Improving mineral resource management by accurate financial management: Studying through artificial intelligence tools

Peng, Xuan; Mousa, Saeed; Sarfraz, Muddassar; A, Nassani Abdelmohsen; Haffar, Mohamed

doi:10.1016/j.resourpol.2023.103323

Cited by 22 publications

(4 citation statements)

References 34 publications

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“…These Chinese-Indonesian smelting consortiums inadvertently created an industrial oligopsony, setting the price of nickel at very cheap rates that ultimately harmed the profit margins of most largescale mining firms and ASM groups (Camba, 2021). These are in line with previous findings that Financial Management (FM) and Mineral Resource Management (MRR) have asymmetric relationships that the increases one of them will reduces the other one (Peng et al, 2023).…”

Section: Resultssupporting

confidence: 85%

Nickel export ban policy in Indonesia - a path to sustainable economic development?

Setiani,

Valennia,

Rusni

2024

EcoProfit

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Electric-based vehicles (EV) come as an option for the solution over the GHG emissions problem resulting from energy production and transportation. Background. The demand for nickel, as a vital component of the lithium-ion batteries used in EV increases significantly and Indonesia plays a critical role as the owner of the world's largest nickel reserve. While exporting raw materials can increase national income, Indonesia misses out on the opportunity to capture higher value-added benefits from downstream processing and manufacturing. The nickel export ban policy is proposed by the Indonesian government as an effort to encourage the growth of the domestic nickel processing industry and capture higher value from the country’s nickel resources. From the creation of domestic value addition, industrial development, and sustainable resource management, it is hoped that Indonesia will move toward sustainable economic development. Methods. This paper reviewed component required to assess the nickel export strategy for long-term economic growth. We used a straightforward approach, outlining each sustainability principle's underlying objectives and providing justifications for why it should be considered in the nickel sector. By citing justifications for their advantages and justifications for their risks, we analyzed the existing policy. Results and discussions. Indonesia's nickel sector does not comply with sustainability principles and is used as a raw material for electric vehicle batteries, but it may only benefit a few people rather than the general welfare of the community. Conclusion. Therefore, the government's decision to impose a ban on nickel exports is correct, but it must be accompanied by efforts to improve both in terms of technology and policies regarding natural resource management. To control the power inclination to ensure sustainability and equality that sustainable natural resource management promotes, further study of the political component is required.

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Section: Resultssupporting

confidence: 85%

Nickel export ban policy in Indonesia - a path to sustainable economic development?

Setiani,

Valennia,

Rusni

2024

EcoProfit

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“…After all, students are often faced with a trade-off, namely in a situation where students must be able to choose one interest and sacrifice the other. A financial problem can also arise when experiencing errors in financial details, such as the absence of good financial planning (Elghaish et al, 2022;Paarima et al, 2021;Peng et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

“…After all, students are often faced with trade-offs, namely in situations where students must be able to choose one interest and sacrifice the other. A financial problem can also arise when experiencing errors in financial details, such as the absence of good financial planning (Elghaish et al, 2022;Paarima et al, 2021;Peng et al, 2023). Financial literacy is a person's ability and confidence in managing their finances personally, which can be seen from the accuracy and speed of making decisions but still considering economic events and conditions that often change.…”

Section: Introductionmentioning

confidence: 99%

“…Managing finances is not easy if individuals are not equipped with strong abilities, skills, and desires. In addition, managing finances can be better if individuals behave well (Mang'ana et al, 2023;Peng et al, 2023). Financial management is the responsibility of every individual for their finances because financial management is related to the needs of daily life, one of which is fostering an interest in saving.…”

Section: Introductionmentioning

confidence: 99%

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The role of financial knowledge and financial literacy in student financial management

Titin,

Marselina,

Patimah

et al. 2024

ijafibs

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A country's high level of finance will encourage the development of its economy. Internal and external factors cause high and low financial management behavior. This study aims to develop a model that examines the three variables that the author has analyzed to determine the factors that can improve student financial management. This study used the associative descriptive quantitative method with a population of 103 respondents drawn into a sample of 72 respondents with a purposive sampling technique using non-probability sampling, using a purposive sampling method. Data analysis techniques using linear regression with the help of SPSS software version 26. The first hypothesis shows that financial knowledge does not significantly affect student financial management, and the second hypothesis is that financial literacy variables have a significant effect on student financial management. The third hypothesis is that financial knowledge and literacy can affect student financial management. This research is expected to make theoretical contributions to the literature in this context, including in the context of financial and banking management

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Application of artificial intelligence in coal mine ultra-deep roadway engineering—a review

Yu,

Wang,

Zhang

2024

Artif Intell Rev

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Improving mineral resource management by accurate financial management: Studying through artificial intelligence tools

Cited by 22 publications

References 34 publications

Nickel export ban policy in Indonesia - a path to sustainable economic development?

Nickel export ban policy in Indonesia - a path to sustainable economic development?

The role of financial knowledge and financial literacy in student financial management

Application of artificial intelligence in coal mine ultra-deep roadway engineering—a review

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