scholarly journals Estimation of economic efficiency of mineral resource base development projects using the real options method

2018 ◽  
Vol 11 (3) ◽  
pp. 280-286
Author(s):  
E. A. Pozdnyakova
Keyword(s):  
Mineral Resource ◽  
Real Options ◽  
Economic Efficiency ◽  
Real Option ◽  
Raw Materials ◽  
Mineral Resources ◽  
Development Project ◽  
Resource Base ◽  
Field Development ◽  
Investment Projects

The article has indicated by the problem of assessing the effectiveness of investment projects of development of mineral resource base in the face of declining quality of raw materials and the transition to the working out of deposits with low content of useful components. The problem of providing with raw materials is relevant for the ferrous metallurgy of theRepublicof Uzbekistan. The decision can be the development of a deposit of titanium-magnetite ores «Tebinbulak» with low iron content. Justification of the effectiveness of such a project requires the use of modern tools. The article has substantiated the possibility of using real options to assess the economic efficiency of investment projects to develop the mineral resource base. In this paper we have considered the concept of real options in relation to the field of investment projects to develop the mineral resource base, have developed a classification of possible options in this area. To assess the value of real option of the project of develop the mineral resources base we have proposed to use Black– Scholes model, have given the interpretation of elements of model in relation to this sphere. On an example of field development project titanomagnetite ores «Tebinbulak» has evaluated the strategic value of the project with realigning option expectations.

scholarly journals Economic prerequisites for the development of low-energy based on the development of unclaimed hydrocarbon deposits

2019 ◽  
Vol 124 ◽  
pp. 05006
Author(s):  
E.S. Melekhin ◽  
A.A. Pelmeneva ◽  
E.S. Kuzina
Keyword(s):  
Mineral Resource ◽  
Distributed Generation ◽  
Raw Materials ◽  
The State ◽  
Low Energy ◽  
Resource Base ◽  
Field Development ◽  
Hydrocarbon Fields ◽  
Hydrocarbon Deposits ◽  
Hydrocarbon Field

The article assesses the state of the mineral resource base of hydrocarbon raw materials, provides estimates of the commercial efficiency of hydrocarbon field development, examines and substantiates the main economic prerequisites for the development of distributed generation based on the development of unclaimed small hydrocarbon fields.

scholarly journals Improvement of the contract system in the sphere of purchase based on geological-economic monitoring

2018 ◽  
Vol 7 (4) ◽  
pp. 235-244
Author(s):  
Валерий Дадыкин ◽  
Valeriy Dadykin ◽  
Ольга Дадыкина ◽  
Olga Dadykina
Keyword(s):  
Mineral Resource ◽  
Raw Materials ◽  
Mineral Resources ◽  
Information Support ◽  
Expert Assessment ◽  
Federal Law ◽  
Resource Base ◽  
Limit Values ◽  
Single Data ◽  
Reproductive Cycles

The questions of optimizing the reproduction indices of mineral and raw materials base are determined by the Budget Code of the Russian Federation and Federal Law No. 44-FZ of 05.04.2013 and are caused by a discrepancy between the economic interests of participants in the procurement process. Rosnedra, as a state customer, organizes purchases. The subjects entering into relations with the state customer in the stage of determining the supplier are legally independent geological organizations with their own means of production. The main indicator of their activity is maximization of revenue and profits from fulfillment of orders. For federal, regional and local government bodies, the goal is to maintain geological services markets, develop a regional mineral resource base. It follows that economic motivations of potential participants do not always coincide, and sometimes even contradict each other. In our opinion, one of the ways to maintain reproductive cycles of the mineral resource base is to use geoinformation systems in geological exploration modeling through the classification of methods and tools, determining composition of the modules consisting of indicators, conducting their peer review. The purpose of the study is to analyze and systematize the provisions of the contract system in the procurement segment and propose the ways to improve it, based on geological and economic monitoring, to group monitoring indicators into three interacting functional blocks within a single data warehouse: mineral resource base, mineral resource complex and mineral resources potential. The research methodology includes analysis of subsoil users operating in the region; deposits with industrial categories; deposits with geological reserves; soil areas containing predictive resources of category P1; soil areas containing predictive resources of category P2; soil areas containing predictive resources of category P3. As a result, the authors carry out an expert assessment of the limit values of indicators for the mining zones of the Bryansk region, on the basis of which it is concluded on the feasibility of use of geological and economic monitoring with respect to information support of the contract system in the procurement sphere.

