Optimise gold recovery through mill feed blending, processing and stock inventories with Collaborative Mathematical Optimisation (CMO)
Simultaneous optimisation of process feed control strategies, blending and stock inventories using BlendOpt
To remain competitive, respond quickly to changes in market conditions, and maximise revenue outcomes it is important to consider a holistic strategy for value creation as well as improve the coordination of operations planning across the mining value-chain. The BlendOpt software application collaborates with you by utilising your expert knowledge and decision making with mathematical optimisation in order to find ideal plans and schedules for your gold operation.
Plans for mining, grinding, and processing, are difficult to align with recovery and NPV objectives if each planning activity is developed separately instead of holistically. In practice, value-chain optimisation is only achievable through integrated planning. By integrated planning, we mean coordinated planning of decisions between mining, processing, inventory, logistics, maintenance, and sales. While the importance of integrated planning is recognised, its execution is difficult without the right tools to support this process.
BlendOpt is the first mathematical optimisation software tool that supports gold mine to mill integrated planning. Starting with a mine schedule, the BlendOpt Collaborative Mathematical Optimiser (CMO) discovers strategies for how ore should be blended, milled and processed, maximising recovery and throughput while managing costs. Mathematically optimised plans are created using algorithms that test thousands of possible plans in search of the highest profit from the data provided.
Previous mine value-chain optimisation software has historically been unable to accurately model the problem and did not contain algorithmic techniques that could solve the problem in a timely fashion or address the multitude of mining value-chain constraints. In addition, any results generated were difficult to analyse thereby limiting what insights could be gained to inform practical improvements to business strategy, or tactical and operational decision making.
BlendOpt for Gold mining and processing
The BlendOpt solution has been engineered to manage the complexity of the Gold mine to mill value-chain and can support decision making in the following areas :-
- Highly flexible recovery, throughput, and cost model calculations to optimise profits and that take into consideration properties including head grade, arsenic, abrasion, hardness, sulphur and other properties.
- Scenario testing to quantify benefits and risks associated with hypothetical changes to the operation.
- Planning that directly factors in uncertainty using either predictive or historical data on the variability of material (physical and chemical) properties.
- Improvements to the stability of intra-day feed blends with benefits to concentrate grade and total recovery.
- Optimisation under small inventory capacity conditions.
If you'd like to learn more, please read our gold mine to mill case study where BlendOpt was utilised by a gold miner to optimise their planning processes..
Would you like to know more?
Do you optimize product placement into the market?
Do you know when Demurrage adds value (can you spot “value justified” demurrage)?
Do you know in what situations your stockpile quality models increase contract rejection risk?
Does your planning software require stable operations, predictable markets, consistent orebodies?
Can you run scenarios to understand your options?
Does your tactical scheduling software automatically synchronize with your longer term planning tools?
Do your schedules reflect conditions on the ground?
Are your schedules tossed in the bin on day 1?