Mining as a complex system: do we need a new model?

Geological heterogeneity is one dimension of complexity in mining. Significant effort is put into developing an understanding of this complexity so it can be used in resource estimation, mine planning and economic modelling. However, over the decadal lifespan of a mining venture, many other dimensions add to the complexity of a mining operation. These include: technological evolution, market fluctuations; investor confidence; social norms; local expectations; and ecosystem functionality. As with geology, these factors are all heterogeneous, uncertain, time varying and represented through sparse and incomplete datasets. Recent work (Valenta et al) is beginning to show us how these risks correlate in different global settings. By analysing data relating to known, but as yet undeveloped copper deposits, this work (the complex ore body database) is demonstrating that it is the combination of issues (both price sensitive and non price-sensitive) that determine the viability of a deposit for extraction in the 21st century.CITATION: Littleboy, A, Plint, N and Valenta, R, 2018. Mining as a complex system: do we need a new model?, in Proceedings Complex Orebodies Conference 2018, pp 41–43 (The Australasian Institute of Mining and Metallurgy: Melbourne).