MiningMath

MiningMath

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Get the NPV upper bound better than the Best Case scenario!

Optimized Schedules

Estimated reading: 1 minute 1272 views

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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