The scale of waste formation from coal-fired generation is significant and tends to grow steadily in the context of the global use of coal for power production. This paper covers the problems and current opportunities for recycling coal fly ash waste from coal generation from the position of a stakeholder approach, namely, identification of the main participants and determination of the effects for economic agents in coal fly ash recycling projects. Based on the method of economic modeling and the empirical assessment of project efficiency, this paper presents alternative patterns of stakeholder interaction in the process of implementing coal fly ash recycling projects, estimates the effects of using coal fly ash, and identifies conflicting interests between stakeholders. It is shown that the reason behind the low interest of the Russian private sector in the processing of coal fly ash is the lack of stimulating market mechanisms for manufacturers and consumers of ash products, the high risks of implementing recycling projects based on clean coal technologies, and low environmental payments for commercial companies.
The depletion of non-renewable natural resources (primarily mineral and energy resources) and its assessment is a problem that is analyzed based on the concept of sustainable development. Mineral resource depletion assessment is particularly important for resource-based economies. It provides for assessing the impact of mineral asset disposal that results from the suspension or termination of operations conducted by a mining company due to insurmountable circumstances. The results of such an event will be manifested at the national, regional, and local levels and felt by mining companies, suppliers, workers, the population of the territory, and other stakeholders. The study clarifies the attributes and essence of mineral resource depletion, analyzes the advantages and limitations of the existing tools for assessing mineral resource depletion, identifies depletion factors, describes a methodology for assessing mineral resource depletion, and contains a case study of a tin deposit. The results of the study contribute to the development of the theory on the depletion of non-renewable natural resources. They provide for assessing losses to social wellbeing that can be caused by stopping the use of profitable mineral reserves.
Using Murmansk Region, one of Russia’s largest mining regions, as a case study, this paper examines the environmental safety challenges arising in the storage of mining and mineral processing waste (MMPW). It was found that MMPW causes environmental damage even after the deposit’s exhaustion. While being stored, the MMPW composition experiences a major change in the process properties of the recoverable minerals. As a consequence, the potential value of the MMPW as a mineral resource falls. Imperfections of the regulatory framework, leading to a higher unit cost of recovery and a reduced profitability of MMPW processing, are demonstrated. Potential amendments to the Russian laws are proposed in order to make MMPW processing commercially more viable.
One of the trends in sustainable economic development is the transition to circular business models, which aim to optimize goods and material flows by taking into account their cyclical nature at all production stages. Adapting circular business models to mining and mineral processing operations can serve as an impetus for mining companies to upgrade and move to a new level of technological sophistication. This article attempts to develop a conceptual framework for circular business models factoring in the nature of production chains in coal mining, power generation, and metal production to reduce production costs, expand the product range, improve sustainable development indicators, and deliver growth in company value. This article is based on desk studies that were aimed at analyzing the efficiency of circular models, organizing data on experience in rational resource use in the mining industry, and transforming basic circular models into adapted ones for the environment in which coal companies operate. This study developed a conceptual framework of options for the implementation and evaluation of circular business models using an interdisciplinary approach and taking into account the specific features of coal companies and the principle of a resource being valuable throughout its whole life cycle. The proposed conceptual framework of circular business models can be used by Russian coal companies to design corporate strategies and long-term development plans.
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