scholarly journals The regionalization of territorial combinations of mineral deposits and mining territories of Ukraine

2019 ◽  
Keyword(s):  
Mineral Resource ◽  
Raw Materials ◽  
Mining Industry ◽  
Mineral Resources ◽  
Scientific Basis ◽  
Raw Material ◽  
Mineral Deposits ◽  
Resource Base ◽  
Mineral Raw Materials ◽  
Current State

The purpose of the article is using the data of Geoinform of Ukraine on the current state of the mineral resource base of the country, to regionalize its territory by combining explored mineral deposits and production-territorial complexes formed on their basis with a mineral raw material orientation. Research results. The article is written in the context of the constructive-geographical direction of studying the geography of mineral resources, which has been developing in the last decades in Ukraine. In particular, three approaches to regionalization of territorial combinations of mineral deposits are compared and analyzed: geological, economic-geographical and mining, which will contribute to their interconnection in characterizing the mineral-raw materials complexes of individual regions. The authors’ own interpretations of discussion definitions of mining terminology are proposed. Based on the results of previous studies and taking into account the current state of the mineral resource base, economic-geographical and mining zoning of the territory of Ukraine has been carried out for groups of explored mineral deposits. Within Ukraine, four mineral resource zones are allocated: Prydniprovsko-Pryazovska, Eastern Ukrainian, Donetsko-Slovianska and Prykarpatska, as well as several territorially separate structures: Zakarpatskyi, Lvivsko-Volynskyi, Podilskyi, Kerchenskyi, Krymskyi macrodistricts, Zhytomyrskyi and Pobuzkyi districts. A detailed description of the mineral and raw material specifications of these structures and their constituent parts, the features and prospects of their exploitation, the formation of territorial-production complexes of mineral and raw materials orientation are submitted. Scientific novelty. For the first time, various approaches to the regionalization of territorial groupings of mineral deposits and mining territories are compared, the basic definitions of mining regionalization are presented, and on this basis their own variant of zoning the territory of Ukraine on mineral resources is proposed. Practical value. The economic, geographical and mining zoning of the territory of Ukraine according to the forms of concentration of mineral deposits and mining areas will help create the scientific basis for optimizing the structure of the mining industry, ensuring the effective use of mineral raw materials, and developing the country's raw material complex.

scholarly journals The Condition Of General Development Of The Mineral Resource Base In Uzbekistan

2020 ◽  
Vol 02 (12) ◽  
pp. 1-6
Author(s):  
Umirzoqov Azamat Abdurashidovich ◽  
Keyword(s):  
Mineral Resource ◽  
Raw Materials ◽  
Entire Period ◽  
Processing Plant ◽  
Improved Method ◽  
General Development ◽  
Resource Base ◽  
Resource Potential ◽  
Field Development ◽  
Potential Use

The development of methods and means to improve the efficiency of the mining facility is aimed at improving the efficiency of the use of raw materials concentrated in deposits of natural and man-made origin. This increase in efficiency is manifested through maximizing the content of commercial ore shipped for processing, creating prerequisites for increasing the shipment of commercial ore and increasing the productivity of the processing plant. Maximization of the content in commercial ore is based on the developed scheme of cyclical increase in the efficiency of resource potential use for the entire period of field development, supplemented by an improved method of current mining planning based on anisotropy of contents and dynamic conditions.

Project portfolio valuation using real options

2020 ◽  
Vol 13 (2) ◽  
pp. 126-146
Author(s):  
A.B. Lanchakov ◽  
S.A. Filin ◽  
A.Zh. Yakushev
Keyword(s):  
Real Options ◽  
Real Option ◽  
Project Portfolio ◽  
Risk And Uncertainty ◽  
Expected Effect ◽  
Investment Projects ◽  
Financial Options ◽  
Portfolio Efficiency ◽  
The Face ◽  
Effective Development

