Estimation of resources and engineering of reserves, Radomiro Tomic project, Codelco-Chile

A methodology for the engineering of mineral reserves was developed to enab le Radomiro Tomic, a new division of Codelco-Chile, to be brought into prod uction. A clear audit trail, from estimation of resources through to econom ic evaluation, assists the company to appraise the bankable status of the r eserves so engineered. The work reported led to the formation of a new tech nical body within Codelco-Chile, Geplam, charged with the task of reviewing the quality of reserves engineering presented as the basis for investment requests.