A mine and its associated ore processing plant are typical environments where simulation provides important benefits. Simulation is used in these plants to address many important business considerations:
Every mine has an extraction plan, and the simulation will be more precise considering it. Basically, the plan has information regarding the material available on each extraction point, and the sequence it will be extracted.
The mining of minerals and coal have been cyclic industries for over a century with global periods of boom and bust following each other. In the last decade, or so, the emergence of China and India’s economies and the related expansion of heavy industry produced unprecedented demand for iron ore, coal and copper. In this environment Australia, Brazil and other countries to a smaller extent undertook to expand their capacity to export product to service this growing demand.