Production forecasting for mining operations with simulation: A case study with SIMEC

Effectively managing the delivery of ore through the “pit-to-port operations” from the mining pit, through the plant, to the port where it is loaded onto a ship, is a difficult task. This paper discusses how SIMEC Iron Ore Mining Division started the transition of their pit to port operations using planning supported by a production forecasting model.

This paper discusses how SIMEC Iron Ore Mining Division started the transition of their pit to port operations from a pull to a push model using planning supported by a production forecasting model. In this case, the production forecast allowed the timing and quality of the product to provide insight used by the marketing team. The mining and operations team then reused the model to evaluate the impact of different plant feed schedules. As a result, the operation avoided compromises of chasing shipment grades, which resulted in a reduction in penalties and maximised value.

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