Presentation/Analysis Tools for MineSight® Economic Planner

Presentation/Analysis Tools for

Mining Software
MineSight® Economic Planner
MSOPIT and MSVALP are the two main component programs of MineSight® Economic
Planner (EP) used for pit optimization and preliminary production scheduling.
MSOPIT generates pit shells using Lerchs-Grossmann or Floating Cone algorithms.
Displaying MSOPIT results
Result from MSOPIT can be displayed in three forms:
1. 3-D Model Views of Gridded Surface Files (GSF)
2. Grade Shells of 3-D Block model
3. Summary Tables

1. Model Views of Gridded Surface Files

MSOPIT outputs resulting shells from pit optimization into Gridded Surface Files,
which can be displayed in MineSight® 3-D using 3-D model views.
Resulting shells can be stored in the GSF file (items PIT01 to PIT50), which can be
selected in the corresponding panel, after applying a Design Strategy (Base, MULTP, or
Bottoms) see Fig. 1 and Fig. 2.

Fig. 1 Design Strategy Panel

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Mining Software

Results will be stored in

GSF items PIT31-PIT50

Fig. 2 Selecting the Items where the resulting Shell will be stored
Once MSOPIT has executed successfully, we can create model views to display the
results. When creating a new model view using a GSF, MineSight® will give us the option to
create multiple model views (Fig. 3), which in some instances might be a good choice.

Fig. 3 Creating Multiple Model Views of GSFs

Once the model views are created, the user can customize the colors, line types, etc for
each individual pit as shown in Fig. 4 on the next page.
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Mining Software

Fig. 4 GSF Model Views displaying MSOPIT Resulting Shells

2. Grade Shells of 3-D Block model

Another format for displaying the results is with grade shells that can be created using
3-D model views of the Block model
MSOPIT has the option to store items such as Destination by economics, Net$ per block,
or the Value per Ton ($/ton)
The destination is based on break even costs using the parameters defined in the Define
Economic Parameters for Destinations. Fig. 5 shows the set up for a multi-process project
which has two processes, overburden material and waste

24th Fig. 5 Multi-process setup (KONG project)

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The calculations of this matrix can be stored back in the 3-D Block Model by selecting the
Mintec appropriate item in the Output Instructions panel (Fig. 6)
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Mining Software

Fig. 6 Storing calculations back into the Block Model

The resulting Model views are shown below

Fig. 7 Material by Destination

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3. Summary Tables
Similarly to other MineSight® Compass™ programs, MSOPIT outputs a
standard report where the user can analyze the results in more detail. In the
standard report, the user will find among other information, a summary of the
Mining Software resources, or if the user has opted to utilize the Resource Option in the Design
Strategy panel, msopit will output a summary of the Reserves by Material
Destination.
Table 1. Summary by Material and Destination

MSVALP performs a net present value (NPV) analysis of a set of pit shells generated
using MSOPIT and reports a Preliminary Production Schedule using a cutoff grade
optimization methodology.
Displaying MSVALP results
Using a series of pit shells obtained with any Pit Optimization method, MSVALP makes
several schedules and they are summarized in one form or another. The schedules made
by MSVALP are: (1) A Base Case, (2) a Series of Constant Cutoffs, and (3) An Optimized
schedule using cut-off grade optimization techniques and NPV analysis. The Optimized
Schedule called ‘BEST’ is further summarized in several tables contained in the different
output files such as the SUM, SCH, RES, or the DET files. Also, there are calculated items
which can be stored back into the block model (Process, Pushback, and Period).
The results mentioned above could be analyzed by:
1. Displaying MSVALP Results in MineSight®
2. Displaying MSVALP Results as Charts (MineSight® EP-c)
1. Displaying MSVALP Results in MineSight®
Making grade shells of the Item Pushback - In the screen capture on the next page,
Production Periods 1 – 10 are displayed. The shells were obtained from a model view using
the item containing the pre-scheduled periods

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Similarly, the user can make grade shells of the material destination or the Phase/
pushback where the material is coming from for each period. In the picture below we can
see the period grade shells (1-17) combined with the material that was sent to PROC2 (mill).

