Defining chromite ore production trend by CCD method to reach sustainable development goals in mining sector, Iran

Mehrdad Soleimani and Behshad Jodeiri Shokri ()

Mineral Economics, 2015, vol. 28, issue 3, 103-115

Abstract: In the 20-years vision document of sustainable development of Iran, or the 2025 development vision document, the most important aim is to become the first industrialized country in the Middle East in 2025. This study aims to define production trend in mining section, especially chromite ore, to reach the goals of sustainable development plan in mining section of Iran. In the first step, chromite market conditions of Iran including production and consumption were defined. Then its place toward the other countries in the region and the world had been cleared. Finally, a dynamic panel estimation technique was employed using relevant data from chromite producing countries. Lifetime of reserves, chromite production, Hubert curve, curve of price of the metal, intensity of use factors, supply and demand, and finally the socio-economic changes were selected as decision making criteria. These parameters were optimized by CCD method. The results from the panel regressions reveal that Iran should reach the goals of sustainable developments in this section by four steps. Besides, it should reduce its chromite production to extend chromite reserves lifetime, produce more ferrochrome to make added value, not to export anymore chromite ore and finally smooth its political condition. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: Sustainable development; Mining sector; Chromite ore; Dynamic planning; Depletion mid-point (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s13563-015-0066-z

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