K-MINE Module

Pit Optimizer

  • for mining engineers and experts in strategic planning.
  • for other professionals responsible for strategic planning of mining operations.
Pit Optimizer 1

Optimal Final Boundary in No Time

Identify the most profitable blocks out of the total set of blocks and create as many envelopes as you need, based on the price adjustment factor and a host of other parameters. The module is based on the advanced Pseudo Flow algorithm, which, in its turn, is rooted in the Lerchs-Grossmann concept.

On the basis of experience and with the help of built-in tools, the K-MINE user can find the optimal final boundary in no time.

Pit Optimizer 2

Data Visualization at Any Stage

With the K-MINE Pit Optimizer module, you can visualize data at any stage of a pit optimization project. Visualization provides a more detailed insight into the aspects of interest.

Since the Pit Optimizer module is part of the K-MINE environment, you can also visualize some additional data you need, using standard functionality.

Pit Optimizer 3

Data Analisation Using Graph View

The Pit Optimizer module offers several options to analyze the data from a successful pit optimization project. The most illustrative analysis method, which is accessible by default, is an embedded graph. You can customize the graph view settings using the standard table functionality.

Resultant surfaces, block sets, and detailed tabular data, which can be exported to word processors, are an integral part of the data analysis.

Pit Optimizer 4

Wireframes + Tabular Information

Surfaces/wireframes are the key deliverables of the K-MINE Pit Optimizer module.

By comparing them, you can determine the development potential of the deposit under various conditions.

In addition, you get access to comprehensive tabular information on rock quality and quantity and the cost components of the pit optimization process.

Scheduling

In the Scheduling section of the K-MINE Pit Optimizer module, you can create a mining schedule and compare it with several versions the program will generate automatically using the available data. The desired version should be in between the best and worst scenarios, gravitating toward the best scenario.

The scheduling results are presented similarly to the optimal boundaries as surfaces/wireframes and detailed tabular data.

Formulas View

The input data is handled by the K-MINE Pit Optimizer module in diverse ways, which makes it possible to take into account numerous aspects and nuances of the production cycle at all stages. A multitude of parameters can be presented as formulas showing the relationships between them.

The resultant angles of the final pit boundary can be set by several methods, which describes the features of the deposit in detail and allows you to make the most accurate constructions.

Sensitivity Analysis

The Pit Optimizer module was developed as part of the K-MINE software and is constantly being improved with the primary aim to find ways to add more value. Sensitivity analysis is an important strategic planning process. The Pit Optimizer functionality meets this challenge.

With several iterations of a final boundary project under different conditions, you can identify the impact of the parameters on the final pit size.

Discounted Cash Flow Analysis

Using the iteration method in the K-MINE Pit Optimizer module, you can determine the optimal values of the parameters that will lead to the most desirable outcome for your company. Discounted cash flow analysis is available for both pit optimization and scheduling.

Pit Optimizer 5

Frequently asked questions

What kind of licenses does K-MINE provide and how much are they?

K-MINE provides two types of licenses monthly or annual subscriptions and perpetual licenses. Please contact the K-MINE team to learn each module’s price.

How can the information be transferred from one module to another?

K-MINE is one stand-alone application with a single database, so no data transfer is necessary.  Different teams can have access to data according to their user rights.

Is K-MINE a cloud-based software?

No, K-MINE is a desktop application, however, upon request, our team can install access on the Windows server where we can set up a cloud infrastructure.