Optimizing Medium - Term Operational Plans for a Group of Copper Mines

- Organization:
- The Southern African Institute of Mining and Metallurgy
- Pages:
- 6
- File Size:
- 580 KB
- Publication Date:
Abstract
Since 1964, Nchanga Consolidated Copper Mines, Ltd., has been developing and using production scheduling methods for optimizing its metallurgical operations in the short term (up to one year). Medium-range metallurgical planning has been possible only by successive evaluations of a single-year LP. A modified version of Rosenbrock's direct search technique has now been developed to allow multi-year optimization of both mining and metallurgy for medium-range planning. The modifications to the search technique have produced a marked increase in computational efficiency for this heavily constrained problem in many variables and the system is a usable planning tool, given a reasonably powerful computer. The plans are 'optimum' in the sense that they yield the maximum present value of the operations. Each of the resulting five-yearly mine plans forms the basis for further detailed metallurgical evaluation by the established production scheduling system.
Citation
APA:
Optimizing Medium - Term Operational Plans for a Group of Copper MinesMLA: Optimizing Medium - Term Operational Plans for a Group of Copper Mines. The Southern African Institute of Mining and Metallurgy,