BLASTING: iRing introduces more accurate costing models

NORTH BAY, Ont. – iRing, a global leader in underground mining solutions, announces the release of its new scenario-based costing module, which […]

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NORTH BAY, Ont. – iRing, a global leader in underground mining solutions, announces the release of its new scenario-based costing module, which enables mine planning engineers to more accurately cost out an entire blast, from the products used to the associated drilling costs. The new module is an extension of iRing’s award-winning Aegis Analyzer toolset, which organizes mining costs into spreadsheet-style cost models. Unlike traditional costing approaches where costs are fixed to one item, Aegis allows users to create multiple models, linking different cost rules to identical products. The revolutionary toolset can track costs over time, compare against historical costs, and set up cost rules per hole, per ring, per stope or per length drilled basis. Through the costing module, users can now set up models to perform cost comparisons between products that affect the operations differently. For example, comparing a current explosive type to a new, more energetic explosive which will allow a mine to enlarge blasting pattern. Users can also change a drilling pattern in Aegis and apply the appropriate cost model to effectively compare the cost differences between different explosive products. Other uses include comparing different drill types, drill patterns and mining methods. The scenario-based costing module is integrated into Aegis’ superb reporting infrastructure as an extensive series of flexible tables that can be incorporated into sophisticated reports capturing all aspects of the cost model. Visit www.iRing.ca to learn how this new blasting module can save money at your mine. Blast consulting is also available.

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