In many mining projects the open pit (open cut) mine starts months or even years before the processing plant. The ore builds up in a stockpile, and the model has to carry the right grade into the mill and the right value onto the balance sheet.
This webinar models a stockpile for a gold mine. The method works for any other commodity and for many processing applications.
What you will learn
- Calculate the contained metal in processed ore from the mining schedule
- Build a transparent stockpile account
- Follow the contained metal through mining and processing, and the timing gap between the two
- Analyse the average grade of the stockpile, and the compromises each level of accuracy needs