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Date submitted2024-03-18
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Date accepted2024-11-07
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Date published2025-01-14
Public-private partnership in the mineral resources sector of Russia: how to implement the classical model?
A comparative financial and economic analysis is conducted of different public-private partnership (PPP) models for industrial infrastructure construction projects in an underdeveloped resource-rich region. The Stackelberg game theory-based model is used to build a parametrized family of bilevel mathematical programming models that describe an entire spectrum of partnership schemes. This approach enables a comparison of different strategies for the distribution of infrastructure investments between the government and the subsoil user and hence a scenario of transformation of Russia’s current PPP scheme into the classical partnership model, which is practiced in developed economies. To this end, a database is created on fifty polymetallic deposits in Transbaikalia, and a comparative analysis is conducted of Stackelberg-equilibrium development programs that implement different PPP models. The numerical experiment results show the classical PPP model to be most effective in the case of a budget deficit. The analysis helps assess the economic consequences of a gradual transformation of the partnership institution in industrial infrastructure construction from investor support in the Russian model to government support in the classical scheme. Intermediate partnership models, which act as a transitional institution, help reduce the budget burden. These models can be implemented by clustering the deposits, developing subsoil user consortia, and practicing shared construction of necessary transport and energy infrastructure. The intensification of horizontal connections between subsoil users creates favorable conditions for additional effects from the consolidation of resources and can serve as a foundation for a practical partnership scheme within the framework of the classical model.
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Date submitted2023-11-15
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Date accepted2024-09-24
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Date published2024-12-25
Development and validation of an approach to the environmental and economic assessment of decarbonization projects in the oil and gas sector
- Authors:
- Nadezhda A. Sheveleva
This article addresses the problem of selecting a priority decarbonization project for an oil and gas company aiming to reduce greenhouse gas emissions. The wide range of decarbonization options and assessment methods prompted the development of a comprehensive ranking system for project selection. This system incorporates both internal and external factors of project implementation, a two-stage algorithm that filters out unsuitable projects taking into account sustainable development goals, and a quantitative evaluation approach using absolute and relative indicators. The proposed system evaluates decarbonization projects by considering not only the reduction of emissions in both absolute and relative terms, but also the broader environmental, social, and economic aspects relevant to the oil and gas company and the national economy. It includes a ranking mechanism for identifying priority projects and integrates carbon regulation incentives and green taxonomy tools into the economic assessment for more precise comparative analysis. The quantitative assessment in absolute terms involves a specialized net present value calculation, which accounts for revenue from both carbon credit sales and the potential sale of new low-carbon products, if applicable. The proposed assessment provides for targeted analysis of specific performance indicators, such as the cost per unit of emissions reduced, tax and social security contributions per unit of emissions reduced, energy efficiency improvements, and other indicators used for additional assessments of projects under otherwise equal conditions.
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Date submitted2024-04-08
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Date accepted2024-06-13
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Date published2024-12-25
Analysing the problems of reproducing the mineral resource base of scarce strategic minerals
The results of studying the scarcity of strategic minerals in the Russian Federation are presented, domestic consumption of which is largely provided by forced imports and/or stored reserves. Relevance of the work is due to aggravation of the geopolitical situation and a growing necessity to meet the demand of national economy for raw materials from own sources. Analysis of the state of mineral resource base of scarce minerals in the Russian Federation was accomplished, problems were identified and prospects for its development were outlined taking into account the domestic demand for scarce minerals, their application areas and the main consumers. Reducing the deficit through the import of foreign raw materials and the development of foreign deposits does not ensure the reproduction of the domestic mineral resource base, independence of the country from imported raw materials as well as additional competitive advantages, economic stability and security. It was ascertained that a major factor holding back the development of the mineral resource base is insufficient implementation of new technological solutions for the use of low-quality ore. Improving the technologies in the industry is relevant for all types of scarce minerals to solve the problem of reproducing their resource base. Taking into account the prospects for the development of the resource base for the minerals under consideration (manganese, uranium, chromium, fluorspar, zirconium, titanium, graphite) requires a set of legal and economic measures aimed at increasing the investment attractiveness of geological exploration for subsoil users at their own expense without attracting public funding. The proposed measures, taking into account the analysis of positive experience of foreign countries, include the development of junior businesses with expansion of the “declarative” principle, the venture capital market, various tax incentives, preferential loans as well as conditions for the development of infrastructure in remote regions. The proposed solution to the problem of scarcity of strategic minerals will make it possible in future to present measures to eliminate the scarcity of certain types of strategic minerals taking into account their specificity.
