Strategic Mine Planning Under Uncertainty: From Complex Orebodies and Single Mines to Mining Complexes
Growing uncertainty in global markets highlight the need to focus on new technologies that can add significant value to strategic mine planning.
In the last decade a new mine planning paradigm has emerged where new technologies have been developed to account for core sources of risk and uncertainty, namely the orebodies being mined (supply) and commodity prices (demand).
This webinar will review core concepts of a new generation of applied technologies leading to:
- substantial improvement in the way uncertainty and risk are managed
- better financial assessments and metal recovery
New technologies, such as high-order geostatistical simulations and stochastic optimizers, will be first considered at the scale of single orebodies, mines, and then mine complexes which are conceptualised as a specific type of a supply chain. Concepts will be demonstrated through various case studies.
Date: February 12, 2014
Time: 12:30 pm - 1:30 pm (ET)
This is a 60-minute interactive presentation.
- Learn how to deal with uncertainty by applying new methods
- Learn how to manage risk and obtain higher rewards
Roussos Dimitrakopoulos is a Professor at McGill University, the Canada Research Chair (Tier I) in Sustainable Mineral Resource Development and Optimization Under Uncertainty and Director of the COSMO Laboratory at McGill University. Previously, he was a Professor and the Director of the Bryan Research Centre at the University of Queensland, Australia. He holds a PhD from Ecole Polytechnique, Montreal and a MSc from the University of Alberta, Edmonton. He has been working in orebody risk analysis since 1983 and during the last decade on risk-based optimization in open pit mine design. Roussos has been Senior Geostatistician for the Newmont Mining Co., Denver and Senior Consultant for Geostat Systems Int. He has taught and worked in Australia, North America, South America, Europe, the Middle East, South Africa and Japan.