Supporting Robust Strategic Underground Mine Decision-Making

- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 34
- File Size:
- 2237 KB
- Publication Date:
- May 1, 2010
Abstract
Underground mine planning practices are typically manual and time consuming and will often produce sub-optimal solutions due to the application of generic rule-of-thumb assumptions or ?tried and tested? choices. The development of computer-automated tools for underground mine planning enable a wide range of scenarios to be considered rapidly in arriving at an optimised solution, subject to input assumptions. We have applied these tools to demonstrate ?optimised? solutions that challenge industry standard practices. Further, we have incorporated grade and price/cost uncertainty into these tools to gain an understanding on how the consideration of uncertainty may further alter strategy selection. Finally, we enable the tools to dynamically adjust cut-off grades in conjunction with the evolution of prices/cost.
Citation
APA:
(2010) Supporting Robust Strategic Underground Mine Decision-MakingMLA: Supporting Robust Strategic Underground Mine Decision-Making. Canadian Institute of Mining, Metallurgy and Petroleum, 2010.