Case Study - Benefits Of Building An Efficient Mine Planning Process

Mine planners are under pressure to evaluate the impact of changing economic times and newly acquired data on the mine plan. Incorporating change, such as commodity prices, customer sales, changing cost assumptions, and newly acquired geologic data into the mine plans requires quick turn-around for model building and planning to keep the mine plan on pace with changes as they are occurring. Because of the length of time required to perform some of the geologic modeling and mine planning tasks, planning frequency may not be keeping pace with the frequency of change. This paper discusses how one company has increased the frequency rate and accuracy of mine plans to keep current with incoming data, ensuring mine plans reflect the latest information, thereby minimizing or eliminating production cost variance.