Subject. The article analyzes the expected effect of a portfolio of projects in the face of risk and uncertainty, when using real options. Objectives. The purpose is to offer a more objective formula to assess the expected impact of a portfolio of projects for real investment objects under risk and uncertainty, using real options, and provide recommendations for improving the portfolio efficiency. Methods. The study draws on methods of real options and evaluation of investment projects through the real option value, the cash flow discounting method, synthesis, and mathematical modeling. Results. We systematized the main types of real options and developed a formula for calculating the expected effect of project portfolio implementation. The said formula shows that considering the additional long-term costs embedded in a portfolio of real options, which are associated with the use of these real options, and, therefore, reducing the overall risk of projects and the entire portfolio, permit to improve the objectivity of such calculations. Conclusions. When analyzing real options that have real assets as underlying instruments, it is often impossible to apply the computational formulae for financial options, as they differ significantly. The systematization of the main types of real options helps expand the range of application of management solutions. The offered formula enables to improve the efficiency of project insurance under risk and uncertainty and to use additional opportunities for effective development of the company.

scholarly journals PROSPECTS FOR RATIONAL USE OF MINERAL RESOURCES OF THE DZHAKSY-KLYCH DEPOSIT, THE ARAL REGION

2020 ◽  
Vol 5 (443) ◽  
pp. 196-203
Author(s):  
Bishimbayev V.K., ◽  
◽  
Issayeva A.U., ◽  
Nowak I., A. ◽  
Serzhanov G., ◽  
...  
Keyword(s):  
Magnesium Chloride ◽  
Raw Materials ◽  
Halophilic Bacteria ◽  
Mineral Resources ◽  
Pharmaceutical Products ◽  
The State ◽  
Aral Sea ◽  
Resource Base ◽  
Rational Use ◽  
Wide Range

Rational use of mineral resources is becoming an important task for the development and economic growth of Kazakhstan. The purpose of the research was to study the state of salt-containing raw materials to determine the prospects for rational use of mineral resources of the Dzhaksy-Klych Deposit, one of the salty halite lakes of the Aral region. Exploration studies have shown that the Deposit is layered, where the halite layer is underlain by a sulfate layer: astrakhanite, mirabilite, tenardite, located on a layer of silt, the bed of salt deposits is dark brown clays, less often - clay Sands. Mineralogically, the halite formation is represented by, %: halite – 90-96, epsomite -1,2-2,6, mirabilite -0,2-1,9, gypsum-0,2-1,4. The production of table salt results in waste containing 65.5% chlorides, 24.5% sulfates, 6.5% sodium carbonates, and 3.5% sodium silicates, which can be used for pharmaceutical and medical purposes. Bottom silty mud by its origin and chemical composition belongs to the mainland silt-sulfide type and can be used for Spa and balneological treatment. The reserves of sulphate salts in the field are significant, with the average thickness of the sulphate reservoir in the southern basin being 0.87 m, and in the Northern basin 0.91 m. Intergranular and surface brine containing sodium and magnesium chloride-sulfate salts is of particular interest. Analysis of the state of mineral resources of the Dzhaksy-Klych Deposit revealed prerequisites for expanding the range of opportunities for using salt-containing raw materials. A promising direction for the development of the mineral resource base is the production of soda based on sodium chloride, as well as the production of a commercial product based on sodium sulfate and magnesium chloride. Microbiological examination showed the presence of non-pathogenic forms of halophilic bacteria in the salt-containing raw materials, which indicates safety for use in pharmaceutical and medical practice. In the Aral sea region, there is every reason for the development of the cosmetology industry, where a wide range of cosmetology and pharmaceutical products can be produced based on a combination of salt-containing and local vegetable raw materials.

scholarly journals Justification of economic performance of processing of grain crops in biogas

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Nazar Tkach ◽  
◽  
Tetiana Mirzoieva ◽  
Keyword(s):  
Economic Efficiency ◽  
High Efficiency ◽  
Biogas Production ◽  
Raw Materials ◽  
Economic Feasibility ◽  
Biogas Plant ◽  
Raw Material ◽  
Material Base ◽  
Agricultural Crops ◽  
Investment Projects

