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Scenario 1 considers a region-specific mining risk for determining mining output whereas this component is ignored in scenario 2. Both scenarios come in two versions, where cobalt is considered a by-product and cobalt demand does not enter the optimization as constraint (a), and a version where Cu and Ni mining capacities are installed by taking Co supply into account.
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Liberia has an annual diamond mining capacity of between 100,000 and 150,000 carats, but the Belgian High Diamond Council (HRD) records imports of 6m carats a year.
The quake had forced an initial suspension of up to a fifth of Chile's copper mining capacity – estimated at 4.5m tonnes in concentrate annually – as Anglo American and Codelco halted output at four mines.
Most of the copper mines are in the north of the country, well away from the epicentre of the quake, and although it forced an initial suspension of up to a fifth of Chile's copper mining capacity, the state mining company, Codelco, said today it hoped to resume production within two days.
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Onn the gripping hand, drastic changes in mining capacity raise the spectre of a 51% attack.
Finally, we make sure that the mining capacity cannot be bigger than the remaining ore reserves.
Sesa Goa's practice of making only incremental capital expenditure and minor tinkering with mining capacity must go.
BHP has invested billions of dollars in its iron ore mining capacity in Western Australia's Pilbara region.
However, from the mine capacity plot for scenario 3a (in Additional file 3), we can see that even in the period of shortage of cobalt supply, the installed mining capacity can provide enough cobalt to match demand.
It means that marginal mining capacity and production is bringing in line at regional average ore grade.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com