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Date submitted2022-04-07
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Date accepted2023-04-21
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Date published2023-08-28
Development of a new assessment system for the applicability of digital projects in the oil and gas sector
Digital transformation is one of the global trends that has covered most sectors of the economy and industry. For oil and gas companies, the introduction of digital technologies has become not just a trend, but one of the factors for ensuring competitiveness and maintaining a stable position in the market in a rapidly changing macro environment. At the same time, despite the positive effects achieved, digital transformation is a complex process from the point of view of implementation and is associated with high technological, financial, and economic risks. The work aims to develop and test a new system for evaluating the applicability of digital projects in the oil and gas sector. The research methodology includes the application of the Gartner curve, methods of expert assessments, and tools for assessing the economic efficiency of investment projects. The developed assessment system is based on a comprehensive accounting of four components: the level of digital maturity of the company; compliance of the implemented technology with the goals and objectives of the organization; the level of reliability of the implemented technology; the level of innovation of the implemented project. Particular attention is paid to the practical testing of the proposed methodology based on the evaluation of a digital project implemented by a Russian oil and gas company.
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Date submitted2022-05-03
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Date accepted2022-11-22
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Date published2023-02-27
Development of methodology for scenario analysis of investment projects of enterprises of the mineral resource complex
Theoretical and applied aspects of scenario analysis of investment projects of enterprises in the mineral resource sector of the economy are considered, its advantages and disadvantages are analyzed. Taking into account the organizational and economic features of mineral resources management, a number of new modifications of the scenario analysis method, aimed at solving an urgent problem - reducing the information uncertainty in assessing the expected efficiency and risk of investment projects, are proposed. The peculiarity of the proposed new modifications is the use of the interval-probabilistic approach in the implementation of the scenario analysis procedure. This approach is based on a moderately pessimistic system of preferences in obtaining point values of the investment project initial parameters. Fishburn estimates and the hierarchy analysis method were used to reduce subjective uncertainty. The maximum likelihood values in the sense of the maximum a priori probability are used as expected estimates. An additional indicator of risk assessment, which characterizes the probability of the event that the net present value of the project will take a value less than the specified one, is proposed. When analyzing one project, this indicator is more informative than the standard deviation. A statistical hypothesis was tested on the improvement of the validity of investment decisions developed using the modified scenario analysis method compared to the standard method.
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Date submitted2020-07-29
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Date accepted2021-03-29
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Date published2021-09-20
Critical analysis of methodological approaches to assessing sustainability of arctic oil and gas projects
Development of hydrocarbon resources in the Arctic is one of the priority tasks for the economy of the Russian Federation; however, such projects are associated with significant risks for the environment of nearby regions. Large-scale development of hydrocarbon resources in the Arctic should be based on the principles of sustainable development, which imply a balance between socio-economic benefits and environmental risks. The purpose of this study is to analyze the gaps in scientific knowledge on the issues of assessing sustainability of Arctic oil and gas projects (OGPs) and systematize the key problematic elements of such assessments. The analysis was carried out in terms of four key elements that determine the feasibility of implementing Arctic OGPs in the context of sustainable development: economic efficiency, social effects, environmental safety and technological availability. The methodology for conducting bibliometric analysis, which included more than 15.227 sources from the Scopus database over the period of 2005-2020, was based on PRISMA recommendations for compiling systematic reviews and meta-analyses. Methodological problems of assessing sustainability of Arctic OGPs were mapped and divided into four key sectors: consideration of factors that determine sustainability; sustainability assessment; interpretation of assessment results; sustainability management. This map can serve as a basis for conducting a series of point studies, aimed at eliminating existing methodological shortcomings of the sustainable development concept with respect to Arctic OGPs.
