Free digging open pit Sconi ore
Investors in the pit mine profit in two ways. It is cheaper to operate an open pit mine because less manpower and equipment is required. Strip mining, or open pit mining is profitable sooner than a shaft mine because more ore can be extracted from an open pit mine and more quickly.
Space is not restricted in open pit mining. Trucks and mining machinery are free to move around as they need to. More machines can move more ore and haul off waste rock more quickly.
A post by Blueskyone a while ago. Many thanks to him
Ann: Trading Halt, page-298
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