KPI Mining and McGill collaborate on stochastic optimization software program

KPI Mining in collaboration with McGill College‘s COSMO, have launched KPI-COSMO stochastic mining optimizer. The outcome, KPI-COSMO, a mine planning software program that the businesses are calling a “game-changing.”

KPI-COSMO is designed to permit purchasers to optimize mine manufacturing schedules with built-in danger administration by creating distinctive fashions of their mineral worth chain. The software program creates a whole worth chain of a number of open pit mines, stockpiles, processing services and extra. With complicated materials flows and value/income streams accounting for geologic, monetary, and environmental uncertainties. The software program offers sequences of extraction, cut-off grades, and materials transformations throughout all the chain of manufacturing, in addition to manufacturing forecasts. 

COSMO is a collaborative mining engineering laboratory primarily based out of McGill College that implements optimization and orebody modelling frameworks. The COSMO Laboratory is collectively funded by the Canadian and Quebec governments, in addition to a consortium of main mining corporations, who collectively characterize 75% of the world’s mining actions 

The collaboration additionally consists of corporations resembling – AngloGold Ashanti, Anglo American, De Beers, BHP, IAMGOLD, Kinross Gold, Newmont, and Vale.

“Our imaginative and prescient is to proceed growing software program options specializing in all mining manufacturing planning horizons, together with long-term, medium-term, and short-term operational planning for each open pit and underground mining,” mentioned Benny Cohen, president of KPI Mining Options. 

To study extra, go to www.KpiMining.com.