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Date submitted2020-04-24
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Date accepted2020-05-20
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Date published2020-10-08
Prospects and social effects of carbon dioxide sequestration and utilization projects
The issues of global warming and occurrence of the greenhouse effect are widely discussed on a global scale. Various methods of reducing greenhouse gas emissions are actively being investigated and tested, including technologies for sequestration of carbon dioxide, the implementation of which is carried out in the form of CC(U)S (carbon capture, utilization and storage) projects related to capture, disposal and, in some cases, use of CO 2 . In Russia, CC(U)S technologies are not yet used, but there is a significant potential for their development and distribution. CC(U)S technologies acquire a special role in the context of the development of the energy and industrial sectors of Russia, which are key sources of emissions, and the geological objects belonging to them are potential carbon storages. The purpose of this study is to conceptually analyze the CC(U)S technological cycle and typify such projects, assess the prospects for their implementation in Russia, and identify social effects from the implementation of CC(U)S projects. The main results of the study are presented in the form of a typology of CC(U)S projects, a strategic analysis of the prospects for introduction of such technologies in Russia, as well as development of approaches to assessing social effects with systematization and highlighting a set of indicators for their assessment, which can serve as a basis for re-estimation of the values of CC(U)S projects. The main research methods used were methods of decomposition, systematization and typology, as well as strategic analysis with a focus on relevant practical materials on the topic of the work. Directions for further research are related to the substantiation of the methodology for assessing social effects of CC(U)S projects, including for the conditions of Russia, based on the principles of balancing the interests of key participants.
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Date submitted2019-09-29
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Date accepted2020-02-24
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Date published2020-04-24
Vs sustainable development: scenarios for the future
Issues of sustainable development began to concern mankind starting from the 20th century, when mass industrialization and the depletion of natural resource potential contributed to the formulation of environmental issues at one of the leading places in scientific discourse. However, what if the goals of sustainable development would not be achieved to 2030? What other way we can identify for humanity to survive? So, the study is about the problems of studying the understanding of the term “sustainable development”, considering the evolution of the formation of the concept of sustainable development and analyzing the modern goals of sustainable development for attainability. From an analysis of domestic and foreign experience, possible scenarios of the development of mankind are identified (such as 1. Creating an environmental framework, 2. Implementation of sustainable nature management practices in the conditions of natural and man-made objects, 3. Implementation of “geoengineering projects”, 4. Construction of autonomous ecosystems, 5. Space exploration in search of a new planet for life, provided that the goals of sustainable development would not be achieved. It has been established that today probability of achieving all the sustainable development goals by 2030 is too small, and the indicated scenarios require, firstly, the development of science and technology, and secondly, a competent assessment of the value of nature and solving the issue of specifying property rights for natural goods.
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Date submitted2019-07-11
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Date accepted2019-09-02
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Date published2019-12-24
Stakeholders management of carbon sequestration project in the state – business – society system
Prevention of catastrophic effects of climate change is one of the most pressing challenges of this century. A prominent place in the low-carbon development system today is carbon capture and storage technology (CCS). This technology can significantly reduce greenhouse gas emissions, leading to global warming. Effectiveness of technology has been proven through successful implementation of a number of CCS projects. CCS projects are implemented in the context of national and often international interests, consolidating efforts of many parties. Sequestration projects involve government bodies, public, industrial and scientific sectors, as well as a number of other business structures. Each participant presents his own expectations for results of the project, which can compete among themselves, creating threats to its successful implementation. World experience in implementing CCS projects indicates that opposition from a certain group of stakeholders can lead to closure of a project, therefore, interaction with environment is one of the key elements in managing such projects. This study focuses on specifics of stakeholder management in implementation of CO 2 sequestration projects. Based on the analysis of world experience, role of the state, business and society in such projects is determined, their main expectations and interests are summarized. The main groups of stakeholders of CCS and CCUS (carbon capture, utilization and storage) projects were identified, differences in their interests and incentives to participate were analyzed. It is proved that system of interaction with stakeholders should be created at the early stages of the project, while management of stakeholders is a continuous process throughout the life cycle. An author’s tool is proposed for assessing degree of stakeholder interest, the use of which allowed us to determine interaction vectors with various groups of stakeholders.
