Mine Planning - Strategy introduces you to key mine planning concepts. The mine planning process is complex and integrates several technical branches of the mining discipline including rock mechanics, rock breakage, ventilation and mine design. While mine planners should endeavour to design and implement plans that are safe, environmentally sustainable and socially acceptable, the overriding factor in the success of a mining operation and what ultimately determines whether it will proceed through feasibility studies and onto construction and development is the level of profitability. The drive to exploit a mineral resource such that it adds as much value as possible to the mining business requires a continual update of the mine plan and the rapid implementation of any value adding opportunities as they arise.
It is assumed that course participants have a good understanding of mining terms and descriptions, have been exposed to surface and underground mining methods, are familiar with mining development, operations and production and are keen to learn how to plan a mine for the purpose of maximising value. Course participants are also expected to have a basic knowledge of rock mechanics, rock breakage, ventilation, typical mining equipment and other technical fundamentals which form the platform and constraints for generating mine plans.
This course aims to:
- develop an understanding of the basic principles and practical methodologies of mine planning and mine evaluation; and
- develop the ability to recognize and use key levers for creating value in the mining business.
After successfully completing this course participants should be able to:
understand how the technical aspects of mining are incorporated into the development of optimal mine plans;
identify the key levers for creating value as part of the strategic mine planning process;
effectively use these key levers to evaluate avenues for creating additional value by generating alternative mine plans; and
appreciate the key differences between the mining business and other traditional industries in terms of value creation and how these relate to the mine planning process.
This course focuses on the main concepts associated with investigating the financial impact of a number of key levers on the value of a mine plan.
This course does not investigate core technical concepts required in mining. It is assumed that all technical parameters have been established and are feasible. The focus therefore turns to establishing financial optimality by planning and generating the best mine plan. This course also does not teach the use of mine planning and design software which in some cases may incorporate the concepts discussed within.
Mine Planning - Strategy consists of 7 viewing sessions with supporting figures, tables and examples, plus interactive course reviews. The concepts that are addressed in this course may not be easy to grasp at first and may require multiple revisions before a clear understanding is gained. Course participants are expected to thoroughly work through each example by hand (the aid of Microsoft Excel is encouraged) provided within the course. This may be time-consuming; however, it is integral and will ultimately allow a successful completion of the course reviews. Total course duration is equivalent to approximately 14 hours of viewing and exercise content.