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2. Displaying MSVALP Results with Charts Using MineSight® EP-c

MineSight® EP Charting Tool (EP-c) will help the user analyze the results of
MSVALP. MineSight® EP-c plots charts for the SUM and the SCH files, which are
created after a successful run.
Mining Software

The Summary File (SUM.xxx)

The summary file contains a period-by-period summary of the life-of-mine schedules for:
(1) the Base Case, (2) the series of Constant Cutoff cases, and (3) the Optimized Schedule
also known as the ‘Best’ Case
The items that are presented by period in this file are:
Life
Period
Profit
Add-Mining Cost
Capital
Cashflow
Present Value
Cum Present Value
Total Tons mined
Mining Capacity
Waste mined including adjustment
Waste stripping adjusted
Ore tons processed
Total Recovered Metal
mill Mined Tons
mill Processed tons
mill Metal Grade Content (i.e. cu, mo)
mill From Mine Cutoff ($/ton cutoff)
mill From STP Cutoff
mill From STP Tons
mill To STP Tons
mill Metal Content To STP (i.e. cu, mo)
mill Metal Content From STP (i.e. cu, mo)
waste Mined Tons
waste Tons + Stp
waste Metal Content (i.e. cu, mo)
waste From Mine Cutoff ($/ton cutoff)
waste From STP Cutoff ($/ton cutoff)
waste From STP Tons
waste To STP Tons
waste Metal Content To STP (i.e. cu, mo)
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waste Metal Content From STP (i.e. cu, mo)
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An example of a plot using MineSight® EP-c is shown below:

Mining Software

In the picture above we are comparing the three cases: (1) Optimized Case, (2) Base Case
and (3) Constant Cutoff Case. There is an initial 3yr pre-production period where material is
stockpiled. For the Best Case we can see that there is low grade material being stockpiled in
periods 4-8. The results are summarized below:

Case LOM (Yr) Mill Mined TONS Cumm PV ($)

1 17 646,070,118 $1,648,850,688

2 19 646,070,134 $1,542,278,016

3 17 646,070,122 $1,570,995,968

The Schedule File (SCH.xxx)

The schedule file lists detailed audit-type information for the results of the cut-off grade
optimization analysis on each Reserve Record. It shows which Reserve Records are sent to
different destination during cut-off grade optimization and when they are reclaimed and
processed in the future (if stockpiled). Various economic values used during the cut-off
grade optimization for each Reserve Record are also listed in this file.
The Items that are summarized in this file are:
Rec# Reserve Record Number (same as in RES output file)
Pit Pit Number
IZ Level Number
Ireas Debug Code for programmer
Mcode Class Code (optional)
Ibin cut-off bin number 24th
Tons Tonnage Annual
Ptime Processing time for Ore Processes (Includes processing time for stockpiled Mintec
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Opr Ore Process number
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Pvalue $ value at time of Ore processing (Note: for stockpiled mat’l

{Stp = 1; n =2} Pvalue = Ovalue + MineC - STPcost)
Wtime mining time for Waste and stockpiled materials only (Note:for
other mat’ls mining time = 0 because it is same as processing
Mining Software
time)
WPr Waste Destination Number (Note: Stockpile destinations for
mining are waste destinations)
Wvalue mining cost for waste or stockpiled material
Mat Material code
Dest Best Destination Code (same as in pre-scheduling RES output
file)
Bvalue Best $ Value from Best Dest.(same as in pre-scheduling RES
output file)
MineC Mining Cost for stockpiled materials only
STPcost Stockpile reclaiming cost
Stp stockpile flag (0 = not stockpiled; 1 = stockpiled)
N stockpile Flag ( 1 = not stockpiled; 2 = stockpiled)
Grades grades of material in the reserve record (same as in RES
output file)
The Schedule File summarizes results only for the Best Case and these results can be
plotted in MineSight® EP-c by Periods (12, 6, 3, 1, 1/2, 1/3 months) or by PIT Number. The
items ready for plotting are:
Grade
Net Present Value
Net Value
Ovalue
Pvalue
Tons
Tons Sent to Mill
Tons Sent to Waste
VALT1
Value Sent to Mill
Value Sent to Waste
Wvalue

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Presentation/Analysis Tools for MineSight® Economic Planner

Mining Software

MineSight® EP-c is a tool that allows the user to quickly display the SUM and SCH files. 24th
Additonal MSVALP output files provide useful information similar to what is contained in Annual
these two files. Mintec encourages the user to become familiar with the standard report and Mintec
the DET file as well. Mintec is currently developing a Reserve Reporting Tool that will help Seminar
with analyzing the RES file.

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