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Date submitted2019-07-24
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Date accepted2019-09-13
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Date published2019-12-24
Integrated mining projects in underdeveloped territories of Russia: substantiation of implementation parameters
- Authors:
- T. V. Ponomarenko
- E. A. Khan-Tsai
- Ch. Bavuu
Complex mining projects, as a rule, have significant economic and social impact on the territory, sometimes entire regions where they are implemented. Consumers of their implementation effects are population, government, buyers, lenders and other stakeholders. Therefore, development of transport infrastructure in integrated projects for development of mineral deposits should have state support, forms of which are very diverse. In Russia parameters of concession agreements for construction of transport infrastructure, carried out in conjunction with projects for development of mineral deposits, are not regulated or justified. Aim of the work is to develop an organizational model and justify parameters of concession agreement for construction of the railway as a key element of transport infrastructure necessary for successful implementation of the project for development of a large coal deposit in a low-developed region. Research methods are: strategic, institutional, investment analysis, modeling and forecasting methods. The article proposes an approach to justification of technical, economic and financial parameters of concession agreement implemented during realization of an integrated mining project. As a result of the study, a concession agreement model was developed for construction of railway section as part of an integrated mining project, including development of a deposit and construction of a mining and concentrating company.
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Date submitted2019-02-26
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Date accepted2019-05-22
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Date published2019-08-23
Systemic Diagnostics of the Arctic Industry Development Strategy
The article analyzes organizational and economic problems of the industry in the Arctic and discloses methods and tools for researching these problems. An attempt to use the method of system diagnostics is made, which has established itself as a basis for determining the development strategy of industry in the Arctic zone of the Russian Federation (AZRF). This method allows to explore the mechanism of natural resources development in the Arctic, such as hydrocarbons and marine biological resources; as well as the organization of logistics and transport corridors for trade of goods produced in the North and in the central regions of Russia. The role, significance and content of the strategy as an essential element of the system for managing natural wealth development in the Arctic in the context of its growing importance in development of global transport corridor are revealed. Importance of a systematic approach to the development of industry in the Arctic is substantiated, it will ensure development of all investors interested in this region; will allow the state, large corporations, small and medium-sized businesses to work together for the long term. The proposed method for system diagnostics of strategizing the development of industrial potential in the AZRF can be used in the implementation of «Development Strategy for the Arctic Region» as part of roadmap realization for the Arctic region.
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Date submitted2019-02-28
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Date accepted2019-05-24
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Date published2019-08-23
Methodological Approach to Substantiation of Capital Investments of Gold Fields Based on Unit Costs
- Authors:
- A. Yu. Zaitsev
Issues of assessing capital expenditures for setting mineral deposits into operation are considered. Existing methods have a number of advantages and disadvantages, but they are determined separately for each type of fixed assets of the field. A simple method, that allows to quickly and easily determine the amount of capital costs for setting gold deposit into operation, based on data on ore reserves, as well as unit costs, taking into account the degree of infrastructure development at the deposit, is proposed. Presented methodology allows one to determine the real amount of initial capital expenditures of a gold deposit, calculate their marginal (recommended) value, and also assess the balance of capital investments in the development of a particular deposit, taking into account the existing one in the company's investment portfolio. The methodology is based on analysis of empirical material, which used real capital costs for development of gold deposits (and foreign-metal impurities) by Polymetal International plc. As a result of a statistical study, method for determining the marginal cost of a field is obtained.
