COSMO — Stochastic Mine Planning Laboratory

Agnico Eagle has joined McGill University’s COSMO Stochastic Mine Planning Laboratory as a new industry partner for a five-year term.

The Canadian mining company, with operations in Canada, Australia, Finland, and Mexico, is the eighth member of COSMO’s international mining industry consortium, which accounts for approximately 75% of the world’s mining activities and comprises: Anglo American, AngloGold Ashanti, BHP, IAMGOLD, Kinross, Newmont, and Vale.

This partnership will enable Agnico Eagle and the COSMO Laboratory to engage regularly in collaborative research initiatives that seek to simultaneously optimize industrial mining complexes / mineral value supply chains through stochastic approaches that manage supply and demand uncertainties. Further collaborations entail the development of new stochastic technologies for intelligent, self-learning operating mining complexes.

Agnico Eagle will also be represented in COSMO’s board of directors, and its professionals will have access to various knowledge mobilization activities, such as COSMO’s bi-annual Technical Days, research reports, and so on.

“We are delighted to welcome Agnico Eagle as COSMO’s newest industry partner, which will allow us to strengthen our research collaborations and broaden our knowledge mobilization with this leading Canadian mining company.  We look forward to working with Agnico Eagle,” says Professor Roussos Dimitrakopoulos, Director of the COSMO Stochastic Mine Planning Laboratory, McGill University.