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Get the NPV upper bound better than the Best Case scenario!
Get the NPV upper bound better than the Best Case scenario!
Strategic mine planning involves creating a plan to efficiently use a mineral resource, maximizing its value over the lifetime of the mine. In other words, it is important to establish a timeline for the extraction and processing of the mineral resources, balancing the need for a steady production with operational and market considerations.
Effective strategic mine planning also involves risk management. Through MiningMath’s optimization models, which integrate multiple areas of the business, mining companies can identify efficient extraction methods, minimize costs, and improve overall project value.
Strategic mine planning and its challenges.
MiningMath supports diverse workflows designed to enhance strategic mine planning, empowering mining engineers to improve their strategic analysis through risk assessments. Unlock the full potential of your mining projects by focusing on NPV maximization, solution refinement, and integration using different timeframes.
Super Best Case: maximize the project's NPV by exploring the entire solution space with only processing capacity constraints.
Optimized Pushbacks: generate and analyze pushback scenarios to optimize ore and waste volumes, controling geometric constraints and aiming to maximize the project's NPV.
NPV Upside Potential: generate and analyze scenarios to measure the impact of each constraint on the project’s NPV.
Best-Worst Range Analysis: identify optimal equipment and mining techniques by evaluating varying mine width constraints to maximize production and profit.
Selectivity Analysis: analyze scenarios to assess how different geometric constraints impact the project's NPV, ranging from highly selective to less selective setups.
Multivariate Sensitivity Analysis: analyze scenarios by varying selected constraints to optimize mine configuration and enhance productivity and profitability.
Design Enhancement: create scenarios to conduct extensive searches for solutions with similar NPV values, but with fewer violations and improved shapes.
NPV Enhancement: generate scenarios to thoroughly search for solutions that maximize NPV while meeting project constraints with minimal violations.
Bottleneck Analysis: generate scenarios to minimize violations while preserving NPV, maintaining geometries and reducing risks. Aim for efficient, sustainable solutions tailored to mine-specific constraints and needs.
Short-term Planning: integrate short and long-term optimizations using different timeframes to streamline strategic analysis and decision-making processes.
Multi-mine: find solutions that consider all the pits being mined or mixed at the same time with a single-step, global optimization algorithm.
Sustainable analysis: incorporate social and environmental factors in the mining project optimization, assessing their impact whilst maximizing the project's NPV.
MiningMath offers a robust suite of strategic mine planning workflows designed to optimize every aspect of your mining operations. By leveraging its diverse tools, mining companies can improve efficiency, manage risks effectively, and ensure sustainable practices.
Windows 64-Bit (x86_64) - 121 MB
Windows 64-Bit (x86_64) - 121 MB
With constant developments since 2013, MiningMath has reached a mature and robust state. We are the first and only single-step mining optimization engine available in the market!
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