The article considers the problems associated with the quantitative and qualitative assessment of economic efficiency of innovations in the mining industry. The essence of the concept of "novelty" is disclosed in detail on the example of an operating ore-dressing machine. The change of key parameters of technological process, not directly related to "novelty", leads to the need to build a three-factor (two-factor) mathematical model.
The evaluation method of innovation of production of mining industry is offered in the work, which is based on the certain indicators. There are: depth, scale and radicality. When introducing this indicators of diversification of production can be substantiately determined, for example, the amount of investments which are necessary for realization of reconstruction and modernization of industry. The problem of production connecting the basic factors of technical maintenance of enterprises and the volume of production and geometry interpretation are looked upon in the essay.
