301235 (v.2) WASM Risk Analysis in Mine Planning 601

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Area:	WASM Mining Engineering Teaching Area
Contact Hours:	25.0
Credits:	12.5
Lecture:	1 x 25 Hours Weekly
Review of the conventional mine planning process. Areas of risk at each stage in the process. Review of probability and statistics. Practical computational techniques, including conditional simulation. Reconciliation. Conditional simulation. Resourcerisk. Geotechnical reliability and minimising excavation costs. Reserve reliability. Schedule reliability. Cut-off grade and stockpile optimisation. Grade control risk. Decision making tools.