Fuel and Energy Complex of Kazakhstan: Geological and Economic Assessment of Enterprises in the Context of Digital Transformation

Farida M. Issatayeva (), Gulnara M. Aubakirova, Aliya D. Maussymbayeva (), Lyussiya I. Togaibayeva, Valery V. Biryukov and Elena Vechkinzova ()
Additional contact information
Farida M. Issatayeva: Department of Geology and Exploration of Mineral Deposits, Abylkas Saginov Karaganda Technical University, 56 Nursultan Nazarbayev Ave., Karaganda 100027, Kazakhstan
Gulnara M. Aubakirova: Department of Economics and Management, Abylkas Saginov Karaganda Technical University, 56 Nursultan Nazarbayev Ave., Karaganda 100027, Kazakhstan
Aliya D. Maussymbayeva: Department of Geology and Exploration of Mineral Deposits, Abylkas Saginov Karaganda Technical University, 56 Nursultan Nazarbayev Ave., Karaganda 100027, Kazakhstan
Lyussiya I. Togaibayeva: Department of Economics and Management, Abylkas Saginov Karaganda Technical University, 56 Nursultan Nazarbayev Ave., Karaganda 100027, Kazakhstan
Valery V. Biryukov: Department of Economics and Management, Abylkas Saginov Karaganda Technical University, 56 Nursultan Nazarbayev Ave., Karaganda 100027, Kazakhstan
Elena Vechkinzova: Department of Management Theory and Business Technologies, Plekhanov Russian University of Economic, 36 Stremyanny Lane, 117997 Moscow, Russia

Energies, 2023, vol. 16, issue 16, 1-23

Abstract: The relevance of the study is dictated by the growing role of the fuel and energy complex of developing countries in the decarbonization of the economy. The article discusses the digital transformation of mining enterprises in Kazakhstan, taking into account the transition to CRIRSCO international standards and growing competition in the global mineral market. The purpose of the study is to assess the current level of digitalization of the mining industry in Kazakhstan and to deepen the methodological apparatus of the geological and economic assessment of the enterprise based on the factual base of deposits. The role of the transformation of the mining sector in achieving the sustainability of the poorly diversified economy of Kazakhstan is shown. The importance of digitalization of the industry to complete the transition to CRIRSCO international standards and improve the assessment of the digital provision of enterprises in order to optimize their financial and economic policies is argued. It has been established that, at present, most of the enterprises in the investment-attractive mining sector have a low potential for the transition to a new technological paradigm. A methodological approach to the geological and economic assessment of these enterprises has been developed. To maintain high standards of management transparency through the digitalization of key business processes, along with well-known practices of economic analysis, the IDEF1 methodology was used. In order to expand the software ecosystem, the formats of electronic geological and economic databases are integrated into the digital infrastructure of the enterprise. It is substantiated that the introduction of high technologies in the mining industry requires institutional changes and coordinated interaction between the state, business, and universities as equal partners.

Keywords: transition economy; decarbonization; international CRIRSCO standards; mining enterprise; geological and economic assessment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/16/6002/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/16/6002/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:16:y:2023:i:16:p:6002-:d:1218409

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().