit ′mīn·iŋ]
(mining engineering)
Extracting metal ores and minerals that lie near the surface by removing the overlying material and breaking and loading the ore. Also known as open-cast mining; opencut mining.


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KAT, Stock Forum) tumbled 21% to 30 cents after the company confirmed that it has temporarily suspended mining operations at the Tilwezembe open pit and ore processing at the Kolwezi Concentrator, in the Democratic Republic of Congo The move comes in light of the depressed price of cobalt, says the company, which adds that it will not be producing cobalt concentrate as a result.
As such, the company plans to open three open pit mines with an average lifespan of roughly five years.
East open pit is not in operation yet, while west one has been operated for more than 90 years, since 1918.
 
 
 
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