The processes of reforming the mining industry have reached the greatest acuteness in the northern regions. The situation in the Kirov-Apatit district is indicative, allowing us to study the most typical processes taking place in the mining industry during the transition period. The socio-economic situation in the region is largely determined by Apatit's operations, the results of which determine stable tax revenues, the preservation and creation of jobs, and support for the infrastructure of the region's towns and villages. A systematic approach to the socio-economic potential of Apatit is necessary to improve the efficiency of production and economic activities and the sustainability of Apatit. Due to the multifaceted nature of the company's operations, sustainable development requires the implementation of a comprehensive socio-economic development program for the company that takes into account the socio-economic interests of all participants of economic activity.