Linkage Projects - Grant ID: LP0561744

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/LP0561744

Funding Status
Closed

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Funded Activity Summary

A Mathematical Approach to Flexible Management of Open Pit Mines with Uncertain Geology and Unpredictable Demand. This project will create new mathematical algorithms to flexibly manage open pit mining projects. The development of strategic plans for mining operations is a highly complex task, based on incomplete geological information and uncertain future commodity demand. The smart mathematics we create will allow Australia to capitalise on upturns in international demand, while limiting unavoidable negative outcomes, by flexibly adjusting the mining operation to prevailing geological and economic conditions. Australia's mineral exports are worth over $50b annually to the Australian economy. Our techniques will better manage Australia's mining projects and capture new, emerging markets, significantly impacting on Australia's balance of trade.

Funded Activity Details

Start Date: 01-07-2005

End Date: 31-12-2009

Funding Scheme: Linkage Projects

Funding Amount: $220,000.00

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)

Other Keywords

Applied Mathematics | Iron Ores (I.E. Ferrous Ores) | Mining Engineering | Operations Research | Other Non-Ferrous Ores (E.G. Copper, Zinc) | Other Non-Metallic Minerals (Incl. Diamonds) | Stochastic Analysis And Modelling

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