A Methodological model to assist the optimization and risk management of mining investment decisions

Botin Gonzalez, Jose Antonio and Guzman, R.R. and Smith, M.L. (2011). A Methodological model to assist the optimization and risk management of mining investment decisions. "Dyna" (n. 170); pp. 221-226. ISSN 0012-7353.

Description

Title: A Methodological model to assist the optimization and risk management of mining investment decisions
Author/s:
  • Botin Gonzalez, Jose Antonio
  • Guzman, R.R.
  • Smith, M.L.
Item Type: Article
Título de Revista/Publicación: Dyna
Date: December 2011
Subjects:
Faculty: E.T.S.I. Minas (UPM)
Department: Explotación de Recursos Minerales y Obras Subterráneas [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Identifying, quantifying, and minimizing technical risks associated with investment decisions is a key challenge for mineral industry decision makers and investors. However, risk analysis in most bankable mine feasibility studies are based on the stochastic modelling of project “Net Present Value” (NPV)which, in most cases, fails to provide decision makers with a truly comprehensive analysis of risks associated with technical and management uncertainty and, as a result, are of little use for risk management and project optimization. This paper presents a value-chain risk management approach where project risk is evaluated for each step of the project lifecycle, from exploration to mine closure, and risk management is performed as a part of a stepwise value-added optimization process.

More information

Item ID: 11332
DC Identifier: http://oa.upm.es/11332/
OAI Identifier: oai:oa.upm.es:11332
Deposited by: Memoria Investigacion
Deposited on: 27 Jul 2012 09:02
Last Modified: 22 Sep 2014 10:49
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