MiningMath

MiningMath

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All parameters simultaneously handled,delivering multiple scenarios

Discounted vs. Undiscounted Cash Flow

MiningMath’s objective function maximizes the discounted flow for the entire life of the mine, all in a single math optimization step, considering all needed constraints simultaneously. On the other hand, other packages that use the

Mining Sequence per Period

What is a mining sequence per period? A mining sequence per period outlines the order in which blocks are to be mined within each period, typically starting from the first block (block 1) and ending

Evaluating constraints

MiningMath has a flexible mining optimization algorithm that consists of a Mixed Integer Linear Programming (MILP) formulation and linearization methods that tackle the challenging non-linear aspects of the problem. It is the only mining package

Labs

Starting from version 3.0.8, a new set of small apps are provided in the MiningMath Labs section. These apps provide quick solutions to common problems, for example changing input csv files. Share new apps! If

Multivariate Sensitivity Analysis

Multivariate Sensitivity Analysis is the process of creating and analyzing scenarios based on a range of possible values for selected constraints. Analyzing the impact of constraints variations is important for determining the optimal mine configuration

Bottleneck Analysis

Bottleneck Analysis involves generating scenarios to conduct extensive searches for solutions with fewer violations while preserving NPV, keeping geometries, optimizing mining operations, and reducing risks. This allows for the discovery of more efficient and sustainable

NPV Enhancement

NPV Enhancement is the process of creating scenarios to conduct extensive searches for solutions with higher net present value (NPV) values and similar violations, while considering minimum requirements for project constraints. Scenarios are created that

Design Enhancement

Design Enhancement is the process of creating scenarios to conduct extensive searches for solutions with similar NPV values but with fewer violations and improved shapes. This process allows finding more efficient and sustainable solutions that

Selectivity Analysis

Selectivity Analysis is the process of generating and analyzing scenarios to measure the impact of all geometric constraints on the project’s net present value (NPV), from the most selective to the least selective setup. Analyzing

Best-Worst Range Analysis

Best-Worst Range Analysis is the process of generating and analyzing scenarios to measure the impact of mine width constraints on the project’s net present value (NPV), from no restriction to wide widths. Measuring the impact

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