Abstract
In Consolidated Gold Fields Limited, a mining finance house, the major function of the long range planning group is to appraise projects for the expansion of present workings or the development of entirely new fields. All calculations must be based on a forecast world price for the metals involved and this in turn requires extremely complex analysis of supply and demand. There are often several hundred producers, all of varying sizes with different types and grades of deposit and with varying by-product and co-product ratios. For each of these products it is necessary to describe many end-uses in each of the world's main consuming areas. The author describes how computers are used to handle calculations with formitable amounts of data to simulate the operation of the entire industry from quarter to quarter in the future.
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