MiningMath

MiningMath

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Global Optimization with no stepwise process!

Destinations

Estimated reading: 2 minutes 333 views

Destination Policy of MiningMath

MiningMath aims to maximize the NPV of a mining project, and as such, it uses a discount rate in all calculations, it also considers the value of money through time. The software decides which blocks will be mined, when, and to which destination they must be sent. The mathematical model bases its decision on the economic values of each possible route. It means that MiningMath aims to identify, in a global view, which is the best destination to increase the NPVrespecting, simultaneously, all the constraints and using the priority order listed here.

Adding Destinations

Figure 1 shows, on the right bottom corner of the screen, the buttons responsible for add/remove destinations.

The panel Type shows the type of each destination added. The user must add at least:

  • One (1) processing stream;

  • One (1) waste dump

The numbers at the left of the screen are identifiers for each route at the mined blocks output file.

Read more about multiple destinations.

Renaming

Especially when using multiple destinations, the user should consider using more meaningful names for each route. Figure 2 highlights the panel Name, where the user can rename each one.

Process Recovery

Figure 3 shows the recovery panel, which is intended to input recoveries used during economic value calculationThe difference is that now it is for reporting purposes, which means it is not being considered twice.

Economic Value

Figure 4 highlights the Economic Value panel. Here, the user can assign each economic function to the proper destination.

Stockpile limits

As shown in Figure 5, stockpile limits are available only for processing streams, if activated in the General tabThese limits are valid for the life of mine.

Read more about stockpiles.

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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