Principal Mining Engineer, AMC Consultants Pty LtdBrian has more than 40 years’ experience in the industry. His background expertise is in all aspects of planning for underground metalliferous mining, including detailed mine designs, technical assessments, feasibility studies and strategic planning. Over the last 15 years, Brian has been working at the cutting edge of mine strategy optimization, applying the principles in practical real world scenarios to provide significant increases in value for AMC’s clients. Brian’s authoritative 300-page textbook, “Cut-off Grades and Optimising the Strategic Mine Plan”, was published by the AusIMM in November 2014.
The complexities of strategy optimisation to satisfy multiple goals and stakeholder expectations.
This short presentation illustrates the difficulties involved in getting the balance between the various conflicting goals for the organisation, both internal and external. One complicating factor is that the best plan may not be the optimum for any one particular goal, but may represent trade-offs so that all stakeholders get a reasonable return, and may also need to balance the potential for upside rewards if the future turns out to be good with the potential downside risk if it turns out to be bad.