Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Effective Management of Geologic Risk in Mining

The Effective Management of Geologic Risk in Mining

Godoy, Marcelo

Paperback

Geology

ISBN10: 6209732313
ISBN13: 9786209732317
Publisher: LAP Lambert Academic Publishing
Published: Mar 19 2026
Pages: 284
Weight: 0.84
Height: 0.64 Width: 6.00 Depth: 9.00
Language: English
Investment in mining projects, like most business investment, is susceptible to risk and uncertainty. The ability to effectively identify, assess and manage risk may enable strategic investments to be sheltered and operations to perform closer to their potential. In mining, geological uncertainty is seen as the major contributor to not meeting project expectations. The need to assess and manage geological risk for project valuation and decision-making translates to the need to assess and manage risk in any pertinent parameter of open pit design and production scheduling. This is achieved by explicitly taking geological uncertainty into account as part of the mine optimization process. This thesis develops a method that enables geological uncertainty to be effectively modeled and the resulting risk in long-term production scheduling to be quantified and managed. In addition to maximizing economic returns, the new method minimizes the risk of deviating from production forecasts. This ability represents a major advance in the risk management of mining projects and operations.

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