Finns develop new model for mine profitability

Researchers at Finland’s Lappeenranta University of Technology (LUT) have developed a new model to calculate the profitability of mining operations.

Finns develop new model for mine profitability Finns develop new model for mine profitability Finns develop new model for mine profitability Finns develop new model for mine profitability Finns develop new model for mine profitability

Lappeenranta University is claiming a new model for calculating mine profitability

The techno-economic system model comprises four parts, each of which affects the profitability of a mine: production, cash flow, balance sheet, and profitability.