Stochastic resource modelling and mine planning optimization
Modern geostatistics and optimization tools for the mining industry
Content and Objectives
Growing volatility and uncertainty in global markets highlight the need to focus now, more than ever, on new technologies that can add significant value to mine plans and evaluations.
This two-day course presents the new generation of applied technologies integrating conditional simulation methods for reserve risk management with new risk-based mine-planning optimization, leading to improved cash flow assessments. Emphasis is placed on the downstream applications pertinent to the feasibility, design, development and planning stages of mining ventures, as well as in the financial optimization of relevant aspects of operations and production.
Computer workshops introduce participants to the practical aspects of the technologies taught in lectures. New public domain software with graphic capabilities is introduced.
Participants will:
- Discover how and why risk-based models create value and opportunities
- Understand how to quantify and utilize grade/tonnage/metal uncertainty and variability
- Learn about new efficient simulation methods for modeling ore bodies and how to utilize the results in a diversity of mining applications
- Understand how to use quantified ore body risk in ore reserve estimation, mine planning and design, and mineral project valuation
- Learn from actual industry examples and diverse applications
- Participate in hands-on computer workshops using real case studies
Contact
Dr. Steffen Knospe
Phone: +49 5323 72-2794
eMail: steffen.knospe@tu-clausthal.de