As part of their series of public lectures, the Schulich CIM Student Chapter, in partnership with CIM MES Toronto, is pleased to present:
Brian Hall, FAusIMM (CP)
Principal Mining Engineer, AMC Consultants
who will deliver a presentation on:
Strategic Mine Planning to Avoid the next Boom and Bust
Abstract: Between 2005 and 2015, an ounce of gold provided a total return of 250% to an investor, meanwhile the largest public gold miners returned on average 0% to its equity shareholders. How can this boom and bust, driven by metal price fluctuations and stakeholders’ expectations, be better managed at the operational level?
The various stakeholders in a mining company want a variety of returns from its operations. This talk illustrates how it is possible to evaluate these and generate a mine plan that actually delivers the required returns, taking account of the trade-offs that may be needed to deal with the often-conflicting goals.
The problem is then for all concerned to identify how well the company is progressing in its delivery of those outcomes in both the short and long term. Unfortunately, the focus on measures such as costs and productivities by fund managers, industry analysts, and mining company executives often drives strategies away from those that will deliver the desired goals.
The talk will show how, as we emerge from the latest downturn, we can generate value-maximizing plans that will set us up to do better than before in the coming upturn. And perhaps even more importantly, how we can set ourselves to weather the downturn much better than we did the last one! The challenge is in identifying and rewarding the companies and people who actually do that.
BIO: Brian Hall is an internationally-recognized expert in optimization of mine plans and strategies for underground and surface mines and has authored a textbook on this topic. He has over 40 years’ experience in the mining industry.
His first 22 years were spent working for mining companies in Australia and South Africa, principally in underground gold and base metals operations. While he has experience in a number of operating roles, Brian’s strength is in the technical and planning side.
Brian then joined the precursor of AMC Consultants in 1994. He has worked as consultant in mine planning, design and scheduling, computer simulations of operations, technical audits, strategic reviews, feasibility studies, cut-off grade studies, and mine strategy optimizations in Australasia, Asia, Europe, and North America for over 20 years. Since the early 2000s, he has specialized in the optimization of cut-off grades and strategic mine plans. He presents workshops on project evaluation, the theory and practical application of cut-off grades, and mine and business strategy optimization, and has authored the authoritative 300-page textbook, “Cut-off Grades and Optimising the Strategic Mine Plan”, published by the AusIMM in 2014.
Brian is also an Adjunct Research Fellow at Curtin University in Perth, where he presents a unit in the Master of Mineral and Energy Economics program, and has been a member of the Advisory Board of the WH Bryan Mining and Geology Research Centre in the Sustainable Minerals Institute at the University of Queensland.
Friday, 21 October 2016
12:00-12:30 Registration and Quick Lunch
12:45-1:45 Guest Speaker
TD Canada Trust Tower
161 Bay Street, 27th Floor (Solutions Room)
$25 Industry (+ HST): www.amcconsultants.com/workshops/cog-lunchlearn
$10 Students (Schulich CIM): www.tilt.com/tilts/speaker-series-strategic-mine-planning
(please register in advance, as seating is limited)
Thank you to our sponsor, AMC Consultants, for providing the space.
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