Mining Reconciliation
Mining reconciliation is a critical process in the mining industry that aims to understand, quantify and analyze the differences between planned and actual outcomes at each stage of the mining project. This process is crucial as it helps mining companies to improve the efficiency of their operations, increase the accuracy of their reserve estimates and ultimately increase the profitability of their projects.
Reconciliation in mining typically involves the reconciliation of data from exploration, modeling, mining, processing and sales. By comparing planned and actual data, companies can identify discrepancies and investigate their causes. This can include a variety of factors, from errors in geological modeling to variations in mining practice to differences in ore processing efficiency.