On the Issue of Mineral Reserves Classification

Cehlár, Michal; Rybár, Pavol; Engel, Jacek

doi:10.26730/2618-7434-2019-1-04-23

Cited by 5 publications

(5 citation statements)

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“…1 it follows that the development of mining actually reflects the demand of the industry for new types and growing volumes of industrial raw materials. Prospects for the Industry 4.0 digital technologies diffusion in the mining industry -one of the most conservative sectors of the economy -are associated with global competition in the raw materials market [16][17][18]. In the coming decades, the volume of production at each mine and open pit will depend on world prices and demand.…”

Section: Resultsmentioning

confidence: 99%

Digital Modernization of the Russian Mining Sector in Accordance with the National Technology Initiative and Mining 4.0

et al. 2021

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Currently, a new impetus for the innovative development of the Russian economy is associated with the formation and implementation of measures within the framework of the National Technology Initiative, aimed at the expansion of national high-tech companies into world markets. At the same time, there is a large-scale consumer of Industry 4.0 technologies in the domestic market – the extractive sector of the Russian industry, in need of technological support for innovative modernization. Today, the mining industry around the world is in a process of technological transformation, as digital and automated technologies are transforming traditional technologies for the extraction of energy and non-energy minerals. In the era of volatile global demand for raw materials, stricter safety and environmental requirements and dwindling profits, the mining industry must increase its investment attractiveness by radically increasing productivity as a result of the introduction of intelligent mining systems. Thus, new technological requirements of the Russian mining industry can be satisfied within the key areas of the National Technology Initiative. For this, it is important to unite the efforts of representatives of business, the scientific and educational community, the state, and international partners in the interests of the technological modernization of the mining complex as a factor of national economy development.

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Section: Resultsmentioning

confidence: 99%

Digital Modernization of the Russian Mining Sector in Accordance with the National Technology Initiative and Mining 4.0

et al. 2021

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“…Russia lags behind the leading countries in the development and mastering of technologies for the use of renewable energy sources [6]. However, despite this circumstance, there are examples of the implementation of successful projects in this area.…”

Section: Methodsmentioning

confidence: 99%

Expanding of Green and Renewable Energy as a Condition for Economy Transition to Sustainable Development

et al. 2021

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All over the world, the topic of green growth is relevant, that is, the growth of economies through the use of modern, environmentally sound, energy efficient technologies, including the use of alternative energy sources. In a modern, dynamically changing society, renewable energy sources are of interest to an increasing number of people. This interest is quite justified, since recently coherent problems of energy and environment are becoming more and more obvious. When discussing emerging problems, the leaders of states and international organizations more often come to the conclusion that in the future these problems can be solved only with the use of environmentally friendly renewable energy sources. The development of green and renewable energy is of particular importance for the Russian industry, in which, on the one hand, the fuel and energy sector occupies one of the main places. On the other hand, the transition to sustainable development is impossible without reducing the impact of energy on the environment, which is intended to contribute to the development of green and renewable energy.

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“…In this sense responsibility for achieving these objectives lies not only with the governments themselves and those intergovernmental and development organizations that assist them in their planning efforts, but also strongly with a responsible private sector. [7] Economic diversification simply will not happen without an active planning process involving government, labor and private sector interests. In this sense, the planning for diversification goes far beyond the commonly accepted notions of:…”

Section: Introductionmentioning

confidence: 99%

“…Constantly review mining and investment codes in close consultation with potential investors in order to encourage investment by demonstrating a willingness to co-operate with investors. [7] The Table 1 [8] shows the ranking of mining companies as of April 2017 with division into mono-enterprises and diversified. Table 1 and data from PwC's 16th annual review of global trends in the mining industry [8] we can conclude that diversified industries are much more efficient in their core business than enterprises focused on one type of minerals.…”

Section: Introductionmentioning

confidence: 99%

Diversification Strategy and Sustainable Development of Mining Companies in the Eurasian Mining Region

et al. 2019

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The aim of this study is to examine the relationship between diversification strategies implementation and sustainable development goals of mining companies of Eurasian mining region in modern conditions. Today Eurasia is very rich region with minerals-driven sustainable development goals and challenges. In this case it is important to improve strategies of mining companies of Eurasia and to listen to the biggest companies` experience. Diversification strategy is one of the most progressive way to develop mining companies wherein Global Sustainable Development Goals must be considered. Diversification of the enterprise could be realized in such ways: as the extension of its business activities to new areas or as the capital diversification -diversification of assets in company's investment portfolio. Over the past two years, from 2017 to the beginning of 2019, the number of diversified companies in the TOP 30 Mining companies of the world, according to the PWC consulting company and the Mining[dot]com resource, increased from 8 to 13. Thus, it is important to study the possibilities and features of implementing diversification strategies for mining enterprises of Eurasian mining region. In research it is presented the algorithm of the model, compiled on the basis of the development as applied to solving the problem of diversification of a mining enterprise.

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On the Issue of Mineral Reserves Classification

Cited by 5 publications

References 0 publications

Digital Modernization of the Russian Mining Sector in Accordance with the National Technology Initiative and Mining 4.0

Digital Modernization of the Russian Mining Sector in Accordance with the National Technology Initiative and Mining 4.0

Expanding of Green and Renewable Energy as a Condition for Economy Transition to Sustainable Development

Diversification Strategy and Sustainable Development of Mining Companies in the Eurasian Mining Region

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