MiningMath

MiningMath

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

Optimized Schedules

Estimated reading: 1 minute 313 views

Consider your real production

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:

  • Timeframe: Years (1).

  • Processing capacity: 10 Mt per year.

  • Total movement: 40 Mt per year.

  • Maximum of 4,500 processing hours per year.

  • Vertical rate of advance as 150m per year.

  • Minimum Mining (50 m) and Bottom(100 m) width.

  • Restrict Mining Surface: Surface002 from Exploratory Analysis.

  • Grade copper until 0.7%.

  • Stockpiling parameters on.

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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