MiningMath

MiningMath

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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

Some common constraints applied to the Marvin deposit are listed below.

Constraint Value
Processing capacity
10 Mt per year
Total movement
40 Mt per year
Sum of processing hours
4,000 per year (detailed estimate of the plant throughput)
Vertical rate of advance:
150m per year
Copper grade
Limited until 0.7%
Minimum Mining Width
50m
Minimum Bottom Width
100m
Restrict Mining Surface

Some surface in .csv format. For example due to a processing plant in the area.

Fixed Mining (Stockpiling)
0.9$/t
Rehandling cost (Stockpiling)
0.2$/t

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
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