MEDIA RELEASE - Brisbane, QLD - 25 September 2020
The award recognises projects completed through an innovation or new process which resulted in a significant time and/or cost-saving solution for the client.
By implementing its ORB solution, the optimised mine plans were shown to increase NPV by 35%. Furthermore, ORB was able to significantly improve productivity, condensing the time it takes to generate life-of-mine plans from weeks to just 12 hours.
QMA Judge Peter Kane said: “Applying cutting edge industrial mathematics to complex mine planning situations saves time and money, and Polymathian is now a major part of the intelligent mines of the future.”
Steven Donaldson, Partner and ORB Product Manager at Polymathian said: “We’re thrilled to have received this recognition and proud to be part of an industry which is at the forefront of innovation in mining. The future of ORB and the opportunities it presents for mines globally is exciting.”
Polymathian was also recognised as a finalist in the Greyhound Innovation (METS) Award for the application of its BOLT product which improved a client’s project margins by 10%, and decreased planning effort by at least ten times. BOLT solves problems across the value chain, considering all components and system impacts through industrial mathematics.
The 2020 Queensland Mining Awards were announced at a presentation dinner on Wednesday night.