Planning Of Open Pit Mines On A Risk Basis

Steffen, O. K. H.
Organization: The Southern African Institute of Mining and Metallurgy
Pages: 10
Publication Date: Jan 1, 1997
This paper addresses the methodology of introducing risk into the development of mine plans for open pit mines. Recommendations are put forward for achieving a risk balance between mineral resource estimates and slope design. A design process identifying criteria for different stages of planning is presented. Business risk is separated from geological/geotechnical risk and procedures to address these within the development of mine plans are suggested. It is concluded that a formal design process improves communication between key decision makers and adds value to shareholders, investment.
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