Download or read book Ore Reserve Estimation and Strategic Mine Planning written by Roussos Dimitrakopoulos and published by Springer. This book was released on 2010-11-16 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mining business faces continual risks in producing metals and raw materials under fluctuating market demand. At the same time, the greatest uncertainty driving the risk and profitability of mining investments is the geological variability of mineral deposits. This supply uncertainty affects the prediction of economic value from the initial valuation of a mining project through mine planning, design and production scheduling. This book is the first of its kind, presenting state-of-the-art stochastic simulation and optimization techniques and step-by-step case studies. Quantification of geological uncertainty through new efficient conditional simulation techniques for large deposits, integration of uncertainty to stochastic optimization formulations for design and production scheduling and the concurrent management of risk are shown to create flexibility, options and oportunities, increase asset value, cashflows and return on investment. New approaches introduced include resource/reserve risk quantification, cost-effective drilling programs, pit design and long-term production scheduling optimization with simulated orebodies, ore reserve classification, geologic risk discounting, waste managing and demand driven scheduling, risk assessment in meeting project production schedules ahead of mining, risk based optimal stope design, options valuation when mining. Applications include commodities such as gold, copper, nickel, iron ore, coal and diamonds.

Download or read book Risk Quantificaiton in Ore Reserve Estimation and Open Pit Mine Planning written by Christopher Terence Farrelly and published by . This book was released on 2002 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mining Project Value Optimization written by Greg Guanlin You and published by Springer. This book was released on 2024-11-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a holistic approach of integrated mine planning and scheduling to optimize mining projects using the discounted cash flow rate of return (DCF-ROR) method. There are nine chapters in the book. Chapter 1 is the Introduction, which provides overviews of mineral assets, minerals in Australia, mineral exploration, mining methods, and significance of valuation, optimization, and integrated mine planning. Chapter 2 is the Mineral Resources and Ore Reserves Estimation, including grade composition method, inverse distance weighting method, ordinary Kriging method and block model. Chapter 3 is the Feasibility Study that delves into three phased feasibility study, namely scoping, prefeasibility and feasibility studies, data requirements, risk identification and mitigation in the feasibility study, and mining project cost estimation. Chapter 4 is the Valuation of Mineral Projects. It starts with the time value of money; followed by methods to calculate cash flow, discounted cash flow (DCF), net present value (NPV), internal rate of return (IRR) and payback period; valuation methods, including market-, income-, and cost-based approaches; and finally the sensitivity study of key factors influencing the valuation of mining projects. Chapter 5 is the Mine Planning and Open Pit Optimization that covers different types of mine planning, block model valuation, Lerchs-Grossmann and floating cone techniques for pit optimization. Chapter 6 is the Life of Mine Optimization that details a case study of strip mining optimization using the DCF-ROR method and integrated LOM optimization of open pit mining. Chapter 7 is the Production Schedule Optimization of Surface Mining, covering production schedule optimization, equipment availability and utilization, and loading and hauling equipment match optimization. Chapter 8 is the Optimization of Underground Mine Planning and Scheduling that delves to a case study of room and pillar mining optimization using the DCF-ROR method and mathematical programs for underground stope layout and production schedule optimization. Chapter 9 is the Conclusion of the book. The book can benefit students and professionals in multiple ways. Firstly, divisions and confusions may arise from different contexts of technical frameworks, taxation, and relevant legislations in literature. Having quality contents in one book will improve the efficiency of study. Secondly, the inclusion of plentiful hands-on examples and calculation tables underscores the practical application of the concepts, bridging the gap between theoretical knowledge and real-world scenarios. Thirdly, the book adopts an integrated approach to evaluate and optimize mineral projects, utilizing methodologies such as DCF-ROR for optimization, ordinary Kriging for ore reserve estimation, and multi-level optimization including strategic planning, pit optimization, life of mine optimization, and production schedule optimization. Finally, the content is fully aligned with internationally recognized standards such as the VALMIN and JORC codes, ensuring compliance with industry best practices and guidelines.

Download or read book Open Pit Mine Planning and Design Two Volume Set CD ROM Pack written by William A. Hustrulid and published by CRC Press. This book was released on 2013-07-31 with total page 1329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on the success of its 2006 predecessor, this 3rd edition of Open Pit Mine Planning and Design has been both updated and extended, ensuring that it remains the most complete and authoritative account of modern open pit mining available. Five new chapters on unit operations have been added, the revenues and costs chapter has been substantial

Download or read book Risk Management in Evaluating Mineral Deposits written by Jean-Michel Rendu and published by Society for Mining, Metallurgy, and Exploration, Incorporated. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a mining professional with a strong background in technical and financial studies, risk assessment, and statistics, this book provides a detailed suite of tools so you can determine whether investing in a mining project makes sense for you. Jean-Michel Rendu provides a comprehensive guide to determine when to invest, when to demand a plan that reduces the risks, and when to just walk away.

