Tag Archives: mining finance

Minemax bridges the strategic mine planning and metallurgy divide

IoT, Mining services, Mining software, , , , ,

Minemax has released Minemax Scheduler 7.0.1 to, it says, help strategic mine planners model mineral processing more accurately.

“Mining companies have had an ongoing need to integrate strategic mine planning with other parts of the business to create realistic high-value mine plans,” the company says. “Recently, Minemax has introduced Minemax Scheduler 7 with Financial Constraints that brings mine planning and finance together into one single platform.”

Scheduler version 7.0.1 is taking another leap forward by addressing the gap between strategic mine planning and metallurgy, Minemax says.

In metal production, the throughput and metal recovery of a processing plant is dependent upon the blend of rock types and grades. Up until now, it has been difficult, if not impossible, to model this with strategic mine planning tools, Minemax says. With Minemax Scheduler 7.0.1, mine planners are now able to model this relationship more accurately, and therefore, develop more reliable strategic mine plans, according to the company.

In addition, Minemax Scheduler 7.0.1 features new Capex functionality that allows mine planners to easily model specific requirements for capital expenditure decisions.

“Firstly, mine planners can now easily determine the optimal time to start a new mining area, associated with capital expenditure such as ground works, infrastructure or road development,” the company said. “This is now modelled in software explicitly in the ‘capital expenditure’ menu without any tedious workaround required. With this framework, it’s just a matter of adding new capital expenditure options and selecting the pit or pits associated with the mining expansion.

“The same steps can be used for starting new dumps. Once the capex set up is done, Minemax Scheduler simultaneously optimises mine schedules with multiple capex decisions to find the optimal solution.”

Secondly, there is often a limit on the number of new trucks purchased per period due to delivery and installation restrictions. Minemax Scheduler 7.0.1 allows mine planners to specify the maximum number of capex instances per period. This is a new addition to the existing Capex functionality, restricting the total number of instances for the entire schedule, the company says.

All maintained and subscribed users can now download Minemax Scheduler 7.0.1 through the Minemax Software Manager and benefit from these new enhancements, the company says.

Mining Peru Congress organisers preparing the red carpet

Mining equipment, Mining events, Mining finance, Mining services, , , ,

The Mining Peru Congress is now less than three months away and the organisers are ready to welcome more than 300 attendees from key mining enterprises, regulatory authorities, government, technology and equipment suppliers, and investors.

Taking place on April 1-2, in Lima, Peru, Vostock Capital, the organisers, describe the event as a “strategic congress and exhibition for the leaders of the mining industry”.

Vostock says the conference highlights include:

  • New concessions and projects: learn about the conditions for individuals or corporations to acquire mining concessions during the next public tender process;
  • Technology, safety and productivity: learn how innovative technologies in exploration and mine development are helping mining companies increase their productivity;
  • Funding and investments: cooperating with local and international banks and financial institutions, private investors, project financing. How to gain the most favourable lending conditions and how to ensure a quick return of investments;
  • Beyond licensing: the benefits of mining in a socially and environmentally responsible manner;
  • Where’s Peru heading? Obtain the most up to date insights into key projects and opportunities;
  • Dedicated exhibition of cutting-edge equipment and technologies for the mining industry delivered by local and global leaders from around the world;
  • One-to-one business meetings and networking opportunities: talk to key decision makers, develop new business contacts, take part in networking round tables, cocktail reception and interactive discussions.

To find out more about the event, go to: https://mininglatamcongress.com/

International Mining is a media partner of the Mining Peru Congress