Maximising the Value of ‘A Wealth of Information’ (1e5cd2ab-37d3-481c-b69f-500fafd475e7)

"Long before a modern mine commences operations it has already become a wealth of information. After start up, it can generate enormous quantities of data – especially with semi-automated data acquisition by instrumented mine equipment. Much of this data is of limited use for evaluation of (potential) performance unless it links in some way to the site business model.An underlying reason for this waste of data is that the different cultures, financial, technical, community, environmental, etc, not only have many areas of interest but also have very different conceptual models by which they evaluate performance.It is too ambitious to attempt to bring all of these cultures together – in a single step. However, the success of the Mine to Mill ™ project has demonstrated that substantial operational value can be added by using a more integrated approach to comminution. The next logical step is to integrate measured data and then to track performance from ore body model to saleable product and waste disposal.The path from resource to product also represents a path from very sparse, highly variable data to much more detailed measurement and more representative sampling. However, in both cases the data collected is usually strongly focused on the technical requirements – not on the business model.This paper emphasises the difference between data and information. There is considerable potential for confusion between the two as both data and information are often expressed as numbers. For the purpose of this paper, data and information are distinguished by their uses.A data point (or datum) is a measurement. By way of contrast, information provides a basis for decision making."