RE:There is value Operating a mine, whether underground or open pit, is a large-scale project. So it’s not surprising that mining projects can take 10 to 15 years to launch, and may be subject to a number of major decisions. In fact, operating a mine involves a series of steps, from the discovery of the deposit to the closing of the mine. The cycle comprises the following steps:
- Exploration and feasibility
- Development and construction
- Mining operations
- Closing and restoration