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dc.contributor.authorTopal, Erkan
dc.contributor.authorGroeneveld, Ben
dc.contributor.authorLeenders, Robert
dc.contributor.editorE Topal and M Kuruppu
dc.date.accessioned2017-01-30T11:35:14Z
dc.date.available2017-01-30T11:35:14Z
dc.date.created2011-03-24T20:01:34Z
dc.date.issued2010
dc.identifier.citationGroeneveld, B. and Topal, E. and Leenders, B. 2010. Robust versus Flexible Open Pit Mine Design, in Topal, E. and Kuruppu, M. (ed), Mine Planning and Equipment Selection MPES 2010, Dec 1 2010, pp. 55-68. Perth, WA: Australasian Institute of Mining and Metallurgy (AusIMM).
dc.identifier.urihttp://hdl.handle.net/20.500.11937/13157
dc.description.abstract

Strategic planning in mining is an important value accretive process. One of the most important aspects during the planning phase is determining the correct mine and plant design. The traditional mine site design (mine, plant, stockpiles, dumps) develops a fixed system for one set of conditions or expected values. A robust design is a fixed system that is designed to deal with a large range of conditions without changing the system design. A flexible design changes the system dynamically in response to changes in uncertainties. It is hypothesised that a robust design generates less value than a flexible design as it fails to realise the value of actively managing the operation. One of the most critical aspects in creating strategic value from a project is embedded in the design of the system. A flexible design has components that allow the design of the system to change over time. An operational plan is proposed as a hybrid of a robust and flexible design. This paper seeks to compare these different design methodologies. An analysis of the same case study is undertaken to compare these approaches, showing an a traditional net present value (NPV) of $1678 M, robust design NPV of $1787 M and an operational plan NPV of $1867 M – an increase of $170 M.

dc.publisherAustralasian Institute of Mining and Metallurgy
dc.subjectMine design
dc.titleRobust versus Flexible Open Pit Mine Design
dc.typeConference Paper
dcterms.source.startPage55
dcterms.source.endPage68
dcterms.source.titleMine Planning and Equipment Selection
dcterms.source.seriesMine Planning and Equipment Selection
dcterms.source.isbn9781921522352
dcterms.source.conferenceMine Planning and Equipment Selection MPES 2010
dcterms.source.conference-start-dateDec 1 2010
dcterms.source.conferencelocationPerth, WA
dcterms.source.placeCarlton, VIC
curtin.departmentWASM Mining Engineering Teaching Area
curtin.accessStatusFulltext not available


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