Using a Pit Optimization Tool to Calculate Oil Sands Mining Inventory

ABSTRACT Oil sands production occurs on a massive scale, making orebody estimation a challenge. In rainy conditions, operators can have difficulty accessing ore at the mapped location. Without enough inventory as a buffer, the high-cost stockpile is depleted quickly, necessitating the removal of significant amounts of overburden and interburden to meet plant feed requirements. The inventory curve—a plot of ore inventory on a period-by-period basis—plays an important role in selecting an appropriate scheduling scenario. This paper presents a programmable method for creating an inventory definition by using a pit optimization tool.