Mineral Resource Depletion Assessment: Alternatives, Problems, Results

Tatiana Ponomarenko, Marina Nevskaya and Izabela Jonek-Kowalska
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Tatiana Ponomarenko: Department of Organization and Management, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia
Marina Nevskaya: Department of Organization and Management, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia
Izabela Jonek-Kowalska: Department of Economics and Informatics, Silesian Technical University, 41-800 Zabrze, Poland

Sustainability, 2021, vol. 13, issue 2, 1-15

Abstract: The depletion of non-renewable natural resources (primarily mineral and energy resources) and its assessment is a problem that is analyzed based on the concept of sustainable development. Mineral resource depletion assessment is particularly important for resource-based economies. It provides for assessing the impact of mineral asset disposal that results from the suspension or termination of operations conducted by a mining company due to insurmountable circumstances. The results of such an event will be manifested at the national, regional, and local levels and felt by mining companies, suppliers, workers, the population of the territory, and other stakeholders. The study clarifies the attributes and essence of mineral resource depletion, analyzes the advantages and limitations of the existing tools for assessing mineral resource depletion, identifies depletion factors, describes a methodology for assessing mineral resource depletion, and contains a case study of a tin deposit. The results of the study contribute to the development of the theory on the depletion of non-renewable natural resources. They provide for assessing losses to social wellbeing that can be caused by stopping the use of profitable mineral reserves.

Keywords: mineral resources; mineral assets; non-renewable resources; depletion; sustainable development; mineral resource rent; cost–benefit analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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