Risk Assessment of Mining Heritage Reuse in Public–Private-Partnership Mode Based on Improved Matter–Element Extension Model

Shan Yang, Shengyuan Zhuo, Zitong Xu and Jianhong Chen ()
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Shan Yang: School of Resources and Safety Engineering, Central South University, Changsha 410083, China
Shengyuan Zhuo: School of Resources and Safety Engineering, Central South University, Changsha 410083, China
Zitong Xu: School of Resources and Safety Engineering, Central South University, Changsha 410083, China
Jianhong Chen: School of Resources and Safety Engineering, Central South University, Changsha 410083, China

Mathematics, 2023, vol. 11, issue 16, 1-18

Abstract: With the development and utilization of resources, mineral-resource cities face the dilemma of resource depletion, the environmental restoration of mines, and industrial transformation. Reusing their mining heritage is a good way for these cities to change their mono-industrial structure and vigorously develop successor industries. Due to the complexity of reusing mining heritage, introducing the “Public–Private-Partnership” (PPP) mode can be a good solution to the problems of the government’s mining heritage reuse, such as large capital investment and a long construction-cycle time. To accurately classify the risk of reuse of mining heritage in the PPP mode, 26 indicators are selected to construct the evaluation index system of mining heritage reuse in the PPP mode based on five aspects: social capital-side, contractor-side, government-side, civilian-side, and the natural environment. The path coefficients of the structural equation model are used to calculate the weights of the indicators. The improved matter–element extension model is constructed to evaluate the reuse of mining heritage in the PPP mode. The Jiaozuo-Centennial Mining Heritage Park project is the object of research for applying the model. The results show that the risk evaluation index system combines the risk factors from the stakeholders’ perspective. The risk-evaluation model of the mining heritage reuse PPP project is constructed based on the combination of the improved matter–element extension model, the calculation of the asymmetric closeness, and the structural equation modeling method, which solves the drawbacks of the traditional model, such as the difficulty of determining the weights of the indicators, the incomplete scope of the material element domains, and the poor calculation of the comprehensive correlation degree. The case analysis shows that the risk level of the Jiaozuo-Centennial Mining Heritage Park project is Level II. This aligns with the actual situation and verifies the feasibility of the risk-evaluation model applied to the actual project. The research in this paper fills the gap in the risk model of mining heritage reuse in the PPP mode, enriches the theoretical system of risk evaluation of mining heritage reuse projects, and provides reference significance for similar mining heritage development projects in the future.

Keywords: mining heritage; improved matter–element extension model; normalization process; the PPP mode; structural equation model (search for similar items in EconPapers)
JEL-codes: C (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)

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