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What is SOT?

SOT distinguishes itself as a specialized financial optimization tool designed specifically for both surface and underground mining activities, significantly boosting productivity and profitability by optimizing the Net Present Value (NPV) of mining schedules. This sophisticated scheduling solution utilizes an evolutionary search algorithm to generate enhanced schedules focused on maximizing resource NPV. Tailored for scenario analysis and strategic evaluations, SOT provides mine planners with the capability to examine different strategies and select alternative schedules that enhance NPV. By implementing an NPV-optimized schedule, mining operations can extract increased value from their resources, thereby minimizing risk and expediting the payback period. The system integrates custom heuristics with the evolutionary algorithm to further improve NPV results. It empowers users to reveal robust, high-value schedules that greatly impact strategic mine planning, while also facilitating optimization across a range of metrics, including ore feed goals and profitability indices. Furthermore, SOT not only enhances operational efficiency but also ensures that stakeholders are equipped with the critical insights necessary for making strategic decisions that foster sustained success in the mining sector. This ability to adapt and optimize positions SOT as an invaluable asset for future-oriented mining enterprises.

What is Maptek Vestrex?

Improving strategic decision-making through automation and orchestration entails establishing significant connections among various data sources, regardless of their type, application, process, or format. With a legacy of over 40 years, Maptek has pioneered the development of cutting-edge hardware and software solutions, now focusing on the integration of these advancements into harmonious inter-process workflows within the mining value chain. The Maptek Vestrex platform acts as a holistic ecosystem for automation and orchestration, adeptly bringing together diverse data sources, mining workflows, and system outputs within a centralized hub. This methodology guarantees secure access to data and effective management from a singular platform, while promoting smooth data interchange between cloud-based and desktop environments. By facilitating these connections without restrictions related to product, application, process, or format, the availability of technical data in the cloud enhances collaboration among various stakeholders across multiple mining roles, teams, and organizations. Furthermore, this interconnected approach not only optimizes operations but also significantly increases the value extracted from mining data, broadening its influence far beyond traditional uses. Additionally, the continuous evolution of such platforms will likely pave the way for more innovative solutions in the mining industry.

Media

Media

Integrations Supported

Integrations Supported

Maptek DomainMCF

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

Windows

Supported Platforms

Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

RPMGlobal

Company Location

Australia

Company Website

rpmglobal.com/product/sot/

Company Facts

Organization Name

Maptek

Date Founded

1981

Company Location

United States

Company Website

www.maptek.com/products/vestrex/

Categories and Features

Mining

Not specified

Categories and Features

Geology and Seismic

Not specified

Mining

Not specified

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