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Date submitted2018-07-02
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Date accepted2018-09-04
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Date published2018-12-21
Strategic Planning of Arctic Shelf Development Using Fractal Theory Tools
- Authors:
- V. S. Vasiltsov
- V. M. Vasiltsova
The paper justifies the necessity to utilize new methods of strategic planning in oil and gas field exploitation in the Arctic shelf during the implementation of high technology diversified model of development for oil and gas companies (OGC) based on principles and tools of fractal theory. It has been proved that despite its challenging conditions the Arctic represents not only resource potential of the country and a guarantee of national safety, but also a key driver of market self-identification and self-organization of OGCs. Identified and analyzed problems in institutional procurement of shelf development and utilized methods of strategic planning and project management, both on the levels of state and corporate governance, demonstrate that reductive approach of the fractal theory allows to take into account diversification of heterogeneous multicomponent project models, which can be reduced to a single management decision with inverse iterations of neural network modelling. Suggested approach is relevant for strategic planning not only on the stage of investment portfolio justification, but also for identification and assessment of project risks; ranking of projects according to the order of their implementation; back and - forth management (monitoring and supervision) and project completion. It has been detected that such basic properties of the fractal as self-similarity, recurrence, fragmentation and correlation between all fractal dimensions allow to systematize chaotically changing values of market parameters in the Arctic shelf development project, which provides an opportunity to forecast market development with minimal prediction errors.
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Date submitted2018-07-22
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Date accepted2018-09-07
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Date published2018-12-21
Game theory model of state in-vestment into territories of advanced development in the regions of mineral resources specialization
- Authors:
- A. V. Kozlov
- A. B. Teslya
- S. A. Chernogorskii
Historically developed and non-compliant with modern conditions, the structure of industry placement and related inequality in economic development of certain territories are additional negative factors that hinder economic development of the country. Hence, the search for new organizational forms and methods of territorial development, facilitation of industrial growth in regions with mineral resources specialization become more and more relevant. Another no less important issue is justification of economic feasibility of using such tools and assessment of critical consequences of their application. Suggested by the authors, game theory model of state investment into territories of advanced development describes the method of limited resources distribution and becomes an instrument to assess the feasibility of investment into creation of advanced development territories under the conditions of insufficient information and actions of specific interest groups. Application of the suggested game theory model of state investment into creation of advanced development territories allows to forecast behavior of program participants, to model consequences of management decisions both for government structures and separate program participants.
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Date submitted2018-05-22
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Date accepted2018-07-04
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Date published2018-10-24
Cost assessment of gold ore deposits adjusted for capital investment
- Authors:
- A. Yu. Zaitsev
The paper focuses on the problems of geologic and economic assessment of mineral deposits. Existing methods have certain advantages and disadvantages, but always rely on unified assessment criteria that fail to take into account specific parameters of each deposit. The author proposes a method of quick and simple cost assessment of gold ore deposits based on ore reserves data. Suggested approach allows to evaluate a true price of gold ore deposits that takes into account field preparation and development costs, as well as to calculate threshold (recommended) amount of investment. Besides that, the method permits to assess the contribution that mineral reserves and resources make to the cumulative market price of the mining company. The method is based on the analysis of empirical data from actual purchases of gold ore (and associated metals) deposits made by Polymetal International PLC. The results of statistical research are incorporated in a formula of threshold deposit price taking into account field preparation and development costs. Comparison between deposit prices obtained from actual purchase deals and forecast results demonstrates high convergence rate (R = 0.97). The greatest error in the forecast results is attributed to insufficient attention to the geographical position of deposits, existence of infrastructure and relevant facilities. The method has been tested on three purchases of gold ore assets made by Polymetal International PLC and demonstrated high convergence with actual deal prices.
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Date submitted2018-05-07
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Date accepted2018-07-10
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Date published2018-10-24
Justification of economic benefits of arctic LNG transportation by sea
Russian Arctic is the largest exporter of domestic natural gas, which brings significant income to the federal budget. The major share of natural gas extracted in the Arctic is transported via pipelines in the direction of European countries. For a number of reasons EU is continuously reducing its consumption of Russian natural gas, among other things by increasing the import of liquefied natural gas (LNG). All this is happening against the background of global markets refocusing from pipeline gas to LNG. An obvious solution here would be to increase LNG production in the Russian Arctic with its subsequent transportation by sea. Taking into account remote location of Arctic gas fields from the main sales markets, there is a need for comparative cost analysis of transportation via pipelines and LNG tankers. The authors developed a method of assessing the costs of pipeline and sea transportation under comparable conditions. Calculations have been made for gas transportation to Germany, Italy, Turkey and China. As a result, it has been demonstrated that sea transportation of 1,000 m 3 of natural gas is cheaper than pipeline transportation by the average value of 106.3 USD (–40.2 %) across all the routes in question. Performed calculations prove the economic benefits of sea transportation of Arctic LNG to the existing and potential markets for natural gas. Such results are justified by the need of rational replacement of pipeline gas by LNG in European markets (especially in Southern Europe, where LNG has a greater competitive advantage) and increasing export of liquefied natural gas to the Asia-Pacific Region. Suggested measures will allow to reduce the costs of sea LNG transportation, which will give Arctic natural gas a competitive edge on the global and regional gas markets.
