Underground aggregate mining in Athens: a promising investment plan

The introduction of stricter environmental regulations regarding the operation of open-pit quarries in the wider area of Athens has resulted in the closure of many quarrying operations. The aggregate production cannot further ensure the meeting of demand in the area and alternative schemes are being examined so as to provide long-term solutions to that issue. This paper focuses on the development of underground aggregate exploitations in the region, providing the basis for an in depth financial appraisal supported by the mine design process which also involves the utilisation of the underground space. It is proved that beyond the environmental advantages offered by this particular solution, underground limestone mining is also an attractive investment plan, Critical importance to the latter plays the space utilisation process that can be looked as a real estate development project. (C) 2001 Elsevier Science Ltd. All rights reserved.