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Home Archive of journals Volume 12, No. 1, 2022 Economic assessment of mineral resource potential of the Komi Republic Arctic territories

ECONOMIC ASSESSMENT OF MINERAL RESOURCE POTENTIAL OF THE KOMI REPUBLIC ARCTIC TERRITORIES

JOURNAL: Volume 12, No. 1, 2022, p. 87-98

HEADING: Study and development of nature resources of the Arctic

AUTHORS: Burtseva, I.G., Tikhonova, T.V., Burtsev, I.N.

ORGANIZATIONS: Institute of socio-economic and energy problems of the North, Komi Science Centre Ural Branch of the RS, Institute of Geology of Komi Science Center of the Ural Branch of the RAS

DOI: 10.25283/2223-4594-2022-1-87-98

UDC: 553.041-048:911.8(470.13-17)

The article was received on: 30.09.2021

Keywords: Arctic territories, mineral resources, cost valuation, ecosystem services

Bibliographic description: Burtseva, I.G., Tikhonova, T.V., Burtsev, I.N. Economic assessment of mineral resource potential of the Komi Republic Arctic territories. Arktika: ekologiya i ekonomika. [Arctic: Ecology and Economy], 2022, vol. 12, no. 1, pp. 87-98. DOI: 10.25283/2223-4594-2022-1-87-98. (In Russian).


Abstract:

The Arctic zone of the Timan-North Ural Region, to which the Komi Republic belongs, has a rich resource potential that is underdeveloped and ecologically vulnerable. The article presents the results of the economic evaluation of mineral resource potential of the Region Arctic zone, which show its high potential cost and an insignificant share of resources involved in industrial development. The authors base the assessment on their methodology, which includes the identification of the most economically promising mineral objects, an estimation of the gross value of resources, an evaluation of deposits via the net present value method with determination of the budget efficiency of the projects. The authors consider environmental risks by calculating the value of environmental services and analyzing their consumption and benefits. They calculate the cost of the mineral resource potential, taking into account the factor of ecosystem services, on the example of the Nechensky lignite deposit assessment. They outline that the assessment of the mineral potential of the region due to be based on the most significant objects, take into account types of raw materials, the size of deposits and technological features of development, and include the analysis of economic and geographical factors when choosing objects. The key indicator is the net present value of reserves taking into account the estimated resources of the prospection phases. The calculation of ecosystem services should also be included into the overall assessment of the raw material potential.


Finance info: The article was prepared in accordance with the state assignment for ISE & EPS FRC Komi SC UB RAS on the research topic Comprehensive assessment of the natural resource potential of the region in order to create new centers of economic growth (No. 0418-2019-0014).

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DOI 10.25283/2223-4594