On the Dynamics of Mining Operations in Open Pit Mines

In this paper, mining dynamics is defined as the relationship between the mining rate and movement of mining operations conducted on the benches of a surface mine. This relationship describes the intensity of the pit development in space, in order to meet ore demand at the mill over time. Meeting the mill ore demand is a key factor in optimizing production scheduling in surface mines. Displacement velocity of mining operations within cutbacks, or independent pit units, is introduced in the context of long-term mine planning. Displacement velocity allows the place and time of transition of the mining operations from one independent pit unit to another to be determined as the condition for meeting the mill ore demand. An application using data from Mt Keith Nickel Operations in Western Australia is used to elaborate on the methods presented.

The effective management of geological risk in long-term production scheduling of open pit mines

Investment in mining projects, like most business investment, is susceptible to risk and uncertainty. The ability to effectively identify, assess and manage risk may enable strategic investments to be sheltered and operations to perform closer to their potential. In mining, geological uncertainty is seen as the major contributor to not meeting project expectations. The need to assess and manage geological risk for project valuation and decision-making translates to the need to assess and manage risk in any pertinent parameter of open pit design and production scheduling. This is achieved by taking geological uncertainty into account in the mine optimisation process. This thesis develops methods that enable geological uncertainty to be effectively modelled and the resulting risk in long-term production scheduling to be quantified and managed. One of the main accomplishments of this thesis is the development of a new, risk-based method for the optimisation of long-term production scheduling. In addition to maximising economic returns, the new method minimises the risk of deviating from production forecasts, given the understanding of the orebody. This ability represents a major advance in the risk management of open pit mining.