MONTREAL, Jan. 31, 2023 /CNW Telbec/ – KPI-COSMO Stochastic Mining Optimizer is a game-changing answer representing a paradigm shift in mine planning, that can generate substantial worth for the mining ecosystem.

We’re thrilled to announce a strategic partnership with McGill College’s famend COSMO Stochastic Mine Planning Laboratory, and a world consortium of mining companies composed of AngloGold Ashanti, Anglo American De Beers, BHP, IAMGOLD, Kinross Gold, Newmont, and Vale.

Roussos Dimitrakopoulos, Director of the McGill COSMO Stochastic Mine Planning Laboratory states, “After a meticulous qualification process, McGill and the consortium of mining companies selected KPI Mining Solutions to develop and globally commercialize KPI-COSMO due to their outstanding expertise in artificial intelligence, optimization and software development.

Benny Cohen, President of KPI Mining Solutions adds, “Our imaginative and prescient is to proceed creating software options specializing in all mining manufacturing planning horizons, together with long-term, medium-term, and short-term operational planning for each open pit and underground mining. Our underlying applied sciences are targeted on stochastic orebody modeling and stochastic optimization. We ship built-in simultaneous (mines to merchandise to markets) AI + OR optimization fashions, dealing with a number of uncertainties. We’re excited to collaborate with McGill Cosmo and the consortium to deliver innovation to the mining trade.”

About KPI Mining Solutions

KPI Mining Solutions provides significant value to the mining industry through cutting-edge software and services. We bring innovative stochastic solutions to the mining industry, transforming their entire operation. Our parent company, KPI Digital is a business and technology consulting firm focused on transformation, and innovation. Their strength comes from 20 plus years of experience in data and analytics, AI, digital experience and enterprise performance management. They partner with leading technology companies including Microsoft, IBM, AWS and Google.

McGill COSMO Stochastic Mine Planning Laboratory

COSMO is world renowned as one of top mining engineering research laboratories. It is directed by Roussos Dimitrakopoulos, McGill professor and Canada Research Chair (Tier I). COSMO is a collaborative mining engineering laboratory dedicated to the advancement of knowledge through research and development of new, risk managing, stochastic optimization and orebody modelling frameworks for mine planning and production scheduling of mining complexes, which create value across the entire mining-minerals production chain. Find out more here. For over 200 years, McGill University has become one of Canada’s and the world’s leading institutions, due to the excellence of its teaching and research programs. McGill’s Department of Mining Engineering’s undergraduate and graduate courses, and research programs are ranked in the top-five best mining programs in the world. Find out more here.

About the COSMO Consortium of Mining Companies

COSMO is funded by its consortium of mining companies, composed by some of the world’s leading mining companies, including AngloGold Ashanti, Anglo American/De Beers, BHP, IAMGOLD, Kinross, Newmont, and Vale. Together, they represent some of the world’s largest mining organizations and generated 175B USD in global revenue in 2021 with a market cap of approximately340B USD. Find out more here.

To learn more about KPI Mining Solutions visit www.kpimining.com

SOURCE KPI Mining Solutions

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The Obsessed Guy
Hi, I'm The Obsessed Guy and I am passionate about artificial intelligence. I have spent years studying and working in the field, and I am fascinated by the potential of machine learning, deep learning, and natural language processing. I love exploring how these technologies are being used to solve real-world problems and am always eager to learn more. In my spare time, you can find me tinkering with neural networks and reading about the latest AI research.

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