The article presents a study on the justification of the economic feasibility of processing cereals into biogas. Аt the first stage the sown areas and productivity of separate agricultural crops in the investigated enterprises of Brovarsky district, Kyiv region were analyzed. The tendency to increase the yield of agricultural crops in the studied enterprises was revealed. This was seen as evidence that they could potentially be fully self-sufficient in raw materials for the production of gaseous biofuels. At the second stage of the study, the potential volume of the raw material base for biogas production in the studied enterprises was calculated, potential volume of biogas production and economically feasible volume of biogas production for each enterprise. It is proposed to use part of the grown grain for bioenergy production, and this part should be 10-15% of the gross harvest of grain enterprises in order to prevent the food crisis in the country. At the third stage of the study to determine the economic efficiency of biogas production from wheat and corn, investment costs were calculated, necessary for the implementation of the project to install a biogas plant in the studied enterprises. The authors calculated the investment costs required to implement the project of installing a biogas plant at the studied enterprises. The authors also analyzed the costs of each company for future projects. Finally, the economic efficiency of the proposed project for biogas production in the studied enterprises of Brovary district, Kyiv region is calculated, the economic efficiency of the project in the long run is analyzed with the use of discounted indicators of economic efficiency with a life cycle of 5 years. It was found that the implementation of projects for biogas production may be accompanied by high efficiency, all enterprises will receive profits from the implementation of investment projects for the production of biogas and biofertilizers with the subsequent sale of biogas and the use of biofertilizers for their own needs.

scholarly journals REGIONAL ASPECTS OF DEVELOPMENT AND REPRODUCTION OF THE DOMESTIC MINERAL BASE AND WAYS OF THEIR FINANCIAL SUPPLY

2018 ◽  
pp. 12-17
Author(s):  
S. A. Vyzhva ◽  
M. M. Kurylo ◽  
A. V. Balega
Keyword(s):  
Regional Development ◽  
Industrial Development ◽  
Raw Materials ◽  
Mineral Resources ◽  
Resource Base ◽  
Development Indicators ◽  
Balanced Development ◽  
Territorial Organization ◽  
National Programs ◽  
Mineral Base

The main aspects of regional development of the mineral base of Ukraine are defined. The structure of regional development of the mineral base of Ukraine was investigated by grouping administrative and territorial units by the activity of subsoil work, by the degree of industrial development of available proven reserves of minerals, by quantity and type, by the presence of strategically important minerals. It is established that balanced development of the mineral base of individual regions is complicated by the uneven distribution of studied and forecast mineral resources within the limits of separate territories, as well as the peculiarities of distribution of consumers of mineral raw materials. The main disadvantages in the regional structure of the mineral base were identified and the main directions of their optimization were determined in order to achieve balanced development indicators. The state of national programs development of mineral base of Ukraine for period to 2010 and 2030 was adopted for the balanced development of Ukraine’s mineral base. But this program does not include the issue of the regional nature of the development of a mineral base in the conditions of decentralization, which is provided for by the Concept of reforming local self-government and territorial organization of power in Ukraine. The study of official sites of regions, cities and united communities showed a systematic absence of official regional development programs for the mineral resource base.

scholarly journals Increasing the attractiveness of investment projects in the mining industry of the Russian Far East

2020 ◽  
Vol 192 ◽  
pp. 03002
Author(s):  
Yuliya Arkhipova ◽  
Rudolf Leontiev
Keyword(s):  
Raw Materials ◽  
Russian Far East ◽  
Far East ◽  
Mining Industry ◽  
Mineral Resources ◽  
Cost Effective ◽  
Federal District ◽  
Investment Projects ◽  
Processing Plants ◽  
The Impact

The article is devoted to the issue of the possibility of economic development of the mining industry in the subjects of the Far Eastern Federal District (FEFD) and the impact of investment projects. With the vast wealth and diversity of mineral resources, their involvement in the national economy is an essential factor in the industrialization and successful development of the regions. In the case of the establishment of processing plants, for a number of minerals, the region could provide its own needs, as well as the countries, finished products from it, and develop an export focus. The article considers the export orientation of the mineral and raw materials complex of Russia and the constituent entities of the Russian Federation, as well as the commodity structure of exports of the regions of the FEFD. Special attention is paid to the implementation of major regional investment projects, which are important for the development of the regions. So, it is proposed to implement a major project in the form of an integrated mining and metallurgical complex due to the fact that the region needs its own ferrous metallurgy. The calculations carried out (in various versions: basic, in the conditions of the territory of advanced development (TAD), without the costs of infrastructure creation) showed that the implementation of the project is cost-effective, but due to the high costs, the support of the state is necessary.

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