A Back To Basics Approach To Mining Strategy Formulation

Strategic mine planning is concerned with the decisions that determine the value of the business, while tactical planning deals with the tasks to realize that value. When tasked with formulating a strategic mine plan, the mining engineer often turns to commercially available software. However, these software packages have limited applicability to the RBM situation. Adopting a simpler, back to basics approach founded on a deep understanding of the economics of the orebody has the advantage of providing a clear logic to guide tactical planning. By creating a coherency between strategic mine planning, and tactical planning the likelihood of successfully executing the plans and attaining the value promised by the strategic plan is increased. This paper describes the reasons why RBM embarked on a strategic mine planning process, the rationale of choosing the process, and the process itself.