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

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 Val...

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Autores:
Botín, José A.
Guzmán, Ronald R.
Smith, Martin L.
Tipo de recurso:
Article of journal
Fecha de publicación:
2011
Institución:
Universidad Nacional de Colombia
Repositorio:
Universidad Nacional de Colombia
Idioma:
spa
OAI Identifier:
oai:repositorio.unal.edu.co:unal/40546
Acceso en línea:
https://repositorio.unal.edu.co/handle/unal/40546
http://bdigital.unal.edu.co/30643/
Palabra clave:
mining
project
risk management
Rights
openAccess
License
Atribución-NoComercial 4.0 Internacional
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spelling Atribución-NoComercial 4.0 InternacionalDerechos reservados - Universidad Nacional de Colombiahttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Botín, José A.2ff0f653-72ff-4fbc-92ec-03e4ab88fa19300Guzmán, Ronald R.f280f154-4484-4a32-8f10-fc80c82f4e92300Smith, Martin L.834695e9-4afd-4e40-a845-284d2a7065253002019-06-28T09:35:28Z2019-06-28T09:35:28Z2011https://repositorio.unal.edu.co/handle/unal/40546http://bdigital.unal.edu.co/30643/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.application/pdfspaUniversidad Nacional de Colombia Sede Medellínhttp://revistas.unal.edu.co/index.php/dyna/article/view/29506Universidad Nacional de Colombia Revistas electrónicas UN DynaDynaDyna; Vol. 78, núm. 170 (2011); 221-226 DYNA; Vol. 78, núm. 170 (2011); 221-226 2346-2183 0012-7353Botín, José A. and Guzmán, Ronald R. and Smith, Martin L. (2011) A methodological model to assist in the optimization and risk management of mining investment decisions. Dyna; Vol. 78, núm. 170 (2011); 221-226 DYNA; Vol. 78, núm. 170 (2011); 221-226 2346-2183 0012-7353 .A methodological model to assist in the optimization and risk management of mining investment decisionsArtículo de revistainfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/ARTminingprojectrisk managementORIGINAL29506-105947-1-PB.pdfapplication/pdf798437https://repositorio.unal.edu.co/bitstream/unal/40546/1/29506-105947-1-PB.pdf4196772a3373af1834e4aeac9980a3b1MD51THUMBNAIL29506-105947-1-PB.pdf.jpg29506-105947-1-PB.pdf.jpgGenerated Thumbnailimage/jpeg8687https://repositorio.unal.edu.co/bitstream/unal/40546/2/29506-105947-1-PB.pdf.jpg55b5682dc14727cfef1a6bd0743ce4c5MD52unal/40546oai:repositorio.unal.edu.co:unal/405462024-01-25 23:06:40.65Repositorio Institucional Universidad Nacional de Colombiarepositorio_nal@unal.edu.co
dc.title.spa.fl_str_mv A methodological model to assist in the optimization and risk management of mining investment decisions
title A methodological model to assist in the optimization and risk management of mining investment decisions
spellingShingle A methodological model to assist in the optimization and risk management of mining investment decisions
mining
project
risk management
title_short A methodological model to assist in the optimization and risk management of mining investment decisions
title_full A methodological model to assist in the optimization and risk management of mining investment decisions
title_fullStr A methodological model to assist in the optimization and risk management of mining investment decisions
title_full_unstemmed A methodological model to assist in the optimization and risk management of mining investment decisions
title_sort A methodological model to assist in the optimization and risk management of mining investment decisions
dc.creator.fl_str_mv Botín, José A.
Guzmán, Ronald R.
Smith, Martin L.
dc.contributor.author.spa.fl_str_mv Botín, José A.
Guzmán, Ronald R.
Smith, Martin L.
dc.subject.proposal.spa.fl_str_mv mining
project
risk management
topic mining
project
risk management
description 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.
publishDate 2011
dc.date.issued.spa.fl_str_mv 2011
dc.date.accessioned.spa.fl_str_mv 2019-06-28T09:35:28Z
dc.date.available.spa.fl_str_mv 2019-06-28T09:35:28Z
dc.type.spa.fl_str_mv Artículo de revista
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format http://purl.org/coar/resource_type/c_6501
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dc.identifier.uri.none.fl_str_mv https://repositorio.unal.edu.co/handle/unal/40546
dc.identifier.eprints.spa.fl_str_mv http://bdigital.unal.edu.co/30643/
url https://repositorio.unal.edu.co/handle/unal/40546
http://bdigital.unal.edu.co/30643/
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.spa.fl_str_mv http://revistas.unal.edu.co/index.php/dyna/article/view/29506
dc.relation.ispartof.spa.fl_str_mv Universidad Nacional de Colombia Revistas electrónicas UN Dyna
Dyna
dc.relation.ispartofseries.none.fl_str_mv Dyna; Vol. 78, núm. 170 (2011); 221-226 DYNA; Vol. 78, núm. 170 (2011); 221-226 2346-2183 0012-7353
dc.relation.references.spa.fl_str_mv Botín, José A. and Guzmán, Ronald R. and Smith, Martin L. (2011) A methodological model to assist in the optimization and risk management of mining investment decisions. Dyna; Vol. 78, núm. 170 (2011); 221-226 DYNA; Vol. 78, núm. 170 (2011); 221-226 2346-2183 0012-7353 .
dc.rights.spa.fl_str_mv Derechos reservados - Universidad Nacional de Colombia
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.license.spa.fl_str_mv Atribución-NoComercial 4.0 Internacional
dc.rights.uri.spa.fl_str_mv http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución-NoComercial 4.0 Internacional
Derechos reservados - Universidad Nacional de Colombia
http://creativecommons.org/licenses/by-nc/4.0/
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad Nacional de Colombia Sede Medellín
institution Universidad Nacional de Colombia
bitstream.url.fl_str_mv https://repositorio.unal.edu.co/bitstream/unal/40546/1/29506-105947-1-PB.pdf
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