Download or read book Advances in Applied Strategic Mine Planning written by Roussos Dimitrakopoulos and published by Springer. This book was released on 2018-01-17 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a collection of papers on topics in the field of strategic mine planning, including orebody modeling, mine-planning optimization and the optimization of mining complexes. Elaborating on the state of the art in the field, it describes the latest technologies and related research as well as the applications of a range of related technologies in diverse industrial contexts.

Download or read book Open Pit Mine Planning and Design Two Volume Set Second Edition written by William A. Hustrulid and published by CRC Press. This book was released on 2006-04-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outstanding textbook designed for courses in surface mine design, open pit design, geological excavation engineering and in advanced open pit mine planning and design. The step-by-step introduction to mine design and planning enables a fast-path approach to the matter by undergraduate and graduate students. The excellent, user-friendly software guides the student through the planning and design steps, and the drillhole data sets allows the student to practice the described principles in diverse mining properties case examples. The large number of illustrative examples and case studies, together with the exercises and the reference lists at the end of each chapter, provide the student with all the material needed to study effectively the theory and application methods of open pit mine planning and design. Volume 1 deals with the fundamental concepts involved in the planning and design of open pit mines. Subjects covered are mine planning, mining revenues and costs, orebody description, geometrical considerations, pit limits, production planning, mineral resources and ore reserves, and responsible mining. Volume 2 deals with CSMine, a user-friendly mine planning and design software that was developed specifically to illustrate the principles involved when applied in practice. It includes CSMine software, a CSMine tutorial, a user’s guide and various orebody case examples. Although intended as student course material, many practitioners have used it as a practical reference guide.

Download or read book Geostatistical Analysis of the Troilus Deposit Uncertainty and Risk Assessment of the Mine Planning Strategy written by Pascal Dubé and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Orebody Modelling and Strategic Mine Planning written by Roussos Dimitrakopoulos and published by . This book was released on 2005 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advanced Analytics in Mining Engineering written by Ali Soofastaei and published by Springer Nature. This book was released on 2022-02-23 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Dr. Soofastaei and his colleagues reveal how all mining managers can effectively deploy advanced analytics in their day-to-day operations- one business decision at a time. Most mining companies have a massive amount of data at their disposal. However, they cannot use the stored data in any meaningful way. The powerful new business tool-advanced analytics enables many mining companies to aggressively leverage their data in key business decisions and processes with impressive results. From statistical analysis to machine learning and artificial intelligence, the authors show how many analytical tools can improve decisions about everything in the mine value chain, from exploration to marketing. Combining the science of advanced analytics with the mining industrial business solutions, introduce the “Advanced Analytics in Mining Engineering Book” as a practical road map and tools for unleashing the potential buried in your company’s data. The book is aimed at providing mining executives, managers, and research and development teams with an understanding of the business value and applicability of different analytic approaches and helping data analytics leads by giving them a business framework in which to assess the value, cost, and risk of potential analytical solutions. In addition, the book will provide the next generation of miners – undergraduate and graduate IT and mining engineering students – with an understanding of data analytics applied to the mining industry. By providing a book with chapters structured in line with the mining value chain, we will provide a clear, enterprise-level view of where and how advanced data analytics can best be applied. This book highlights the potential to interconnect activities in the mining enterprise better. Furthermore, the book explores the opportunities for optimization and increased productivity offered by better interoperability along the mining value chain – in line with the emerging vision of creating a digital mine with much-enhanced capabilities for modeling, simulation, and the use of digital twins – in line with leading “digital” industries.

Download or read book Geostatistical Ore Reserve Estimation written by M. David and published by Elsevier. This book was released on 2012-12-02 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments in Geomathematics, 2: Geostatistical Ore Reserve Estimation focuses on the methodologies, processes, and principles involved in geostatistical ore reserve estimation, including the use of variogram, sampling, theoretical models, and variances and covariances. The publication first takes a look at elementary statistical theory and applications; contribution of distributions to mineral reserves problems; and evaluation of methods used in ore reserve calculations. Concerns cover estimation problems during a mine life, origin and credentials of geostatistics, precision of a sampling campaign and prediction of the effect of further sampling, exercises on grade-tonnage curves, theoretical models of distributions, and computational remarks on variances and covariances. The text then examines variogram and the practice of variogram modeling. Discussions focus on solving problems in one dimension, linear combinations and average values, theoretical models of isotropic variograms, the variogram as a geological features descriptor, and the variogram as the fundamental function in error computations. The manuscript ponders on statistical problems in sample preparation, orebody modeling, grade-tonnage curves, ore-waste selection, and planning problems, the practice of kriging, and the effective computation of block variances. The text is a valuable source of data for researchers interested in geostatistical ore reserve estimation.

Download or read book Computer Applications in the Mineral Industries written by Heping Xie and published by CRC Press. This book was released on 2020-12-17 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text covers the use of computer applications in the mineral industries, encompassing topics such as the use of computer visualization in mining systems and aspects such as ventilation and safety.

