Published in Mining Magazine: Mine optimization through digital twinning and techno-economic modeling

January 28, 2020

Facing negative yearly cash flows and major capital expenditure costs, a global diversified miner wanted to use technology to improve the situation

 

The need at the mine was was clear: without innovative approaches, the mine would have to close. The owner sought to understand and model the impacts new technologies would have on the operation.

Stantec was awarded the 2019 Service and Support award from Mining Magazine for this innovative project in which we used Techno-Economic modeling and digital twinning to turn a mine closure into a reinvestment.

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It has been a tumultuous 12 months in the EPC and EPCM space, with project and sector-wide exits, plus hand...