During the 2017 Prospectors & Developers Association of Canada Convention, global mining consultancy AMC Consultants offered a talk on how to tackle uncertainty, particularly when it comes to resource estimation and the risk it creates for mining projects.
Led by the firm’s former General Manager for the UK, Chris Arnold, the presentation highlighted the importance of predicting, managing and reducing risk by basing the decision-making process in the actual data coming out of the field.
“It’s all very well having the software and the tools, but it must go hand in hand with planning,” Arnold told MINING.com’s Michael McCrae.
Using real case studies, the presentation was aimed at technical managers, decision-makers, and advisers. Besides showing examples that illustrate how often overlooked uncertainties undermine projects’ credibility, Arnold shared an array of techniques to anticipate and preempt uncertainty at its source or, where already present, to minimize its impacts.