The Development of Technogenic Deposits as a Factor of Overcoming Resource Limitations and Ensuring Sustainability (Case of Erdenet Mining Corporation SOE in Mongolia)

Ivan Potravny, Andrey Novoselov, Irina Novoselova, Violetta Gassiy () and Davaakhuu Nyamdorj
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Ivan Potravny: Basic Department of Project and Program Management Capital Group, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia
Andrey Novoselov: Department of Economics of Oil and Gas Industry, Gubkin University, 65 Leninsky Prospekt, 119991 Moscow, Russia
Irina Novoselova: Department of Industry Markets, Financial University under the Government of the Russian Federation, 49/2 Leningradsky Prosp., 125167 Moscow, Russia
Violetta Gassiy: Public Administration Department, Kuban State University, 149, Stavroposkaya, 350040 Krasnodar, Russia
Davaakhuu Nyamdorj: Science Department, Ulaanbaatar Branch of the Plekhanov Russian University of Economics, Bayanzurkh District, 14th Section, Mira Avenue, No. 69, Ulaanbaatar 13335, Mongolia

Sustainability, 2023, vol. 15, issue 22, 1-17

Abstract: This article justifies the need to involve technogenic deposits (off-balance ore and wastes) into the economic circulation of mining enterprises when there is a depletion of natural resources. It could be considered as one of the tools of the circular economy. The authors analyze global trends in the development of copper deposits, global demand for copper, and design recommendations for possible alternative options for the copper production. The authors use the case of Erdenet Mining Corporation SOE based in Mongolia to develop the approach for economic, social, and environmental problem-solving. The millions of mining dumps are proposed to develop as technogenic resources for recycled materials, prolonging profitable activities of the mine. The hierarchy analysis method is used to obtain the optimum order of mining dump development to obtain the desired economic, social, and environmental effect.

Keywords: depletion of natural capital; mining; technogenic deposits; mining dumps; circular economy; environmental protection; Erdenet Mining Corporation SOE; Mongolia (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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