Canadian Research Contributes Step Change to World Mining

2016-10-10

Ground-breaking developments in risk managing optimization technologies for mining operations around the world are the results of several years of research at the COSMO - Stochastic Mine Planning Laboratory of McGill University. These new technologies shift well-established mine planning paradigms to substantially increase gains for mining companies through risk management, while contributing to sustainable development by improving utilization of non-renewable resources.

These technologies simultaneously optimize when and which materials to extract from mines; how to blend and/or stockpile these materials, and transport them; how to utilize available processing streams; how to manage capital investments; and how to sequence rehabilitation.

They have been tested in several case studies at different mining complexes and on various commodities, including gold, copper, nickel laterites, and iron ore as well as diamond mining.

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