A Model of Bougainville Copper's Panguna Orebody

Over the period 1964 to 1969 Conzinc Riotinto of Australia undertook and completed an evaluation of a large low-grade copper orebody on Bougainville Island in the Territory of Papua and New Guinea. From the outset it was clear that the geographic, climatic and topographic characteristics of the area would necessitate a heavy capital outlay on production and support facilities. Both the physical problems and the magnitude of the investment amplified the need for a thorough and rigorous evaluation of the various strategies for exploiting the orebody. In view of the number of independent and inter-related variables and the flow of new data, a computer-based evaluation process extended the scope and depth of the analysis considerably. The system used permitted an iterative assessment and re-assessment of the various strategies with the results becoming increasingly refined with time. This process encompassed the modelling of the orebody, the simulation of alternative operating strategies and the determination of the financial profitability of the project,