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The mechanisms of decision-making when applying geometallurgical approach to the mining industry

Author

Listed:
  • Viktor Lishchuk

    (Luleå University of Technology)

  • Maria Pettersson

    (Luleå University of Technology (LTU))

Abstract

It is believed that most of the production problems in modern mining industry could be solved solely by applying technical tools such as better machinery, more accurate models or more advanced technology. Geometallurgy was initially introduced as a tool aimed to improve production performance by integrating geological and process information into a predictive model. However, the actual benefits of geometallurgy cannot be achieved without considering actors involved and strategic decisions made by the management in addition. The purpose of this paper is to introduce a framework of decision-making in which technical and managerial aspects of the geometallurgy are fully integrated. This framework is aimed to be used for improving predictability of the geometallurgical programmes.

Suggested Citation

  • Viktor Lishchuk & Maria Pettersson, 2021. "The mechanisms of decision-making when applying geometallurgical approach to the mining industry," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(1), pages 71-80, April.
    • Handle: RePEc:spr:minecn:v:34:y:2021:i:1:d:10.1007_s13563-020-00220-9
    DOI: 10.1007/s13563-020-00220-9
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