Place your Ad Here!

The Transformative Way to Reduce Risk in Resource Estimation

by Philippine Resources - June 28, 2022

By: Grace Y. Tanchee

The importance of a mineral resource estimate for the long-term viability of a mine cannot be understated. Being a core basis of a mine’s feasibility study and evolving mine plans, a well-made and continuously updated resource model is essential to any mine looking to ensure profitability and sustainability. Strategizing based on an erroneous estimate can have disastrous results for a mine. As such, resource estimations must always be properly executed and well understood by the geologists, mine planners, and all other stakeholders.

THE CHALLENGE

Being crucial, resource geologists are expected to ensure that the resource estimates are accurate and compliant with standards. Geologists are also expected to update the model as new information becomes known. Time to complete and share is crucial here as updated models are used to refine the mine plan and avoid losses caused by outdated models.

There are challenges to contend with that can be the source of errors through-out each step of the estimation process, which in turn can reduce the accuracy of a resource estimate. For example, the source data could be insufficient or contain errors. Garbage in is garbage out. Improper tools and lack of information can also hamper the validation of data and thorough investigation, leading to a poor understanding of the deposit. This can affect the domaining model build, selection of the estimation method and parameters. Decentralized data and a lack of recording also heightens the risk of using incorrect data, and makes it difficult to trace and audit during the review process. Difficulties in coordinating can also increase the time crunch.

THE IMPROVEMENTS NEEDED

There are ways by we can minimize the risk of committing errors and help ensure that the resource estimate is as accurate as possible. One is by having proper and centralized data management. Just being able to store the data in one place is insufficient; data management should also include a means to record changes made to the data and why, and any important notes about the data. This will help provide context and auditability through-out the process, and help with future changes.

Next, the resource geologist must be able to visualize the data and have the tools for analysis and estimation. 3D Software with geology modelling tools can greatly help the geologist make sense of the data and render the model in a faster more efficient way.

Clear and traceable workflows can also be used to monitor and manage the process from start to finish, check that work is done based on best practices, and make sure that all stakeholders are fully informed and updated. Being structured, the flow of data and information between various stakeholders at each stage of the process can be made efficient.

All these can be enhanced via collaboration, facilitating knowledge sharing, feedback from fellow team members and consultants, and a collective understanding of the estimate.

THE SOLUTION

An effective way to conduct these improvements is through taking advantage of technological solutions to facilitate the changes needed. In line with this, Dassault Systemes (DS) has developed the Strategic Resource Modelling (SRM) solution. Through a combination of DS GEOVIA Surpac software and the 3DExperience platform, SRM is a comprehensive solution that links and manages processes, information, people, and tools under a single collaborative platform. Built to cover the many aspects affecting the resource estimation process, SRM is used to:

  • Organize and manage geoscience data, ensure a single source of truth
  • Build a unified view and understanding of the model
  • Easily collaborate within and between teams
  • View in 3D and share solid models via a browser, allowing for analysis anywhere anytime as long as connected
  • Validate input data and generate consistent and robust resource models
  • Enact based on project management principles and best practices
  • Improve process efficiency, consistency, and time savings through workflows
  • Utilize dashboarding and reporting capabilities to support strategic decision making
Strategic Resource Modelling Sample Interface

Resource estimation is the basis of multi-million investment decisions and subsequent mine plans that can make or break a mining company. If you want to know more how the DS Strategic Resource Modelling Solution can help ensure that reliable resource estimates are made, contact DS Philippine partner Paramina Earth Technologies Inc via paramina_solutions@paramina.com or reach us through www.paramina.com.


Place your Ad Here!


