Computer Modelling Techniques and their Application to mine Evaluation and Operation

The capital requirements to develop a new mining venture are becoming very large; amounts of the order of US$1,000 million are not now unusual among estimates to bring new mining complexes into production. At the same time prevailing political and economic conditions are making it increasingly difficult to determine whether or not a project is likely to be viable. These factors emphasise the need to carry out thorough evaluation studies of all mineral prospects before making major investment. Additionally with the rapidly changing economic climate existing at the present time, it is becoming more and more necessary to carry out reappraisals of existing mines. An important function of both initial evaluations and reappraisals is to provide the operators of the mine with effective mining plans to ensure that the operation will meet its required economic targets. P, p M. tl p b, c v, s c 1 n 1 f r d c e c e u w Modern computers are well equipped to store and manipulate large amounts of data with speed and reliability. Their use in the mining field r is increasing and this trend serves to free f technical staff from much of the time consuming m and error prone hand calculations which were o formerly required in determining reserves and w carrying out all forms of mine planning. r Nevertheless, computers are not a universal