RISK ASSESSMENT OF FLOODED EQUIPMENT REVITALIZATION ON OPENCAST COAL MINE TAMNAVA-WEST FIELD

Unprecedented floods in 2014 caused huge consequences on Serbian lignite opencast mines, such as halt of coal production and damages of the mining equipment. Three equipment revitalization options were urgently assessed to continue with coal production on opencast mine Tamnava-West Field. This paper compares the economic risks of the three investment options for lignite mine Tamnava-West Field mining equipment revitalization, based on this experience and probable risk of a repeated event. The results of the detailed quantitative risk analysis should verify the urgent decision and ranked with a multiple-criteria decision analysis.