Introduces principles and fundamental concepts involved in the optimization of different aspects of mineral resource extraction. Explores the key sources of uncertainty that affect a final mine plan and design such as orebody, technological and economic uncertainties. Stochastic simulation techniques will be introduced for the quantification of uncertainties and risk management.
Other topics related to optimizing mine production and performance such as delaying or eliminating waste stripping, and more efficient resource use through better blending and cut-off grade decisions, as well as holistic mine-to-mill process optimization will be introduced.