Understanding the Mine Planning Cycle
Mine planning is the heart of any successful mining operation β it transforms geological resources into valuable, mineable reserves, ensuring technical, economic, and operational feasibility. π Here's a simplified look at the Mine Planning Cycle β from resource modeling to operations: πΉ Geological Model: The foundation β understanding the ore body. πΉ Optimization Inputs: Mining method, geotechnical data, costs, and constraints. πΉ life of Mine (LoM) Considerations: Business goals, community impact, and operational limits. πΉ Optimization & Its Results: Selecting the best pit shell for maximum value. πΉ Mine Design: Creating the final pit, haul roads, and infrastructure layout. πΉ Production Schedule: From LoM to weekly plans, aligned with NPV optimization. πΉ Financial Modeling: Forecasting cost, revenue, and profitability. πΉ Reconciliation: Comparing plan vs. actual β adjusting for real-world conditions. πΉ Operational Plan: Turning plans into safe and efficient daily mining activities. π‘ This cycle is not linear β itβs dynamic and requires constant adjustment based on field feedback, economics, and safety. As a mining engineer, mastering this cycle means improving both productivity and sustainability.