MiningMath

MiningMath

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Improve your strategic analysis through risk assessments unconstrained by stepwise processes

Public Datasets

Estimated reading: 2 minutes 389 views

Freely disclosed datasets

MiningMath allows you to learn, practice, and demonstrate, by showing any scenario previously ran the concepts of Strategy Optimization using the full capabilities of using only Marvin Deposit. This version is freely available to mining professionals, researchers, and students who want to develop their abilities considering this standard block model.

MARVIN DEPOSIT

DB Information

Below are listed the default parameters for Marvin according to the adaptions made in our formatted model.

Parameter Value
Block size
23000 m³ (X = 30m, Y=30m, Z=30m)
AU - Selling Price
12 $/g
AU - Selling Cost
0.2 $/g
AU - Recovery
0.60
CU - Selling Price
2000 $/ton
CU - Selling Cost
720 $/ton
CU - Recovery
0.88
Mining Cost
0.9 $/ton
Processing Cost
4.0 $/ton
Discount Rate
10% per year
Default Density
2.75 t/m³
Default Slope Angles
45 degrees

Economic Values

  • Process Function = BlockSize * Density * [GradeCU/100 * RecoveryCu * (SellingPriceCU – SellingCostCU) + GradeAU * RecoveryCu * (SellingPriceAU – SellingCostAU) - (ProcessingCost + MiningCost)]
  • Waste Function = BlockSize * Density * MiningCost

McLAUGHLIN DEPOSIT

DB Information

Below are listed the default parameters for the McLaughlin deposit according to the adoptions made in our formatted model.

Parameter Value
Block size
X = 7.62m (25ft), Y = 7.62m (25ft), Z = 6.096m (15ft)
AU - Selling Price
900 $/oz
AU - Recovery
0.90
Mining Cost
1.32 $/ton
Processing Cost
12 $/ton
Discount Rate
15% per year
Default Density
3.0 t/m³
Default Slope Angle
45 degrees

Economic Values

  • Process Function = BlockSize * Density * [GradeAU * RecoveryCu * (SellingPriceAU) - (ProcessingCost + MiningCost)]
  • Waste Function = BlockSize * Density * MiningCost
CONTENTS

Theory Validation

MiningMath’s results are only possible due to its proprietary Math Program...

Guaranteed Solutions

Multiple, complex constraints increase the likelihood of not finding or not exis...

MiningMath Uniqueness

MiningMath allows mining managers to improve their strategic analysis through ri...

Time Limit

It is possible to indicate a time limit in hours before running a scenario in th...

Must read articles

In order to take the maximum of MiningMath’s Optimization we recommend this fl...

Tutorials

Geometry

Theory

Workflow

Formatting the Block Model

The main focus here is on the requirements. Try to pay attention to the header...

Integrated Workflow, Best Case, Exploratory Analysis, Schedule Optimization, Short-term Planning

By running these scenarios you are already mastering MiningMath and the main use...

Constraints Validation

This is the moment of validating every parameter that should be inserted on the ...

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