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Mining Economics with MATLAB

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Mining Economics with MATLAB



03 Dec 2012 (Updated )

Simulates a distribution of Net Present Values of a mine via a forecasting model for Iron Ore Prices

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View the "Mining Economics with MATLAB" webinar at:

Committing to the development of a new mine involves huge amounts of capital expenditure and long time frames. In order to make optimal decisions, it is crucial to understand the future economic potential of a mine, and associated risks. Traditional spread sheet solutions, that use “average values” or “simplistic distributions”, often mean inaccurate models of the risk/return profile.

In this example we will showcase how MATLAB® can be used to develop and formalise a process for more detailed modelling of the future economic cash flow of a mine, based on historical data and producing distributions of a range of possible economic outcomes.

This example will highlight how MATLAB can be used to perform:

Net Present Value distribution analysis of a mine

Modelling and simulation of future prices and interest rate paths

Risk Assessments based on distribution of economic outcomes.


Excel Version: demo_mining.xlsm
(View README for steps to setup)

MATLAB Version: NPV_Analysis.m

Required Products Database Toolbox
Econometrics Toolbox
Financial Toolbox
MATLAB Compiler
Optimization Toolbox
Statistics and Machine Learning Toolbox
MATLAB release MATLAB 8.0 (R2012b)
MATLAB Search Path
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Comments and Ratings (2)
30 May 2014 Sundar

Sundar (view profile)

05 May 2014 Maria

Maria (view profile)

20 Dec 2012 1.2

Included link for the webinar

01 May 2015 1.3

Changed the webinar link

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