CIM students cash in

2017-02-20


  


An increasing number of millennials are discovering the importance of industry associations and Ziad Saliba, McGill engineering student, is proud to be one of them.

The recent recipient of the MES-COSMO scholarship, Saliba’s CIM Student Membership garnered more than just financial support for school, it also revitalised his confidence in the mining industry by feeling recognized for his work – “a positive indicator of things to come career wise” he said.

Saliba first heard about the $3,000 scholarship through his project supervisor at the COSMO - Stochastic Mine Planning Laboratory (and CIM Distinguished Lecturer), Professor Roussos Dimitrakopoulos, who thought the student’s two-stage project on using geostatistical orebody simulations and a stochastic optimization framework to generate risk managing life-of-mine (LOM) plans for a mining complex seemed particularly applicable for the scholarship.

“The new scholarship provides financial support for mining engineering undergraduate students enrolled in Canadian universities, who have a focus on strategic mine planning optimization under uncertainty and related management of technical risk, based on modern digital technologies” said Dimitrakopoulos.

A new generation seems to be entering the industry just as the demand for innovation intensifies. “Investing in the mining engineers of tomorrow is something that we believe provides an excellent return, with respect to our collaborative efforts in knowledge mobilization and contributing to the paradigm shift taking place in the mining industry today” said Dimitrakopoulos.

The Management and Economics Society (MES) of CIM in collaboration with COSMO Mining Industry Consortium launched the MES-COSMO Scholarship in 2016. The scholarship is meant to not only support but encourage undergraduate students to focus on innovative and modern risk management and mine planning optimization strategies, based on advanced digital technologies. 

“It is very encouraging to see such support for research and innovation despite the challenging market conditions our industry has faced over the last several years. It reinforces my belief that the work we are doing here at the COSMO lab with respect to developing new tools and methodologies, as well as training the next generation of mining engineers, adds real value to the mining industry” said Saliba.

 

The COSMO Mining Industry Consortium (COSMO) consists of: AngloGold Ashanti Ltd., Barrick Gold Corp., BHP Billiton Ltd., De Beers Group of Companies, Kinross Gold Corp., Newmont Mining Corp., Vale SA and the COSMO Stochastic Mine Planning Laboratory at McGill University. The companies involved in the Consortium represent about 75% of global mining activities.