🥁 If you missed the webinar on 'Maximize Mine Profitability with a Safe, Sustainable and Flexible Design Strategy,' you can now watch it below. If you have any questions, please add them in the comment box, and we'll get back to you soon.
Topic: Maximize Mine Profitability with a Safe, Sustainable and Flexible Design Strategy
Summary: Generating mine plans quickly and efficiently has always been a key target of mine planner around the world but today with even more key indicators to monitor and constraints to take in to account how can we be sure that we have created the optimal plan? It’s easy to get lost and focus on a single parameter, using this as a proxy for total value of the project, in the past there was an intense focus on NPV as the single metric for optimization and while this is a very useful measurement it’s not the only one that determines a successful plan.
Working with a number of clients we have sought to bring together capabilities to generate not just a single optimal plan but instead a wide selection of scenarios where we vary a range of parameters to discover not just which factors individually drive an optimal plan but also how they interact with each other. This elevates the level of understanding of a project and allows the mine planner to state with confidence what trade offs are available to drive the objects of the operation. In this webinar we will show the concepts of multi-parameter analysis, how to vary and control the inputs needed and how cutting-edge algorithms are allowing us to achieve more than ever before without sacrificing our traditional approach to life of mine optimisation.
Our case study will focus on how a mining company were able to extract superior NPV from their existing operating pit by analyzing factors such as mining direction, phases generation, commodity price volatility, equipment utilization and more while generating plans that were robust to the market forces that surround us. On top of that we will also show the next steps of how we translate these plans into operational mine designs.
Presenters:
@GB - GEOVIA Industry Process Expert Director
@RG - GEOVIA Industry Process Specialist
About CIM:
CIM is Canada’s leading technical industry resource for the minerals, metals, materials and petroleum sectors. We are dedicated to advancing knowledge, facilitating innovation, celebrating excellence and promoting sustainable practices across the full spectrum of our industry. With over 10,000 members, 30 local and international branches, 11 societies and 11 committees, we are the premier source for industry professional development.
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