9045_McGill ORRMPO_.

2013-08-06 2:30 PM Page 1

Registration Deadline
November 8, 2013
Send registrations to:
Sienna Deano
The AusIMM
P.O. Box 660, Carlton South, VIC 3053, Australia
Phone: 61 3 9658 6126 Fax: 61 3 9662 3662
Email: : SDeano@ausimm.com.au
Register online: www.ausimm.com.au

AusIMM, CIM, SME and SAIMM

Members: $3,080.00 ($2,800 ex GST)
Non-members: $3,410.00 ($3,100 ex GST)
Title: __________ Name: ____________________________
AusIMM, CIM, SME or SAIMM Member #: ________________
Job Title: _________________________________________
Employer: _________________________________________
Postal Address: ____________________________________
City: ____________________ Prov / State: _____________
Postal / Zip Code: ______________ Country: ____________
Phone: __________________ Fax: _____________________

WHO SHOULD ATTEND

Mining engineers, mine geologists, resource analysts, and project
managers involved in feasibility studies, development and operations, interested in new technologies for risk management and
optimal decision-making.

INSTRUCTORS
Roussos Dimitrakopoulos is currently the Canada Research
Chair in Sustainable Mineral Resource Development and
Optimisation under Uncertainty and Director of the COSMO
Stochastic Mine Planning Laboratory, McGill University, Montreal,
Canada. Previously he was Professor and Director of the Bryan
Research Centre, Univ. of Queensland, Australia. He holds a PhD
from Ecole Polytechnique, Montreal, and a MSc from the
University of Alberta, Edmonton. He has been working on risk
analysis, risk-based optimisation in open pit mine design, and
production scheduling. Roussos has been Senior Geostatistician
with Newmont Mining Co., Denver, and Senior Consultant with
Geostat Systems International. He has taught and worked in
Australia, North America, South America, Europe, the Middle
East, South Africa and Japan.
http://people.mcgill.ca/roussos.dimitrakopoulos/

Hyatt Regency Perth

99 Adelaide Terrace
Perth, Western Australia 6000
perth@hyatt.com.au

LOGISTICS

I will bring a laptop: Yes No

Lectures are given from 9 AM (refreshments at 8:30 a.m.) to 5 PM

with two 15 minute coffee breaks and a 1 hour lunch break.

CD or BOOK

Strategic Risk Quantification

and Management for
Ore Reserves and Mine Planning

Ore Reserve Risk and Mine

Planning Optimisation
Stochastic simulation models
and applications for the mining industry

VENUE DETAILS

Email: ____________________________________________

SPECTRUM SERIES VOL. 17

Professional Development
Series 2013

Roussos Dimitrakopoulos,
McGill University, Canada

November 25-27, 2013

Perth, Western Australia

Payment:
Diners

Amex

Bankcard

Visa

MasterCard

Cheque

Card Number: _____________________________________

Expiry Date: __________ / __________
Name on Card: ____________________________________
Signature: _________________________________________
Registration includes course notes, lunch, and morning and afternoon tea.
Participation in this course may be a valid activity towards continuing
professional development with up to 26 contact hours. Participants receive
a Certificate of Completion.
Notification of Cancellation received in writing up to November 8, 2013
(minimum of 10 working days before the course) will incur a 20%
cancellation fee. No refund will be made after this time. An alternative
participant may be nominated.

COSMO Stochastic Mine Planning Laboratory

Mining Engineering

http://cosmo.mcgill.ca
COSMO - Stochastic Mine Planning Laboratory, a global centre
for leading-edge research and graduate education in orebody
modelling and strategic mine planning with uncertainty, is
supported by AngloGold Ashanti, Barrick Gold, BHP Billiton,
De Beers, Newmont Mining, Vale, and the Canada Research
Chairs Program, NSERC, and CFI.

Register Online: www.ausimm.com.au

M ining E ngineering
C OS M O L ab

9045_McGill ORRMPO_. 2013-08-06 2:31 PM Page 2

Ore Reserve Risk and

Mine Planning Optimisation
Stochastic simulation models
and applications for the mining industry

CONTENT AND OBJECTIVES

The final stage of the course is a series of computer workshops and introduces to participants
new powerful public domain software (SGeMS).
Data and software remains with the participants.

Growing volatility and uncertainty in global markets

highlight the need to focus now, more than ever, on new
technologies that can add significant value to mine plans
and evaluations.

COURSE OUTLINE

This three-day course presents the new generation of

Introduction
applied technologies integrating conditional simulation
methods for reserve risk management with new risk-based
Quantification of uncertainty creates opportunities,
mine planning optimisation, leading to improved cash flow
value, shelters investment and maximises profits
assessments. Emphasis is placed on the downstream appli Frameworks for uncertainty modelling, profitability,
cations pertinent to the feasibility, design, development and
optimisation and mining operations
planning stages of mining ventures, as well as in the financial optimisation of relevant aspects
Concepts and Techniques
Uncertainty can create value and opportunities
of operations and production.
300
Stochastic optimisation
An intuitive introduction to
Computer workshops introduce parwith 26% higher NPV
250
Monte Carlo simulations and
26%
ticipants to the practical aspects of
200
Conventional
risk assessment
the technologies taught in lectures.
optimisation
New public domain software with
graphic capabilities is introduced and
provided to participants.

PARTICIPANTS WILL:

150

Mining data analysis and

description

100
50
10% discount rate

0
0

Mine Production Period (years)

Discover how and why riskbased models create value and opportunities
Understand how to quantify and utilise
grade/tonnage/metal uncertainty and variability
Learn about new efficient simulation methods for
modelling orebodies and how to utilise the results
in a diversity mining applications

10

Grade estimation or simulation?

Fast and efficient sequential conditional simulation algorithms

Profitability and risk based grade control

(gold deposit case study)
Assessing risk in recoverable reserves and meeting
project production schedules ahead of mining
(gold deposit)
Recoverable reserves and future data
(gold and copper deposits)
Risk based optimal design for sublevel open stoping
(underground copper mine)
Grade simulation for mine optimisation in an
exceptionally large deposit
Simulation of geology with mp-geostatistics
(iron ore deposit)
Product quality management and production
scheduling with simulated deposits (iron ore deposit)
Using sets of orebody simulations in
a new generation of stochastic optimisers
(gold and copper deposit case studies)

Practice of Conditional Simulations

for Risk Modelling in Mining

Computer Workshops

Simulation based resource/reserve classification

(large gold deposit)

Simulation of a lateritic nickel deposit with SGeMS

and assessing the risk from resource variability

Cost effective drilling programs

(lateritic nickel deposit)

Loss/Profit based grade control in a typical gold mine

Understand how to use quantified orebody risk in

ore reserve estimation, mine planning and design,
and mineral project valuation

Reserve risk quantification, selectivity

and dilution (nickel deposit)

Learn from industry examples at different stages

of a mining project or operation

Uncertainty in pit design and production scheduling

with simulated orebodies (disseminated gold
deposit)

Participate in hands-on computer workshops

using real case studies

The 2010 AusIMM Spectrum Series Vol. 17:

Advances in Orebody Modeling and Strategic Mine Planning I:
Old and New Dimensions in a Changing World
is included with the course materials

Risk based selection of mining parameters in a gold

deposit with multiple material types

Stochastic production scheduling in a copper deposit

Time permitting

PLEASE NOTE it is strongly recommended that d

participants bring a laptop and are not require
having a prior background on the course topic.