life of mine


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life of mine

[′līf əv ′mīn]
(mining engineering)
The time in which, through the employment of the available capital, the ore reserves‒or such reasonable extension of the ore reserves as conservative geological analysis may justify‒will be extracted.
References in periodicals archive ?
The analysis resulted in an increase in the life of mine clean coal yields for the McPherson, Val D'Or and McLeod seams.
Besides the Orange River mining area, Namdeb said it continues to work on life of mine extension projects which are set to boost the life of conventional land operations to at least 2023.
Silver Wheaton has purchased 100% of the life of mine silver production from HudBay's currently producing 777 Mine, 100% of the life of mine silver production from its Constancia Project and 100% of gold production from the 777 Mine until Constancia satisfies a completion test, or the end of 2016, whichever is later.
Tata Steel Minerals Canada Limited , a joint venture partner of New Millennium Iron Corp(TSX:NML), has signed a life of mine Confidential Rail Transportation Contract and Locomotive Rental Agreement with Quebec North Shore and Labrador Railway Company Inc., a subsidiary of the Iron Ore Company of Canada.
Henderson, who is preparing Inco's annual Life of Mine Plan, which targets future exploration and engineering work, says Kelly Lake doesn't appear to have enough ore to support a 6,000 tonne-per-day operation, but is more likely about half that.
Alio reported the results of an updated Life of Mine, or LOM, plan for it's 100% owned Florida Canyon Mine in Pershing County Nevada.
The life of mine at the San Jose operation has increased by around 50 percent due to recent discoveries and is now estimated to be 12.5 years.