Related Articles

Company

Philippine Resources - June 30, 2021

Making Mining Smarter Through Virtual Twins

​ Article by Engr. Jeffrey Q. Geronimo In the recently concluded 2021 Prospectors and Developers Association of Canada (PDAC) convention, global leaders in mining have all agreed that the key to reduce risks and create more value in mining is by testing everything in the “virtual world” first. This is particularly done by taking risks, failing, and learning from mistakes -- not just digitally but also virtually. DIGITAL TWIN VS VIRTUAL TWIN “Digital twin” is not a new concept to the mining sector as computer-aided programs such as 3D CAD models have already been existent and utilized for several decades. However, while we have experienced vast improvements and upgrades, these models are still isolated from the real world and remains to be just digital models. This is where the concept of “Virtual twin” experiences come into play. It is a great leap beyond the digital twin experience wherein more accurate and scientific real-world models are taken into consideration such as time, environment, and behaviors in varying conditions and scenarios. This will enable problems and solutions of the company to be communicated faster to different teams across the mining value chain -- thereby increasing the company’s understanding, collaboration and participation. TAKING THE GREAT LEAP Mining companies may already have the fundamental data, processes, and infrastructure they need to begin the shift. What they may be lacking is the state-of-the art connectivity, contextualization, and collaborative platform that will integrate all of its people, processes and data. This will be their portal to the virtual twin experience. This is where the GEOVIA Mining Intelligence suite powered by the 3DEXPERIENCE Platform may bridge the gap. It provides users with an overall view of their mining operations with ultra-fast access to information on top of easy and sophisticated analysis. THE INTELLIGENCE NEEDED BY A SMART MINE The 3DEXPERIENCE Platform connects GEOVIA users with role-based applications to connect people, ideas, data and solutions in real-time. It enables centralized control and viewing of mine data, providing a single source of truth on your business operations. Moreover, it allows efficient collaboration with traceability across the mining value chain The GEOVIA Mining Intelligence suite, consisting of Production Intelligence and Geology Intelligence functions, extends the promise and collaborative power of the 3DEXPERIENCE platform by allowing users to reveal, measure and analyze mining data so that they may deeply understand and improve mining operations. GEOLOGY INTELLIGENCE “Geology Intelligence” is part of the Mining Intelligence offering. By simple configuration, it can show block model data in a graphical and tabular format. In addition, it gives emphasis on important information by using graphical techniques and drilldown into information to see more detail. Moreover, it analyzes these geological data and plot these as a chart. An overview of a geological data analysis using the Geology Intelligence function. PRODUCTION INTELLIGENCE Monitor equipment performance: Many mining companies measure their equipment performance metrics through spreadsheets and creating charts manually. While it gets the job done, this tedious process does not easily permit detailed analysis or comparison with historical performance to aid decision making. With the “Production Intelligence” function bundled with the GEOVIA Mining Intelligence suite, equipment performance metrics can now be configured around the mine’s specific Time Allocation Model that enables detailed analysis of Equipment Performance. A dashboard of Equipment Performance: Drill Meters, Scheduled Hours and Availability displayed by Production Intelligence. Monitor production actuals against targets: GEOVIA Mining Intelligence aggregates collected data into a more manageable visual representation that assists in making decisions. This will improve business performance and increase profitability. The proprietary 3DEXPERIENCE platform reporting technology uses index files to ensure very quick and responsive reporting. Production KPI and material flow key performance indicators: With a single glance, material flow and KPIs can now be aggregated and presented for an overall view of the mining operation. This is not exclusive to production departments as any other data related to the mine operation such as the mill plant may be displayed. Mine and Mill Plant data are generally always separated from each other due to their information differences. However, with Production Intelligence, it bridges that gap. Material flow showing locations, quantity, material type and more using Production Intelligence. MINING SMARTER TOWARDS SUSTAINABILITY As a step towards virtual twins, we enable a more sustainable mining environment by making it possible to do unlimited iterations, better operational insights, and greater flexibility. It simulates all these value-added services to model complex systems -- making it easier to analyze, test causes-and-effects, and significantly reduce risks faced by mining operations. Let Paramina Earth Technologies, Inc. be your partner towards your virtual twin experience journey. Contact us at paramina_solutions@paramina.com or reach us through our website www.paramina.com for more information.  

