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Physical and monetary asset accounting of mineral resources in India

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  • Padhan, Dasarathi
  • Das, Amarendra

Abstract

In this paper, we have constructed the physical and monetary asset account of mineral resources in India using the SEEA framework. We have used the Net Present Value approach to prepare the monetary asset account of Manganese Ore, Iron Ore, and Bauxite. We found that reserves of all three mineral resources have declined from 1995 to 2015 due to the steady growth of mineral extraction. The extraction rate of bauxite was faster than that of iron ore and manganese ore. Though all the minerals gave negative resource rents to the economy in 1995, it turned positive and recorded growth in the subsequent years. Because of negative resource rent in 1995, NPVs of all minerals were negative in 1995. Overall, the NPV of the resources has grown remarkably from 1995 to 2015. Our research contributes to the target two of SDG 12 which aims to achieve the sustainable management and efficient use of natural resources by 2030.

Suggested Citation

  • Padhan, Dasarathi & Das, Amarendra, 2022. "Physical and monetary asset accounting of mineral resources in India," Resources Policy, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722003464
    DOI: 10.1016/j.resourpol.2022.102902
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    References listed on IDEAS

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    2. Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2012. "Sustainability and the measurement of wealth," Environment and Development Economics, Cambridge University Press, vol. 17(3), pages 317-353, June.
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    6. Mahfuz Kabir, 2017. "Valuation of Subsoil Minerals: Application of SEEA for Bangladesh," Working Papers id:11919, eSocialSciences.
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    8. Gundimeda, Haripriya & Sukhdev, Pavan & Sinha, Rajiv K. & Sanyal, Sanjeev, 2007. "Natural resource accounting for Indian states -- Illustrating the case of forest resources," Ecological Economics, Elsevier, vol. 61(4), pages 635-649, March.
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    Cited by:

    1. Yu, Donglei & Wenhui, Xiong & Anser, Muhammad Khalid & Nassani, Abdelmohsen A. & Imran, Muhammad & Zaman, Khalid & Haffar, Mohamed, 2023. "Navigating the global mineral market: A study of resource wealth and the energy transition," Resources Policy, Elsevier, vol. 82(C).
    2. Peng, Xuan & Mousa, Saeed & Sarfraz, Muddassar & Abdelmohsen A, Nassani & Haffar, Mohamed, 2023. "Improving mineral resource management by accurate financial management: Studying through artificial intelligence tools," Resources Policy, Elsevier, vol. 81(C).

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