A mine wanted to investigate whether changes to ROM stockpile capacities would allow for a higher margin for their operation. Often the operation was forced to sell products that exceeded quality requirements thereby destroying value. There were limited options to change the mining schedule creating other challenges known only to the client.
Site technical services believed that some stockpiling of selected materials might alleviate the issue. They wanted to understand:
- how large the stockpile capacity needed to be, and
- whether benefits could be achieved from changes in stockpile definitions
The decision to stockpile ROM was to be balanced against rehandle costs. Additionally, some materials could not be stockpiled for long periods due to rapid negative changes in material attributes (oxidation and maximum fluidity).
BlendOpt was used to run a range of scenarios evaluating different value-chain conditions.
The Value Unlocked for our Client
BlendOpt can function as a versatile coal management software application, and as a result of BlendOpt actionable insights, the client implemented a moderate change in stock capacity along with several changes in stockpile definitions and improved 12 month forecast revenue by $24M per year.
Make high-quality decisions
BlendOpt value-chain optimisation platform
Does your product portfolio represent the value that can be delivered to market?
Do you find your current short, medium, and long term planning could be more effective?
Do you spend too much time reconciling actuals with forecasts?
Do your planning and scheduling tools support multi-disciplinary coordination?
Do your planning activities allow you to analyse opportunities and implement changes that unlock additional value?
Do your scheduling activities allow you to co-ordinate and synchronise up and downstream?
Does your business have the best tools to synchronise planning processes with operations?
Are you able to effectively reconcile short term plans with the long term?
Do your planning activities allow you to de-risk operational bottlenecks and capacity constraints?
What can BlendOpt do for you?
Automatically explore thousands of scenarios.
Generate forecasts and measure their value based on tonnage, revenue, cost reduction.
Digital Twin your operation and optimise schedules and plans based on a multitude of constraints and objectives, and formulas.
Optimise for any defined objective.
Satisfy all of your hard constraints.
Prescriptive actionable analytics and understandable plans that make sense.
replace your spreadsheet planning and scheduling with a web-based multi-user application with configurable dashboards.