Company

Philippine Resources - August 26, 2021

Geoscience Data Management in the age of Mine Digitalization

​ By: Engr. Jeffrey Geronimo Data remains one of the most important assets of any mining company – and for these to become assets, these must be accurate and reliable. Data drives mineral exploration and mining operations. However, with the sheer volume of data we obtain, no one would object that these are usually overwhelming to manage; from the location and geochemistry of every hand sample; to the structural-geochemical-geophysical information collected from the nth drill hole just to define the resource; and even up to the 4D mine model showing the depth, thickness, grade. Gathering geoscience data is crucial for a mining project. Millions of pesos are invested in the process of obtaining new and managing old data. New data brings fresh interpretations to keep mine models updated. Older data may increase in value as the degree of confidence becomes higher proven by the new data obtained.  In addition, discoveries and deeper understanding of the project are often attained by continuously reinterpreting data from the past. When effectively managed, geoscience datasets can be aggregated to generate subsurface and resource models that underpin critical financial and engineering decisions. THE BIGGEST CHALLENGES: DISCOVERY, ACCESSIBILITY, AND SHARING What data do we have? Where are these?  How do we access these? These are three of the biggest data management challenges faced by mining companies. In most instances, files are just locally stored on each of the user’s laptops or desktops with the occasional habit of backing it up via the company’s file server. Moreover, sharing of valuable company data is done by just using e-mails, flash drives, FTP servers or even just through social media platforms. All these methods provide limited traceability and will compromise data security. While the abovementioned file management styles can get the job done, these could eventually reduce business efficiency and lead to reduced productivity. Do we have the latest version of the drillhole data? What if I was basing my work on outdated data the whole time? Where was the document saved by my colleague prior to his leave of absence? It is a formula for disaster! Therefore, having a transparent process workflow can ensure geoscience data management be aligned and supported in mining projects. THE SOLUTION: STRATEGIC GEOLOGY MODELING Paramina Earth Technologies, Inc. is proud to bring the golden standard for geoscience data management. Through our “Strategic Geology Modeling” solution developed by Dassault Systèmes, it blends the power of the industry-leading 3DEXPERIENCE platform to ensure customers unlock and harness the value held within their geoscience data. It seamlessly integrates GEOVIA Surpac, the world’s most popular geology and mine planning software, and ENOVIA Project & Document Management applications. Strategic Geology Modeling enables multiple users to work safely and securely on the same data and also at the same time. It enables tracking and managing user access and file permissions on top of retaining and tracing all changes to the data via document versioning. This gives the manager confidence that the latest interpretation, model, or plan uses the most up-to-date information - allowing real-time decisions and improved business agility. With Strategic Geology Modeling, your geoscience datasets are safe as these are securely stored in the 3DEXPERIENCE platform - whether on a public or private cloud, or on-premise.  With an intuitive and user-friendly interface, users can simply drag-and-drop data on the platform into the GEOVIA Surpac      graphics window to begin work - no need to undergo tedious conversions! It also enables: Document versioning for traceability and accountability Check-in/out of data The ability to ‘sync’ data for fast visualization User file and folder permissions Bookmark workspaces and folders to create personalized views The synced geoscience data on the platform is accessible anywhere and from any device. Users can build customized dashboards containing the applications and data of their choice, providing a dynamic real- time view of operational information and KPI’s - accessible via web browser. Strategic Geology Modeling combines these benefits with GEOVIA Surpac’s out-of-the-box functionality such as drillhole database, surfaces, and solids modeling tools. This allows geologists to truly represent the real world with a digital twin of the subsurface environment. The evolution of the geology model from interpretation, model generation to validation, can be tracked using ENOVIA’s Project Management applications. Managers can assign tasks, create a project plan, and monitor the progress against the plan using various charts. This complete project visibility in real-time means issues or delays are addressed as soon as they occur, reducing the impact on the business and allowing decision-makers to make critical business decisions faster. This undeniably improves business performance and operational agility. Figure 1: Geoscience Data Management utilizing the 3DEXPERIENCE ENOVIA application Once the model is uploaded to the 3DEXPERIENCE platform, content can be shared with all stakeholders via collaboration tools such as Communities & Conversations, Dashboards and Collaborative Tasks. Users can dynamically visualize GEOVIA Surpac content in 3D within the platform. They can also engage with colleagues or contractors at the same time through 3DSwym communities and conversations, or comment on the data itself. The connection enabled by our Strategic Geology Modeling solution saves time and helps the user identify issues and bottlenecks earlier in the modeling process. These dynamic datasets and user-centric collaboration help staff understand the real-world problems that impact business performance and agility, ensuring operational excellence in the age of mine digitalization. Let Paramina Earth Technologies, Inc. be your partner towards your mining journey! Contact paramina_solutions@paramina.com or www.paramina.com for more  information. REFERENCE: Dassault Systèmes. (2021). Geoscience Data Management: Challenges and a Solution. ​

