Before We Start
Before we start exploring the software, it’s important to revisit the key concepts and advantages of our approach.
MiningMath is the first and only single-step mining optimization engine. This means our main advantage is the ability to integrate multiple business areas in a single optimization step while handling all parameters simultaneously.
Here, you can see how the MiningMath approach compares to more traditional mine optimization methods.
The main and most significant benefits of MiningMath for mining projects are:
Maximize the Net Present Value (NPV) of the project. Improve ore selectivity by combining blocks to meet average grade constraints and enhance operational efficiency.
Speed up the analysis process, allowing users to quickly evaluate different scenarios and make informed decisions. MiningMath can reveal hundreds of unseen distinctive solutions and helps you find realistic lower risk / higher potential scenarios.
Provide flexibility and the ability to handle geotechnical, scheduling, and blending constraints, which are essential for ensuring sustainability and regulatory compliance in the mining industry.
Perform Stochastic Mine Planning.
In other words, MiningMath enhances your decision-making capabilities, reduces analysis time, and increases operational efficiency, making it an essential tool for optimizing mining projects.
Now that you’re familiar with our approach and its benefits, we can move on to practice.
The first step is to ensure that everything you need is properly set up and ready to go. Let’s see how to do it.
