Technology can rescue more stranded projects, says Imvelo’s Bye


Richard Roberts

Top image :
Imvelo managing director Alan Bye addresses the AusIMM Iron Ore Conference in Perth, Western Australia
‘The capital investments are not happening in the industry to support the growth’

The use of advanced simulation methods and tools is critical to proper assessment of the impact of new technologies on project economics and possible injection of more stranded mineral deposits into lopsided global supply and demand equations, Imvelo managing director Alan Bye said at the 2023 AusIMM Iron Ore Conference in Perth, Western Australia.

Bye suggested in a keynote address standard project study processes were taking too long and too many projects were potentially being eliminated prematurely by conventional net present value, or NPV, centric study cycles.

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