Company

Philippine Resources - April 20, 2021

PLAN YOUR DEFINITION OF SUCCESS: Aligning Mining Projects in the Age of Digitalization

Bringing the best out of your mine requires tight coordination and collaboration across all the departments in your company – from the moment you prospect it and even up to the rehabilitation stage. That is why it is very important for managers and planners to establish key milestones, track tasks, and ultimately deliver their projects in alignment with the goals of the company. In attaining responsible mining and as well as efficiently maximizing gains, a transformative approach to project management is key. Whether you are working in the main office or in the mine site, managers and planners require the ability to provide the right information in real-time to the right stakeholders. COMPLEXITIES There are various complexities that impact a mining company’s ability to execute projects successfully. One of the most common things that should be addressed is that mine data is scattered across several silos. As an industry heavily reliant on data, imagine managing this gathered information from different departments with varying disciplines who produce diverse sets of data – keeping in mind that this comes from multiple numbers of people in dispersed locations. In addition, there may be times when managers tend to over-allocate resources and team members work on activities which has lower value or priority. With conflicts in scheduling, reporting, and waiting times involved, an increase in non-value activities inevitably come into play. As a result, all the complexities mentioned lead to higher operating costs, get more prone to data errors, and a decrease in the overall productivity of the mine. The Standish Group (CHAOS REPORT 2020) reports that, only 31% of projects are executed on time and on budget. The remaining 69% are either challenged or have failed altogether. THE CURRENT TRENDS With evolving standards in mining, modern strategic tools in project management definition and execution must now be able to support: Projects becoming more complex due to geological, environmental, and legal factors; and as well as increased pressure from a socio-political-cultural perspective. Teams requiring more data transparency so they can respond quickly and accurately. Collaboration via digital platforms, which will disrupt the traditional approach to project management solutions. This paves the way for Paramina Earth Technologies, Inc. to offer a unique opportunity for the Philippine mining industry to address all the problems mentioned above. THE SOLUTION With Dassault Systèmes’ ENOVIA™ powered by the 3DEXPERIENCE® Platform, the challenges of mine project management can be addressed by providing a digital approach to connecting people, data and processes. This makes your projects be in “full alignment” with the goals of your mine by making it: More collaborative More productive Faster More agile More visible COLLABORATIVE APPROACH Key to the success of any mining project is the ability to share and utilize relevant data and content in a seamless and accurate manner. Nobody wants to screw up mine feasibility figures such as drillhole data or mineral grades. These pertinent information are spread and used across multiple departments, resulting in projects being late or even disastrously failing altogether. With the nature of mining business having its personnel working across different locations and spread across varying business units and departments, ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves collaboration by removing silos and connecting all stakeholders in the mining blockchain, fostering project success. This is not possible in an offline electronic solution but can only be done in an online data-driven software. INCREASED PRODUCTIVITY Approximately 30% of an engineer’s time can be spent performing non-value-added activities like updating project schedules, looking for the latest version of mining files, reporting status, attending meetings and other activities not directly related to the focus of their role. ENOVIA™ Project Management on the 3DEXPERIENCE® platform eliminates non-value added activities by connecting data directly as deliverables on project tasks in a single platform. With a single drag-and-drop, ENOVIA™ enables employees to better focus on project deliverables since project status are translated into trackable tasks, both for the manager and the team members, which will improve the overall productivity of the mine. SPEEDING UP THE PROCESS In today’s global economy, the competitive landscape critically pushes to have a project management system that is adaptive to the needs of the mine – rather than a standalone tool. ENOVIA™ Project Management on the 3DEXPERIENCE® platform brings together people, processes, and data on one platform allowing companies to execute mining projects with the same resources as a single source of truth. Projects are executed faster thus maximizing the potential of the mine. MAKING MINES MORE AGILE Traditional project management solutions do not tie tasks directly to the requirements of the mine. As these requirements change, departments involved are oftentimes unaware of those changes and deliver reports that do not meet the new requirements set. ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves agility by connecting project requirements directly to project tasks, allowing changes to be managed across multiple mining departments with ease. It helps mining companies to allow a much more effective collaboration among different departments – making them be able to sail flawlessly with changes during the project execution versus reacting to changes down the line. VISIBLE SINGLE SOURCE OF TRUTH Many industries today have the perception that implementing electronic reporting improves the ability to communicate project status. However, this is just partially true. The reality is that projects still require manual consolidation of information, which can be prone to errors and most likely already be outdated by the time the report is generated. ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves visibility with data-driven real-time project dashboards and analytics, allowing mine managers to make faster and more informed decisions. It is now possible to see the most accurate and up-to-date status of projects in context of deliverables. This allows for more informed decisions quicker, leading to successful project execution. TAKING THE OPPORTUNITY With ENOVIA™ Project Management on the 3DEXPERIENCE® platform, all stakeholders in the mining blockchain are aligned with the project goals and status – and work well together in achieving and defining your mine’s success. Let Paramina Earth Technologies, Inc. be your driver in your mine’s digital path to sustainable growth. Contact us at paramina_solutions@paramina.com or reach us through our website www.paramina.com for more information.

