Get the NPV upper bound better than the Best Case scenario!
Created in Brazil in 2010 by the Operational Research specialist Alexandre Marinho, MiningMath was initially committed to providing consulting services focused on technology for mining. In 2013, Marinho completed his Masters in Mining Engineering, in Canada, producing a research paper on Stochastic Mine Planning. This research composed the theoretical foundation for the development of MiningMath’s first software, Simsched, bringing great technological innovation to mine planning. Thus, the company migrated from consulting to the development of optimization software for open pit mine planning.
In the following year, multidisciplinary professionals from engineering, geology, computational mathematics and science united skills and efforts, and the company developed a free tool for pit optimization. In 2015, MiningMath launched the first robust version of the commercial product. With a unique optimization methodology on the market, the MiningMath technology is capable of generating diverse solutions useful to build decision trees. The analysis of these trees, in turn, assists in decision-making through risk assessments not constrained by a step-wise approach. The technology was consolidated in the market in 2017, bringing in its essence MiningMath’s trademark: innovation.
Since its establishment, MiningMath is dedicated to improving the software and incorporating the most wished solutions of Research & Development investors and mining specialists. The MiningMath technology, as it is currently known, has reached a mature and robust state, with an increasing number of licenses sold worldwide also proving the consistency of the implementation.
Our workflow is guided by collaboration and partnership, offering unique commercial opportunities for the expansion of businesses and careers in the mining field through the use of the MiningMath technology. We’ve also developed an online platform for the integration of the Community, besides providing free licenses for teaching and disclosing articles developed using MiningMath.
This is just the beginning. Become part of our story!
Leading countries that use and approve the MiningMath technology
Foundation of MiningMath
The SimSched project presents a new algorithm to optimize geometric constraints
Participation in diverse national and international mining events, leading academic seminars in Colombia and Peru
1st place in Minetech Challenges and Solutions Competition, in Russia, and approval in the first stage of the Finep Startup program
Change in the name of the technology: from SimSched to MiningMath
Constant developments and improvements in the MiningMath technology; launch and improvements of the MiningMath Community; investments in collaboration, partnerships, organizational culture and business solidification.