MiningMath

MiningMath

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Math Optimization models that integrate multiple business’ areas

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Optimized Schedules

Estimated reading: 1 minute

In the early years of the project you will find many concerns and the most value in terms of NPV. Knowing that, we decide to consider a 10-year surface to optimize the first 5 years. By a logical assumption, as the surface used corresponds to a decade, it will contain the interval from the 1st to 5th period and represents a lot more mass. However, this simple input can restrict the space where the algorithm has to find a solution, which could reduce the run-time and help it to deliver better results respecting the set of constraints given.

Example:

Parameters Value
Timeframe
Years (1)
Processing capacity
10 Mt per year
Total movement
40 Mt per year
Vertical rate of advance
150m per year
Maximum of processing hours
4,500 processing hours per year
Minimum Mining
50m
Bottom width
100m
Restrict Mining Surface
Stockpiling parameters
On
Grade copper
Until 0.7%
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