Development profitability classification of mineral deposits for mining industry

DOI

10.2991/sicni-18.2019.46How to use a DOI?

Keywords

mining industry; legal regulation; mineral recources; profitability; classification; deposit; estimation; financial and legal arrangements

Abstract

Mining industry is a basis for the sustainable economy development of any country. The state mineral resources sufficiency often plays a major role in geopolitics. A development of mineral deposits is inherently associated with a number of risks starting with a non-confirmation of geological research data to price shifts in the global mineral recources markets. Investors, who take this risks also has to deal with not enough justified prices on deposit development licenses, determind by the state government. The presented research is devoted to the development of universal classification of deposits according to a presumed profitability of their development, with an aim of differentiating prices for subsoil use licenses, which is proposed as a mechanism of legal and economic regulation between the state as the owner of subsurface resources and regional subsoil users.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sergey Reshetnyak
AU  - Darya Vedrova
PY  - 2019/01
DA  - 2019/01
TI  - Development profitability classification of mineral deposits for mining industry
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 227
EP  - 231
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.46
DO  - 10.2991/sicni-18.2019.46
ID  - Reshetnyak2019/01
ER  -