Download or read book Mineral Resource Estimation written by Mario E. Rossi and published by Springer Science & Business Media. This book was released on 2013-12-21 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mineral resource estimation has changed considerably in the past 25 years: geostatistical techniques have become commonplace and continue to evolve; computational horsepower has revolutionized all facets of numerical modeling; mining and processing operations are often larger; and uncertainty quantification is becoming standard practice. Recent books focus on historical methods or details of geostatistical theory. So there is a growing need to collect and synthesize the practice of modern mineral resource estimation into a book for undergraduate students, beginning graduate students, and young geologists and engineers. It is especially fruitful that this book is written by authors with years of relevant experience performing mineral resource estimation and with years of relevant teaching experience. This comprehensive textbook and reference fills this need.

Download or read book Open Pit Mine Planning Design Fundamentals written by W. A. Hustrulid and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on the success of its 2006 predecessor, this 3rd edition of Open Pit Mine Planning and Design has been both updated and extended, ensuring that it remains the most complete and authoritative account of modern open pit mining available. Five new chapters on unit operations have been added, the revenues and costs chapter has been substantially revised and updated, and the references have been brought fully up to date. In addition, the pack now also includes a fully working version of the MicroMODEL mine planning software package. Volume 1 deals with the fundamental concepts involved in the planning and design of open pit mines. Subjects covered are mine planning, mining revenues and costs, orebody description, geometrical considerations, pit limits, production planning, mineral resources and ore reserves, responsible mining, rock blasting, rotary drilling, shovel loading, haulage trucks and machine availability and utilization. Volume 2 includes CSMine and MicroMODEL, user-friendly mine planning and design software packages developed specifically to illustrate the practical application of the involved principles. It also comprises the CSMine and MicroMODEL tutorials and user's manuals and eight orebody case examples, including drillhole data sets for performing a complete open pit mine evaluation. Open Pit Mine Planning and Design is an excellent textbook for courses in surface mine design, open pit design, geological and excavation engineering, and in advanced open pit mine planning and design. The principles described apply worldwide. In addition, the work can be used as a practical reference by professionals. The step-by-step approach to mine design and planning offers a fast-path approach to the material for both undergraduate and graduate students. The outstanding software guides the student through the planning and design steps, and the eight drillhole data sets allow the student to practice the described principles on different mining properties (three copper properties, three iron properties and two gold properties). The well-written text, the large number of illustrative examples and case studies, the included software, the review questions and exercises and the reference lists included at the end of each chapter provide the student with all the material needed to effectively learn the theory and application of open pit mine planning and design.

Download or read book The Business of Mining written by Ifan Odwyn Jones and published by CRC Press. This book was released on 2019-12-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Business of Mining complete set of three Focus books provides readers with a holistic all-embracing appraisal of the analytical tools available for assessing the economic viability of prospective mines. Each volume has a discrete focus. This third volume commences with "Our Earth, its Minerals and Ore Bodies", followed by a review of mineral exploration and sampling of mineral deposits. It continues with detailed sections covering the reporting of mineral resources and reserves in Australia, and concludes with the basic principles and application of the various methods of estimating the in-situ mineral resources and ore reserves. The books were written primarily for undergraduate applied geologists, mining engineers and extractive metallurgists and those pursuing course-based postgraduate programs in mineral economics. However, the complete series will also be an extremely useful reference text for practicing mining professionals as well as for consultant geologists, mining engineers or primary metallurgists.

Download or read book Advanced Geostatistics in Ore Reserve Estimation and Mine Planning written by Young C. Kim and published by . This book was released on 1977 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Determining Optimal Open Pit to Underground Mine Transition Depth Using Stochastic Mine Planning Techniques written by James MacNeil and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Years of open pit mine production results in a pit of increased width and depth. This causes the cost of producing deeper ore to increase. The ore produced can also be more heavily diluted by surrounding waste. In order to increase the amount of economic reserves and mine life, a transition to underground mining can be made. There is a threshold where mining through underground methods becomes more profitable than open pit, and it is important to effectively identify this threshold as it can have a great impact on a mine's profits. This thesis uses stochastic mine planning methods to identify the optimal open pit to underground mining (OP-UG) transition depth. The method proposed herein decomposes the problem by identifying a series of candidate scenarios where it is feasible to make an OP-UG transition. The economic viability of each member of the set of candidate transition depths is then evaluated by producing uncertainty-based life-of-mine production plans which are used to outline expected yearly cash flows. An initial application of this proposed method is presented in Chapter 3 where the benefits of using stochastic mine planning to provide well-informed long-term strategic decision-making criteria are observed. Specifically, an application of the stochastic approach produces operational schedules which lead to a 9% or $43 M increase in net present value (NPV) over the corresponding deterministic framework. A second work presented in Chapter 4 describes the application of the proposed method at Geita gold mine, a large gold mine in Eastern Africa. At this operation, future ore production is forecasted to fall well below the mill's capacity, and to supplement this deficiency a transition from open pit to underground mining is being considered. The resulting analysis from the proposed stochastic framework shows that the most profitable decision involves forgoing underground mine development and continuing to produce through solely open pit mining for the foreseeable future. Valuable insights towards the risk associated with the proposed mine design are gained through stochastic risk analysis. Results show a 23% NPV increase for the stochastic mine plans when compared to the conventional deterministic equivalent." --