Iteco Develops Mathematical Model to Predict Ore Mining Losses
The new system is designed to calculate production losses when processing raw materials with uneven composition.
Iteco said it has completed development of a new mathematical model intended for use in the mining industry. The system is designed to estimate potential production losses when companies process heterogeneous raw materials.
The research findings have already been published by Springer Nature, one of the world’s largest scientific publishers, as well as in a journal issued by the Faculty of Computational Mathematics and Cybernetics at Lomonosov Moscow State University.
The model is built around an algorithm that calculates the relationship between incoming raw materials and final production output. It separates ore into two streams — useful material and associated byproducts — and determines the ratio between them using a concentration metric. The system then generates a detailed report for each individual production batch.
The model was tested using Magistral (multifunctional integration platform), an in-house platform developed by Iteco. According to the company, the experiment demonstrated the practical value of the research.
