Data driven models are quick to develop, yet powerful for complex processes. SimWell, our Premier Partner in Canada, has put together this four part series which will explain what Data Driven Models are, why they are important, and how to begin making your own in Arena.
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.