Top Five Challenges In Mine Planning

Mining companies today are under increasing pressure to boost output from their existing mines and to bring new projects online quickly. Fundamental to the long-term performance of an operation is geologic modeling and mine planning. To maximize mine profitability, planners and schedulers must account for a staggering array of variables and create accurate mining plans that meet production and profit targets. Not surprisingly, this can be a difficult task, and getting it wrong can result in large unforeseen costs and significant lost revenue opportunities. This paper discusses the top five challenges geologists and engineers are facing in developing mining plans.