Linkage Projects - Grant ID: LP0348907

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/LP0348907

Funding Status
Closed

Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the .

Funded Activity Summary

Using Mathematics to Maximize the Value of Open-Pit Mines. Mineral resources are one of Australia's greatest assets. Their effective management will bring substantial long-term benefits to the Australian economy. Planning the exploitation of a mineral resource is a highly complex task. Current methods are approximate, and do not fully consider two critical issues: (1) ore mined at different times must be blended to achieve saleable product and (2) resource markets may not evolve as predicted. In this project we shall develop creative mathematical solutions to maximise the expected net present value of mines with far greater accuracy, taking into account blending and the uncertain nature of future demand.

Funded Activity Details

Start Date: 19-02-2004

End Date: 31-12-2006

Funding Scheme: Linkage Projects

Funding Amount: $110,277.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Stochastic Analysis And Modelling | Applied Mathematics | Operations Research | Mining Engineering

ANZSRC Socio-Economic Objective (SEO)

Coal |

Other Keywords

Applied Mathematics | Coal | Iron Ores (I.E. Ferrous Ores) | Mining Engineering | Operations Research | Stochastic Analysis And Modelling

Related Links