Optimal mining cut definition and short-term open pit production scheduling under geological uncertainty

Gonzalo Nelis, Nelson Morales and Enrique Jelvez

Resources Policy, 2023, vol. 81, issue C

Abstract: Short-term planners must define an operational schedule based on blasthole data, which might be incomplete or imperfect. As a result, there is uncertainty in the true grade of each Selective Mining Unit. This can impact the definition of mining cuts and dig-limits, and the fulfillment of long-term targets. In this work, we propose a stochastic mixed integer program to define an operational mining cut configuration and a short-term schedule under grade uncertainty. The objective of the model is to maximize revenue and minimize deviations from production targets. We test the model using real data from a copper deposit and use grade simulations for quantifying the uncertainty in blasthole data. The results show that the stochastic model achieves higher profit margins and lower deviations from production targets compared to a deterministic variant based on a single estimated scenario. At the same time, the numerical experiments show the potential impact of blasthole uncertainty in profit and compliance of short-term schedules. Therefore, the use of this stochastic formulation can help planners find optimal mining cuts and improve target fulfillment and profitability of short-term operational plans in the presence of grade uncertainty. Finally, we propose several extensions to include new sources of uncertainty.

Keywords: Mine planning; Short-term; Selectivity; Uncertainty; Mining cut (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072300048X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:81:y:2023:i:c:s030142072300048x

DOI: 10.1016/j.resourpol.2023.103340

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().