{"id":1162838,"date":"2020-01-30T17:48:33","date_gmt":"2020-01-30T23:48:33","guid":{"rendered":"https:\/\/www.mining.com\/?p=1012588"},"modified":"2020-01-30T17:48:33","modified_gmt":"2020-01-30T23:48:33","slug":"mine-planning-from-strategy-to-operation-to-optimization","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1162838","title":{"rendered":"Mine planning: From strategy to operation to optimization"},"content":{"rendered":"<p>While mine planners need to design and implement plans<br \/>\nthat are safe and environmentally sustainable, the biggest factor in the<br \/>\nsuccess of a mining operation \u2014 what will ultimately determine<br \/>\nwhether it will proceed through feasibility studies and onto construction and<br \/>\ndevelopment \u2014 is the level of potential<br \/>\nprofitability. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The drive to exploit a mineral resource such that it adds as much value as possible to the market requires a continual update of the mine plan and the rapid implementation of any value-adding opportunities as they arise.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>As commodity price assumptions change, the strategic mine plan should be updated accordingly<\/p>\n<\/blockquote>\n<\/figure>\n<p>The basis for determining this value is embedded in the strategic mine planning process. As inputs, the mine planning process should include non-controllable variables while seeking to leverage the controllable variables to generate maximum value across the life of a mining project. <\/p>\n<p>The non-renewable nature of a mineral resource extraction project calls for a unique aspect to the analysis that is unlike those used in traditional industries.<\/p>\n<p>As orebody knowledge improves, technical and operational parameters and conditions are better understood.  And as commodity price assumptions change, the strategic mine plan should be updated accordingly.<\/p>\n<p><em><a rel=\"noreferrer noopener\" aria-label=\"EduMine (opens in a new tab)\" href=\"https:\/\/www.edumine.com\/\" >EduMine<\/a><\/em> offers a range of online courses that delve into each of the key controllable technical levers for valuation creation as part of the strategic mine planning process and offer key insights into how the operation may gain additional value. <\/p>\n<p>The first of these levers, including Mining Method Selection, Process Route Selection and Scale of Operation levers are discussed in <a href=\"https:\/\/learn.edumine.com\/store\/625677-mine-planning-1-strategy\"><strong>Mine Planning 1 &#8211; Strategy<\/strong><\/a>. <\/p>\n<p>The Sequence and Scheduling process and the development of a Cut-off Grade Policy are presented in <strong><a href=\"https:\/\/learn.edumine.com\/store\/629946-mine-planning-2-operations\">Mine Planning 2 &#8211; Operations<\/a><\/strong>. <\/p>\n<p>Finally, the <strong><a href=\"https:\/\/learn.edumine.com\/store\/637534-mine-planning-3-optimization\">Mine Planning 3 &#8211; Optimization<\/a><\/strong> course outlines common optimization algorithms that have been adopted, as well as some programming techniques that may be used to computerize planning processes. <\/p>\n<p>Learn <a href=\"https:\/\/learn.edumine.com\/store\"  rel=\"noreferrer noopener\" aria-label=\"more here. (opens in a new tab)\">more here.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Edumine has what you need to know.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2648,624,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1162838"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1162838"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1162838\/revisions"}],"predecessor-version":[{"id":1162841,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1162838\/revisions\/1162841"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1162838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1162838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1162838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}