Optimization and Risk Management in Strategic Mine Planning

  • Dates:
    Sep 21 - 23, 2015
  • Location:
    Montreal, Quebec
  • Website:

Organized By

CIM, SME, AusIMM, SAIMM and McGill Professional Development Seminar Series
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Event Detail


Unearthing material value in mining complexes

INSTRUCTORSRoussos Dimitrakopoulos and Ryan Goodfellow, McGill University, Canada; and Brian Lambert, Minemax, USA




Growing volatility and uncertainty in global metal markets highlight the need to focus on new technologies that can unveil significant value and reliability to the performance of mining operations. 

This three-day course explores the foundations of strategic mine planning and stresses the new generation of applied technologies related to: (a) simultaneous optimization of integrated mining and processing operations, and (b) orebody risk management with new stochastic mine planning optimization developments.

Emphasis is placed on the applications pertinent to the feasibility, design, development and strategic planning stages of mining ventures, as well as in the financial optimization of relevant aspects of operations and production.

Computer workshops introduce participants to the practical aspects of the technologies taught in lectures.  New public domain software and commercial training software will be used to provide a solid foundation for the concepts introduced.

Participants will:

  • Master the underlying foundations used by any modern commercial mine planning software by linking the science of optimization with strategic mine planning, including pit and phase design, production scheduling, cut-off grade optimization and stockpile management
  • Discover modern modelling concepts that integrate alternate processes, waste dump design and CAPEXs, and why these models can help to unlock hidden value in an operation
  • Understand how to harness the power of quantified orebody risk and market uncertainty to understand the upside potential and downside risk in ore reserve estimation, mine planning and design, and mineral project valuation
  • Learn about the new stochastic mine planning framework for life-of-business optimization with real industry examples and diverse applications
  • Participate in hands-on computer workshops using real case studies