Globally Optimising Open Pit and Underground Mining Operations under Geological Uncertainty

A method that optimises mining complexes that are comprised of multiple processing destinations, open pits and underground operations is presented. Mining, blending, processing and transportation decision variables are simultaneously optimised while accounting for geological uncertainty. The method uses a simulated annealing algorithm at different decision levels to generate a stochastic-based extraction sequence and processing policies. A case study shows its ability to generate a higher net present value while facing a reduced amount of risk when compared to traditional optimisation methods.CITATION:Montiel, L, Dimitrakopoulos, R and Kawahata, K, 2014. Globally optimising open pit and underground mining operations under geological uncertainty, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014, pp 201–212 (The Australasian Institute of Mining and Metallurgy: Melbourne).