Mining Economics with MATLAB

Committing to the development of a new mine involves huge amounts of capital expenditure and long time frames. In order to make optimal decisions, it is crucial to understand the future economic potential of a mine, and associated risks. Traditional spread sheet solutions, that use “average values” or “simplistic distributions”, often mean inaccurate models of the risk/return profile.

In this webinar we will showcase how MATLAB® can be used to develop and formalise a process for more detailed modelling of the future economic cash flow of a mine, based on historical data and producing distributions of a range of possible economic outcomes.

This webinar will highlight how MATLAB can be used to perform:

• Net Present Value distribution analysis of a mine
• Modelling and simulation of future prices and interest rate paths
• Risk Assessments based on distribution of economic outcomes.

View the MATLAB code

About the presenter:
David Willingham is an application engineer in the MathWorks Australia office.