Development profitability classification of mineral deposits for mining industry

Abstract

Mining industry is a basis for the sustainable economy development of any country. The state mineral resources sufficiency often plays a major role in geopolitics. A development of mineral deposits is inherently associated with a number of risks starting with a nonconfirmation of geological research data to price shifts in the global mineral recources markets. Investors, who take this risks also has to deal with not enough justified prices on deposit development licenses, determind by the state government. The presented research is devoted to the development of universal classification of deposits according to a presumed profitability of their development, with an aim of differentiating prices for subsoil use licenses, which is proposed as a mechanism of legal and economic regulation between the state as the owner of subsurface resources and regional subsoil users.