There has been continuous development going over the past 40 years related to the creation of models and simulation techniques to predict the behaviour of equipment and processes in minerals processing. At the same time, application of optimization theory into such modelling and simulation schemes has been applied to generate knowledge to improved performances of the equipment and processes. Different optimization techniques have been applied to design and configure different equipment and processes, yet there are no well-established formulations to reproduce the results. The research is scattered and focused on the need and application of the specific equipment or process not utilizing the optimization’s full potential. The aim of this paper is to highlight the trends in development of optimization schemes in minerals processing. By understanding the state of the art in application of optimization theory into mineral processing will further pave the possibility to develop utility in this field. The paper presents two classification schemes: State of Development Stage and State of Application Area as a basis to classify research within optimization related to mineral processing. In order to make smart and strategic decisions in minerals processing operations, it is required to further develop optimization techniques into modelling and simulation schemes to extract the relevant information. The classification schemes can be useful in defining the future focus area for research and development.