Robust decision making – optimum mining strategy under economic uncertainty

Snowden’s Tarrant Elkington notes that “identifying an approach is important when selecting robust strategies in order to understand the interplay between decision making and uncertainty. One approach to arrive at the optimum mining strategy under economic uncertainty is to focus on commodity price uncertainty. This might not be the most financially optimum strategy under expected conditions, but it will be robust in terms of reducing risk and exposure to potential fluctuations in economic conditions. (more…)