Place your Ad Here!


Recent Articles

Mining

Philippine Resources - January 30, 2023

PHILEX MINING GEARS UP FOR EXPANSION, SIGNIFIES INTEREST IN MACAWIWILI

In photo at the signing of the term sheet between PMC and MGMDCI were: (seated, left to right) Felicisimo A. Feria, Jose Ma. S. Lopez, and Michael L. Escaler, all representing MGMDCI; Manuel V. Pangilinan, Philex Chairman; and Eulalio B. Austin Jr., Philex President and CEO; (standing, left to right) Atty. Katrina Janine Sta. Ana, Associate, Migallos & Luna Law Offices; Atty. Bryan George Manzano, Associate, Migallos & Luna Law Offices; Atty. Michelle Carisse Balois, Partner, Feria Tantoco Daos Law Offices; Atty. Daneia Isabelle Palad, Partner, Migallos & Luna Law Offices; Atty. Winston Cruz, Vice-President and General Counsel, Philex Mining Corporation; Romeo B. Bachoco, Senior Vice-President and Chief Finance Officer, Philex Mining Corporation; Atty. Marilyn A. Victorio-Aquino, Director, Philex Mining Corporation; Atty. Barbara Anne C. Migallos, Director and Corporate Secretary, Philex Mining Corporation and Partner, Migallos & Luna Law Offices; Atty. Raymond Francis Jamora, Associate, Feria Tantoco Daos Law Offices; and Atty. Michael John Tantoco, Jr., Associate, Feria Tantoco Daos Law Offices. (PMC photo) Philex Mining Corporation, one of the oldest and largest copper and gold producers in Southeast Asia, recently set into motion its plans for expansion with the signing of a Term Sheet with Macawiwili Gold Mining and Development Co., Inc. (“MGMDCI”) in simple ceremonies in Makati City. Macawiwili Gold Mining and Development Co., Inc. is a 90-year old company engaged in mineral exploration and production in Itogon, Benguet. With over 800 hectares of contract area under its Mineral Production Sharing Agreement, the Company has been exploring various mineral deposits, including gold and copper, for several decades. The Term Sheet outlines the parties’ clear intentions to explore commercial, financial, and technical avenues in preparation for possible shares acquisition by the Company in MGMDCI. Activities to kick off this partnership will include conduct of due diligence and scout drilling activities on the property of MGMDCI covered by Mineral Production Sharing Agreement (MPSA) in Itogon, Benguet Province., located adjacent to the existing Padcal Mine of the Company. Signing the Term Sheet on behalf of the Company were Manuel V. Pangilinan, Chairman, and Eulalio B. Austin Jr., President and CEO; while representing the shareholders of MGMDCI were Michael G. Escaler, Jose Ma. S. Lopez, and Felicisimo A. Feria. The signing was also witnessed by directors and officers of the Company as well as counsel for both parties. “Our interest to pursue investments in the Macawiwili property” according to Eulalio B. Austin, Jr., President and CEO, “is part of our business direction for this year to broaden interest in ‘green metals’ through mergers and acquisitions.” “We need to hit the ground with this at the soonest possible time,” Austin adds, “considering that this property is adjacent to our Padcal mine and would go a long way in fulfilling company plans for expansion and extension of the life-of-mine of Padcal. “This is a good addition or extension to the Padcal Mine,” according to Manuel V. Pangilinan, Philex Chairman. “I hope that this is the start of something good and that it would ride the wave of higher metal prices in gold and copper.” Pangilinan emphasized that “any addition, expansion, or extension to the Padcal Mine would greatly benefit not just our employees and their families, but also our host and neighboring communities, and our nation as a whole.”   Article courtesy of the Philippine Stock Exchange

