| Abstract: | In 1977, Taylor proposed a constant elasticity model relating capacity choice in mines to reserves. A test of this model using a very large (n = 1,195) dataset confirms its validity but obtains significantly different estimated values for the model coefficients. Capacity is somewhat inelastic with respect to reserves, with an elasticity of 0.65 estimated for open-pit plus block-cave underground mines and 0.56 for all other underground mines. These new estimates should be useful for capacity determinations as scoping studies and as a starting point for feasibility studies. The results are robust over a wide range of deposit types, deposit sizes, and time, consistent with physical constraints on mine capacity that are largely independent of technology. ?? 2009 International Association for Mathematical Geology. |
| Genre: | Article |
| ProdID: | 70032243 |
| Citation Author: | Long, K. R. |
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| Citation End Page: | 63 |
| Citation Issue: | 1 |
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| Citation Language: | English |
| Citation Larger Work Title: | Natural Resources Research |
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| Citation Number Of Pages: | 7 |
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| Citation Search Results Text: | A test and re-estimation of Taylor‘s empirical capacity-reserve relationship; 2009; Article; Journal; Natural Resources Research; Long, K. R. |
| Citation Start Page: | 57 |
| Citation Volume: | 18 |
| Citation Year: | 2009 |
| Type: | citation/reference |
| Text: | A test and re-estimation of Taylor‘s empirical capacity-reserve relationship; 2009; Article; Journal; Natural Resources Research; Long, K. R. |
| URL (THUMBNAIL): | http://pubs.er.usgs.gov/thumbnails/outside_thumb.jpg |
| URL (DIGITAL OBJECT IDENTIFIER): | http://dx.doi.org/10.1007/s11053-009-9088-y |
| Date Other: | Thu, 1 Jan 2009 00:00 -0600 |
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