Derivation Of Reserves And The Optimal Exploitation Of Resources At Hamersley

The mineral resources of Hamersley Iron are structurally complex with fluctuations in mineral chemistry. Besides orebody charact- eristics, mineral recovery is also affected by stringent product quality demands from the competititve steel industry. Under such conditions, a geological ore reserve estimate has little meaning because it is unqualified and presupposes the defini- tion of ore. A system was developed in Hamersley - the Mine Planning Technique - to optimise recovery from available resources. This incremental planning method reduces a geological reserve statement into a simple, logical sequence of events. While there are limitations in the method used, the benefits are enormous. Among its' numerous applications, the schedule - the end product of the technique - plays an important role at Management level in decision making and policy formulation on all aspects of resource exploitation.