SPEAKER FOR MARCH 22, 2017 MEETING:
Dr Abani R Samal holds PhD from SIU, Carbondale, DIC & MS from Imperial College, London and M Tech (Mineral Exploration) degree from IIT (ISM) Dhanbad, India. He is in mining industry since 1996. Immediately prior to his current position, he was a Principal advisor for Rio Tinto – a major mining company, based at their Salt lake City Regional HQ, USA. Currently he the owner and Principal of GeoGlobal,LLC. He is providing advisory services to mining companies. He is also an Adjunct Associate Professor at University of Utah, SIU Carbondale, Illinois and Indian Institute of Technology (IIT), Bhubaneswar, India. Mineral deposit evaluation, resource estimation & reporting, reconciliation of mine operations and applied geostatistics are Dr Samal’s technical specializations. He also provides training programs to industry and academia worldwide.
Abani R Samal, is a Certified Professional geologist (CPG) of AIPG, Registered Member of SME and a Fellow of Society of Economic Geology (SEG). He has been active in strategic committees of SME, Past Chair of the industrial minerals and aggregates division and an active contributing member of the committee that published the 2014 SME Guide for Reporting Exploration Results, Mineral Resources, and Mineral Reserves. Dr Samal is a very active member of other professional organizations including GSA, Geological Society of India (Fellow), IAMG (life member). Recently he was appointed as an honorary representative of CRIRSCO in India.
Presentation Title: ‘Importance of reliable estimation of mineral resources in the development of a mining project’
Abstract: Development of a mineral deposit takes years of activities including drilling, sampling and assessment of mineral resources. As the deposit moves from preliminary exploration to construction into a mining project, through various sub-stages, as each stage a review of mineral resources is done to ensure that the mine that is to be developed can generate enough revenue to make the project profitable. We all know that the entire project is based on a predicted model of mineral resource that has the potential to generate revenue for the project. Therefor the estimation of mineral resources need to be reliable and defendable. In this talk some real life examples will be used (without disclosing deposit details) to demonstrate the importance of reliable estimation of mineral resources in evaluation of a mineral deposit for further development.