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dc.contributor.authorMaybee, Bryan
dc.contributor.editorAdrian Pratt
dc.date.accessioned2017-01-30T12:43:13Z
dc.date.available2017-01-30T12:43:13Z
dc.date.created2013-03-26T20:00:46Z
dc.date.issued2012
dc.identifier.citationMaybee, Bryan. 2012. Can a Risk-Based Evaluation Provide a More Valuable Mine Design?, in Pratt, A. (ed), Conference Proceedings of the Project Evaluation 2012, May 24-25 2012, pp. 53-57. Melbourne: The Australasian Institute of Mining and Metallurgy.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/24473
dc.description.abstract

In underground mine planning, many potentially value-eroding decisions are made due to a lack of time and proper evaluation practices. The information required for mine planning decisions goes beyond external sources of uncertainty that are recognised by typical evaluation techniques used in the mining industry, to include technical factors (eg mine development layout) and the ability of a mineral extraction project to achieve its anticipated production levels. Due to the individual characteristics that define underground mining projects, each will exhibit a different risk profile, and thus advanced optimisation and evaluation techniques are required to capture this information. As underground mine planning tools become more sophisticated, mine planners have the capacity to investigate numerous mine sequencing options to identify the best strategy for a given project, creating higher value for shareholders. This paper describes a risk-based evaluation methodology (RbEM) that accounts for financial and technical risk in the evaluation of underground mining projects. While the use of the RbEM has been described in previous works, no benchmarking of the benefits that can be realised from a change in those decisions that are made early in the process has been undertaken. To show the benefits that can be achieved from using the RbEM, this paper updates a case study to which the RbEM was applied, and takes a retrospective look at whether additional value would have been gained by following the strategic recommendation of the RbEM versus a typical optimisation exercise that aims to maximise the net present value.

dc.publisherThe Australasian Institute of Mining and Metallurgy
dc.titleCan a Risk-Based Evaluation Provide a More Valuable Mine Design?
dc.typeConference Paper
dcterms.source.startPage53
dcterms.source.endPage57
dcterms.source.titleThe proceedings of the Project Evaluation 2012
dcterms.source.seriesThe proceedings of the Project Evaluation 2012
dcterms.source.isbn9781921522635
dcterms.source.conferenceProject Evaluation 2012
dcterms.source.conference-start-dateMay 24 2012
dcterms.source.conferencelocationMelbourne
dcterms.source.placeMelbourne
curtin.department
curtin.accessStatusFulltext not available


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