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Date submitted2016-11-20
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Date accepted2017-01-07
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Date published2017-04-14
Models for assessment of public-private partnership projects in subsurface management
- Authors:
- I. S. Kalgina
Aims and goals of this paper. The article is devoted to analysis of issues related to development of public-private partnership (PPP) projects in mineral resources sector of Russia. The special emphasis is given to the most common PPP model in the field of industrial infrastructure construction using the Investment Fund of RF. We offer specific tools to be used with Russian models for assessment of PPP projects and forecasting of its efficiency for its participants. This model allows evaluating the results of the whole deposit development process, constructing graphs of all types of expenditures and revenues (by years), and having rent assessment of deposit NPV (net present value) and internal rent rate (IRR). Methods and results. The iteration process at each step enables assessment of budget revenue forecast, living standards indexes, ecological parameters and performance indicators, as well as a certain variant of PPP project implementation for investors (direct government expenses on implementation of infrastructure objects and environmental activities, tax benefits). We have a set of tools for supporting the management decision making process in developing efficient PPP mechanism, balancing long-term government interests, private sector and local people interests arising during socio-economic development of mineral resources area. This method using the suggested tools for analyzing efficiency of a specific partnership mechanism is shown on the examples of projects of developing different deposits in Transbaikal region.
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Date submitted2015-08-11
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Date accepted2015-10-06
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Date published2016-04-22
Problems development of the offshore oil and gas fields deposits
- Authors:
- V. M. Vasiltsova
Based on the fact that the development of offshore fields that contain huge reserves of hy-drocarbons, is a key area to overcome the negative trends in the oil and gas industry. The article identifies ways to improve the organization and management of the development of the Arctic shelf from a methodological and practical point of view. Three groups of problems of increase of efficiency of interaction of oil and gas companies to governments and companies from other countries: 1) Institutional (taxation, production sharing agreements, concession regime and others.); investment (extension of the list of investment risks and methodical study of their principles); innovation (creation of a new generation of oil and gas equipment, marine oil and gas innova-tion clusters) and the ways to solve them.
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Date submitted2015-08-19
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Date accepted2015-10-17
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Date published2016-04-22
Development of institute of financial control in construction
- Authors:
- V. P. Grakhov
- O. L. Chazova
The article is devoted to the complex research of development of Institute of financial control in construction. Based on the analysis of approaches of researchers to definition of concept «financial control», sets out its objectives and importance. Identifies and describes the characteristic features of state and non-state financial control. To examine the existing mechanisms of financial control system in construction in General, to prevent violations and to create the basis for the adoption of specific management decisions, it is proposed to study three main areas. Special attention is paid to the analysis of the current legislation in the field of formation of financial control in the construction and practice of its application. Presents substantial changes in the legal regulation of the contract system in the sphere of procurement for state and municipal needs, including the adjustment of the scheme of carrying out of competitive procedures by the customer. In this regard, an important role plays the method of calculation of the final rating of participants of procurement procedures, allowing to determine the winner in accordance with predetermined criteria and their weighting factors. This area is also complemented by the consideration of issues related to the establishment of the procedure for the implementation of banking support contracts, allowing to provide the customer more effective control over the observance of contractual obligations with suppliers (contractors, performers). The conducted researches allow to draw a conclusion about the need to rethink and address issues related to efficiency of use of budget investments in objects of capital construction. In this regard, the main priorities of improving financial control in the construction industry to achieve the desired rates of economic development.
