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| Last Updated:22/09/2014

PAST EVENT

Upcoming Event

Sampling Theory : Sampling practices and their economic impact

 

October 06, 2014 - October 10, 2014 in Golden, USA

 

Colorado School of Mines

 

Poor sampling, compounded by poor laboratory subsampling, leads to questionable geostatistics, and generates severe conciliation problems between the geological model, the mine, and the plant estimates. These problems also affect the price of commodities and the validity of environmental assessments. The result is a huge money loss for the company involved, evolving later in likely litigation.

 

It is of key importance for geologists, miners, metallurgists, chemists, and environmental specialists to extract maximum information from the available data, as large investments and crucial decisions depend on it. The course offers simple ways to quantify money losses for a given sampling precision, and it provides a good strategy to prevent catastrophic sampling inaccuracy for which there is no statistical cure.

 

Unless sampling precision and accuracy are clearly connected to economic issues, it is unlikely that any manager would understand the reason for improving sampling protocols and the way they are implemented. At the end of the course, the attendee will be better equipped to present the economic advantages of good sampling to company executives

 

 

For more information: http://www.smenet.org/

 

Contact Information :

Colorado School of Mines
Frances Pilard
1600 Jackson Street
USA
USA
Phone: 303.451.7839
Email: fpsc@aol.com
Website: http://csmspace.com/

 

(Source: http://www.infomine.com)