A High Level Dynamic Analysis Tool to Study the Impact of Surge Capacity/Stockpile Sizing Early Stage of the Iron Ore Projects

Abstract

In the early stage of front end studies of an Iron Ore Project, the sizing of surge capacities and stockpiles are normally assumed based on the experience of the study team. Understanding and sizing of these capacities at the early stages of the project are important for future stages of the project as drastic changes in sizes will impact the economics of the project at that stage. An innovative user configurable high level dynamic modeling tool has been developed to assist in speedy evaluation of assumptions made by the study team. This model incorporates systems or facilities that are commonly used iron ore project from mine to port. This model includes subsystems that will simulate all the logistical components, major process plant systems required for an Iron ore project. The output data provided by this high level dynamic simulation tool will enhance the confidence level of engineering carried out during the early stage of the project. This paper discusses the innovative tool capabilities and a test case comparing various techniques used in iron ore project front end studies.