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Author: Kwame

Kwame Awuah-Offei is a professor of mining engineering and the principal consultant at Sphinx Mining Systems LLC. His expertise includes mining property disclosure issues and modeling, simulation, and optimization of mining systems.
Gold bullion
General / Mine planning / Mineral economics / Mining business

Bull/Bear Markets and Mine Plans

This week, I read several articles on gold’s bear run on the markets (you can find my favorite here). Several news outlets noted that gold dipped below $1,500/oz., which takes it …

Dice
Simulation / Uncertainty

Assessing uncertainty: What is the most important variable?

Many mine engineering analyses involve uncertainty due to variability in input variables. Examples include mine production planning analyses with uncertainty surrounding production rates and other production parameters and geomechanics analyses …

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