Protecting Strategic Mine Value through Scenario Planning

Mine Planning Articles

We all know that mine planning is greatly affected by countless factors which are well outside of our control. Economic crises, market changes, resource price fluctuations, hurricanes and wildfires, changes in laws and new trends are only some examples of the things that might wreck our plan.

derailment

Most of us have come to terms with this and we know that a Scenario Planning framework is a powerful tool that can help us understand future challenges and make smarter decisions when changes arise.

But implementing a framework that considers all the potential hazards mentioned above can be complex and prohibitively time consuming. So how can we use scenario planning to make our plan more robust with the time that we have?

Our authors have been working with mine planners for almost two decades, developing best practice scenario planning techniques that incorporate optimization to give the best result with minimal time investment.

In this series they address the following topics:

  • What types of scenarios can we create and how do we choose a plan that avoids extremes and mitigates risk?
  • How can alternative process optimization assist with scenario decomposition?
  • Why is it important to have Trigger Action Response Plans?

We hope our articles will spark conversation in your workplace, and help you to incorporate some advanced scenario planning into your processes that will help to keep your plan on track.

Subscribe to our news alerts or follow Minemax on social media to keep in touch with the latest from Minemax.

Ask us a question

You can read all about our mine planning software, as well as our mining software training and consulting services, right here on our website. But if you have any questions, we’re here to help.

Stay up to date. Join our mailing list.

  • This field is for validation purposes and should be left unchanged.