Strategic Underground Mine Access Design to Maximise the Net Present Value

To date, the scheduling and access design of an underground mine have only been considered as two separate optimisation problems. First, access to the mine is designed and then the scheduling is completed. One drawback of this approach is that the costs of access construction fail to be reflected in the net present value (NPV) calculation. In this paper, designing the access and scheduling its construction are formulated as a single optimisation problem.The underground mine access construction process can be classified according to the number of faces being developed concurrently. An underground mine with a single decline branching at a junction point into two declines is considered. After construction reaches the junction, the two faces of the decline can be constructed sequentially or concurrently.This paper proposes an efficient algorithm for optimally locating a junction point to maximise the NPV where two faces are being developed concurrently. The NPV is defined by taking the locations of orebodies and their values, decline construction costs, decline development rate and discount rate into account. The variation of the NPV and the optimal locations of the junction point for one and two concurrent development faces for a range of discount rates are discussed and compared. The proposed algorithm is applied in a simulated case study based on hypothetical values for an underground mine.CITATION:Sirinanda, K G, Brazil, M, Grossman, P A, Rubinstein, J H and Thomas, D A, 2014. Strategic underground mine access design to maximise the net present value, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 235–242 (The Australasian Institute of Mining and Metallurgy: Melbourne).