REGIONAL DEVELOPMENT IN THE CONTEXT OF EXPLOITATION OF MINERAL WEALTH OF A COUNTRY

Michal Cehlar () and Lucia Mihok ()
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Michal Cehlar: Technical University of KoSice, Letna 9, 040 01 KoSice, Slovak Republic
Lucia Mihok: Technical University of KoSice, Letna 9, 040 01 KoSice, Slovak Republic

Theoretical and Empirical Researches in Urban Management, 2013, vol. 8, issue 4, 60-72

Abstract: The purpose of this paper is to identify and quantify the economic, technological and legislative factors of mineral resources and create a model for the rational use of mineral resources. The rationality is to be understood in the context of its possible applications in terms of the owner of the mineral resources and the state mining company, and the regional impacts which significantly affects the development of cities in the region). Raw materials are an essential resource for the development of an industrial infrastructure in the region. Their price and the availability of technology determine the level of cost incurred in the construction, which is directly linked to the efficiency of investment. Rational utilisation and maintaining sustainable development of the limited and non-renewable raw materials is an objective during creating the Raw Materials Policy in the region. Analysis and synthesis are used at all stages of problem solving in the work. Analysis of a thought process of breaking down the problem studied into smaller parts, elements, characters to reveal their essence. For large amounts of data and context aims to allocate capital, essential that illuminates the essence of the entire studied event and its causes. Models, which are located in this paper resulting directly applicable and acceptable in legislative decision-making on utilization of mineral resources in terms of development of the region. A limiting factor in the decision making process is to identify political risk services, resulting from the possibility of changes in legislation due to social acceptance wishes to achieve political maximize profitability. Originality of the paper is in the progressive approach to solving the problems of managing the use of mineral resources in the context of regional development. It is absolutely fresh look and long-awaited tool for objective assessment of the importance of mineral resources when deciding on regional development acceptable from the standpoint of the state.

Keywords: raw materials policy; mining company; plans opening; preparation and extraction; economic and technological assessment; regional development. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:terumm:v:8:y:2013:i:4:p:60-72

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