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Economic evaluation of mineral resources potential of solid minerals with a view to the national resource mode

Author

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  • Aleksey Dushin
  • Boris Taktashkin

Abstract

The article presents the results of the revaluation of the mineral resource potential objects of the Northern and Subpolar Ural Khanty-Mansiysk Autonomous Okrug − Ugra with the national resource of the regime. The aim of presented research is the development of theory and methodology of complex study and evaluation of mineral resources in the Northern, polar and Arctic territories in various stages of geological survey and development of uncertainty and risks. Author's method of accounting the national resource regime for the economic evaluation of the prospects of the mineral and raw materials potential is presented. In the course of the research were used, income, comparative approaches to the economic valuation and analyzed method abstract generic values of the (potential value), applied theoretical apparatus of the institutional theory. As a result of research, the following conclusions were made: underreporting of existing methods of economic evaluation of mineral-raw potential environmental and including institutional risks leads to incorrect results; a widely used procedure of assessment of country risks, based on applications of credit ratings and contain high share of subjectivity; the evaluation of a national resource of the regime showed high institutional risks in comparison with other countries, actively exploiting mineral resources, which indicates the need for a substantial change of the state commodity policies with a view to reducing institutional risks; the conducted economic revaluation showed the usefulness of involving in economic circulation of the facilities of mineral-raw potential of the KhMAO-Ugra only in the case of system development of the region; a revalued mineral and raw material potential is able to meet only local requirements for raw materials part of the industrial potential of the Ural region and the adjacent areas and only under the condition of construction of new of appropriate transport and energy infrastructure.

Suggested Citation

  • Aleksey Dushin & Boris Taktashkin, 2013. "Economic evaluation of mineral resources potential of solid minerals with a view to the national resource mode," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 88-95.
  • Handle: RePEc:ura:ecregj:v:1:y:2013:i:1:p:88-95
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