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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 submitted2022-06-28
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Date accepted2023-01-19
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Date published2023-02-27
Influence of mining rent on the efficiency of using natural potential: the paradox of plenty and its Russian specifics
- Authors:
- Arunas A. Lapinskas
The most powerful potential of Russia's natural resources is only partially realized, and determining the reasons for the insufficient efficiency of its use is a current research topic. The exploitation of mineral resources that bring mining rent (primarily oil and gas) gives rise to the so-called “paradox of plenty” (PP), which in some cases manifests itself as a significant slowdown in economic development. The purpose of the article is to clarify the signs, degree and forms of PP manifestation and related problems (“resource curse”, “oil curse”, etc.) in the Russian economy. Since the causes of these phenomena are usually associated with rent extraction and peculiarities of the institutional structure of the economy, the works of leading economists who support the theories of “rent-oriented behavior” and the role of public institutions in the process of the PP emergence were critically analyzed. To determine the signs and degree of PP manifestation and related problems, an analysis of determining the shares of oil and gas in the structure of exports, revenues from their sale in the federal budget, and oil and gas products in the structure of GDP, was made. It is concluded that there are no sufficient grounds for ascertaining clear signs of a “rent-oriented” Russian economy and a “resource curse”; important counteracting factors that refute the unambiguous conclusions about the high degree of PP impact on the Russian economy were identified. The author's interpretation of the role of public institutions, the factors of formation and forms of PP manifestation, the specifics of differential mining rent and its role in the formation of PP are proposed; options for solving problems generated by PP – directions for improving the tax system in the field of oil and gas, etc.; substantiation of the need to develop a strategic state program for diversifying the sectoral structure of the Russian economy; directions for adjusting economic policy in the field of oil and gas industry development, etc.
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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 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 submitted2009-09-24
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Date accepted2009-11-16
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Date published2010-06-25
Innovative approach to professional development programs creation
- Authors:
- O. G. Zgurskaya
- D. A. Shchukina
This article represents one of approaches how to create refresher courses innovative modular programs. Modern higher school must ensure possibility of professional competence widening in new economical conditions. Speech strategic and tactics mastering is a foundation for self-actualization in the sphere of business communication.
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Date submitted2009-07-23
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Date accepted2009-09-22
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Date published2010-04-22
Conceptual principles of mining company’s balanced development in condition of necessity of innovation transformation
- Authors:
- A. A. Gurev
Necessity of forming strategy of balanced development of mining company on based innovation transformation is proved. Algorithm of analysis of strategic opportunity realization is proposed. Conceptual scheme of formation of strategy of balanced development of mining company is developed.
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Date submitted2008-11-08
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Date accepted2009-01-08
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Date published2009-12-11
The main targets of strategic planning of the Russian vertically-integrated oil-gas companies
- Authors:
- A. V. Zhimirova
The article discusses main goals and targets of strategic planning in oil companies considering the example of leading vertically-integrated oil-gaz companies. The impact of oil industry on the country’s macroeconomic indices is shown. Besides, main directions of big companies’ activity are analyzed. Special corporate features considered in the companies’ strategic plans should be correlated with the State Energy strategy.
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Date submitted2008-11-21
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Date accepted2009-01-21
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Date published2009-12-11
Potential of russian Federal agency of state reserves in forming oil and oil products reserves system
- Authors:
- M. T. Kharisova
The article is dedicated to the problem of setting up strategic oil and oil products reserves which is necessary for ensuring national energy security. It is necessary to form a profound program of organizational, technical, technological, economic and financial measures aimed at implementation of this direction of state energy policy.