Evaluation of Mineral Reserves: A Simulation Approach (Applied Geostatistics Series)

Rating:
Summary: Interest to the Mining Industry
Review: The mining industry is showing increasing interest in the use of simulation for mine design optimization, risk analysis, and estimation of recoverable reserves as a function of mining selectivity. Many symposia have been organized to discuss deposit simulation and its applications. However, as stated in the book's introduction, there was an obvious need for a book describing the mathematical and practical aspects of simulation. Journel and Kyriakidis filled this gap. As expected from Journel the book is thorough, detailed, requiring a strong statistical background to be fully appreciated, but a must-read for anyone interested in the subject. It will become a text book for all serious students of geostatistics and a fundamental reference for all geostatisticians.

Rating:
Summary: Interest to the Mining Industry
Review: The mining industry is showing increasing interest in the use of simulation for mine design optimization, risk analysis, and estimation of recoverable reserves as a function of mining selectivity. Many symposia have been organized to discuss deposit simulation and its applications. However, as stated in the book's introduction, there was an obvious need for a book describing the mathematical and practical aspects of simulation. Journel and Kyriakidis filled this gap. As expected from Journel the book is thorough, detailed, requiring a strong statistical background to be fully appreciated, but a must-read for anyone interested in the subject. It will become a text book for all serious students of geostatistics and a fundamental reference for all geostatisticians.

Rating:
Summary: Evaluation of Mining Reserves
Review: This is a well-outlined book explaining the simulation approach to the evaluation of mining reserves. It starts out with the statement of the problem, gives the notations used, and notes the objectives of estimation and simulation. After the simulation approach is explained, volume-variance correction alternative is discussed. There are very good application examples with the sample reference data set used. More than 200 pages of excellent reading material in the subject. Highly recommend it.