Mining

Philippine Resources - January 30, 2023

DMCI Holdings, SMPC among best governed PLCs

Photo caption (left to right): SMPC Corporate Governance and Compliance Manager Joseph D. Susa, DMCI Holdings Board Advisor and SMPC Independent Director Honorio O. Reyes-Lao and SMPC SVP, Chief Risk, Compliance and Performance Officer Junalina S. Tabor. Diversified engineering conglomerate DMCI Holdings and its energy subsidiary Semirara Mining and Power Corporation (SMPC) were among the Philippine listed companies recognized for their corporate governance performance by the Institute of Corporate Directors (ICD). DMCI Holdings received the 2 Golden Arrow recognition while SMPC was awarded the 3 Golden Arrow recognition. Both have been ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow awardees since 2019. The awards were conferred after the two companies exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS. The ACGS measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through timely disclosure of material information, and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders. Over 80 Philippine listed companies were feted during the in-person awarding ceremony in Sheraton Manila Hotel last January 20.   Article courtesy of the Philippine Stock Exchange

Construction

Philippine Resources - January 30, 2023

DOTr to prevent more delays in PNR Clark Phase 2 project

Photo credit: DOTr The Department of Transportation (DOTr) will work closely with the contractor of the Philippine National Railways (PNR) Clark Phase 2 project to ensure that issues are addressed after its projected completion date was delayed by eight months. In a statement on Monday, the DOTr said the project, initially slated for completion in June 2024, has been delayed until June 2025 due to the delay in the turnover of the land to project contractor POSCO Engineering & Construction. “Before the 36-hectare site was turned over by the government to POSCO, several fruit-bearing trees were cut down, causing the delay,” it said. About 48 buildings and facilities are expected to be built by POSCO at the project site, meant to be the Clark Depot of the North-South Commuter Railway (NSCR). “As of December 31, 2022, more than 33% of the planned construction has been completed,” it said. In addition to buildings and facilities, the Clark Depot will have 33 stabling tracks to serve as the parking areas for the trains and 12 other tracks to access maintenance facilities. During a site visit at the project site, DOTr Secretary Jaime Bautista said the Clark Depot is where the operations control center will be located which will serve as the “heart of operations” of the rail service. “It is important that we complete this as planned and on time. I know that there are issues that need to be resolved. The DOTr will work closely with [the contractor], so we can fix problems and address issues,” Bautista said. The 53-kilometer PNR Clark Phase 2 is the second leg of the NSCR and will link multiple cities and municipalities in Central Luzon with Metro Manila. Funded by the Asian Development Bank, the project is seen to cut travel time between Malolos City in Bulacan province and Clark, Pampanga province from 1.5 hours to 30 minutes. This part of the NSCR also includes the Airport Railway Express Service that will connect Makati to the Clark International Airport through a 55-minute train ride.   Article courtesy of the Philippine News Agency

Place your Ad Here!

Place your Ad Here!

Join the Philippines'

Mining, Construction and Industry Community

Be the "First" to get our exclusive Digital Magazine & Newsletter.