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Date submitted2014-12-10
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Date accepted2015-02-20
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Date published2015-12-25
Opencast mine parameters sensitivity analysis at preliminary study of a mining project
- Authors:
- S. I. Fomin
- E. I. Bazarova
The article describes sensitivity analysis, aimed at variables dependence detection: to what extent open cast mine ultimate efficiency or performance will be affected when one of the key input variables is changed. The stronger the dependence effect, the higher the project implementation risk. The sensitivity analysis objective is demonstrated – principle factors identification – critical variables, capable of having a serious influence on the project implementation results, and impact verification of progressive (single) factorial changes. Sensitivity analysis in its content is a single-factor analysis. Output, as a basic performance indicator of an open cast mine, characterizes mine development intensity and is determined by mining-engineering and economic factors. It is proved that the impact degree from various parameters on the open cast mine output is characterized by elasticity ratio. The project indicators sensitivity analysis, which was carried out, allowed to establish the impact degree that various parameters have on the open cast mine output, which takes place in a high-angle ore deposit, characterized by elasticity ratio.
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Date submitted2014-11-22
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Date accepted2015-01-01
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Date published2015-10-26
Theoretical and methodological bases of forming a program management system for integrated development of a region
- Authors:
- S. V. Fedoseev
- Sya Chzhan
This article deals with theoretical and methodological bases of forming a program manage-ment system for integrated development of a region. The idea of a program-based management system based on a system of socio-economic transformation is presented. The given bases include monitoring emerging trends in the program management for integrated development of a region of the Russian Federation on basic parameters and involve control of the management process. The concept of forming the mechanism of program management as an integrated system is suggested.
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Date submitted2014-11-01
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Date accepted2015-01-22
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Date published2015-10-26
Project finance for strategic investment projects of mining corporations
- Authors:
- T. V. Ponomarenko
- N. A. Belitskaya
A strategic project realization in large companies leads to long-term competitive benefits, but is very costly, has high risks and complicated structural arrangement. Long payback period, high debt and risk burden result in the necessity to use project finance facilities. The research aims to find out conditions and justify the possibility of the use of project finance in Russian mining companies in terms of the new legal framework. Characteristics of projects requiring the use of project finance are determined. The article clarifies the principles and definition of project finance. Specific risks and realization problems of project finance in the Russian context are analyzed. A comparison between the Russian legal framework of project finance and regulation in foreign countries is made; examples and problems in the Russian project finance practice are shown. The results can be used by mining companies for justification of the optimal financial strategy for major investment projects realization.
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Date submitted2009-10-23
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Date accepted2009-12-10
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Date published2010-09-22
Geomechanical substantiation of projects of ore deposits mining
- Authors:
- V. V. Zubkov
- A. A. Filinkov
The paper presents the monitoring system for better geodynamic safety in mining of mineral deposits. The suggested system of geodynamic monitoring allows us to evaluate the stress state of ore massif for the planned variant of mining and to give recommendations on the safe deposit mining. Based on the analysis of the modeling data, consideration was given to one of the variants of geomechanical substantiation of the project of ore deposit mining.
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Date submitted2009-08-28
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Date accepted2009-10-22
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Date published2010-02-01
Peculiarity of economic investment at gold ore deposit
- Authors:
- P. A. Zhigulevich
In clause dynamics investment development branch is studied. Methodical bases the analysis of the factors influencing acceptance investment decisions and algorithm of a complex estimation investment appeal of the enterprise are offered.
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Date submitted2008-11-19
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Date accepted2009-01-03
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Date published2009-12-11
Prerequisites for sustainable development of mining region
- Authors:
- M. A. Nevskaya
The article deals with issues related to the identification of conditions for sustainable development of mining area. In such conditions, the author highlights the investment potential, the specificity of specialization and structure of economy of the region, the balance of state, regional and sectoral interests. As the characteristics used in evaluating the productive capacity of the territory proposed rates structure, dynamics and effectiveness, based on the integral rate of gross regional product.