HEURISTIC OPTIMIZATION OF SCHEDULING SCENARIOS FOR ACHIEVING STRATEGIC MINE PLANNING TARGETS

World Mining Congress
An optimization process is described that can be systematically applied by mine planners to produce life-of-mine schedules aligned with their strategic targets, while maximizing the net present value of the mining operation. The software tool employed uses heuristics and an evolutionary algorithm to generate life-of-mine schedules of production and development activities. Generating such schedules is typically a very difficult task due to the large number of operational constraints that must be respected, and the vast number of alternative schedules; as a result the value of the mining operation can be compromised. With an expansion at Newmont’s Leeville mine in Nevada, the mine planners were given the task of producing feasible life-of-mine schedules with significantly increased production rates. Their initial efforts indicated that it would be a considerable challenge to generate such schedules in a timely manner. By systematically applying the proposed optimization process, the mine planners were able to generate optimized life-of-mine schedules with the desired production rate.
Keywords: Mine; Mines; mineral; minerals; Algorithm; Algorithms; optimization;
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