Stochastic Mine Planning
We help you through all the iterative mine planning process necessary to confirm economic, environmental and the societal viability and benefits of bringing mineral properties into production. We develop operational plans that are focused on supporting your company strategy. Our independent “Qualified or Competent Persons” also provide help with NI 43-101 or JORC Code reporting international standard.
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Orebody geological uncertainty has a significant impact on the real value of a mining project. A stochastic mine optimization approach was used for designing open pit mines based on geological uncertainty in association with stochastically simulated geological models and traditional optimization. The stochastic approach allows to develop open pit mine designs that capture maximum upside potential whilst minimizing geological risk.
Integrating geological uncertainty into life-of-mine pit optimization results in higher values in the mine schedule production planning and lower geological risk over the life-of-mine. Previous studies have confirmed that it is possible to achieve a higher value life-of-mine plan using stochastic optimization approach versus the conventional scheduling methods.
Customers Benefits
- We help you get paid faster and develop world-class assets responsibly.
- We help you cut cost and grow cash returns to shareholders.
- We help you reach new customers and capture new markets.
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The mineral industry in Sweden, Finland, Norway and Denmark enjoys virtually unrestricted access to land for exploration activities. Mineral exploration takes place under a “free entry” tenure system.
