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Setting up the mechanism for evaluating the development of gold mining plants through the analysis of the existing methodological approaches

Vol. 16, Iss. 12, DECEMBER 2020

Received: 17 September 2020

Received in revised form: 5 October 2020

Accepted: 20 October 2020

Available online: 15 December 2020

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: O13, Q52

Pages: 2303–2325

https://doi.org/10.24891/ni.16.12.2303

Chang Chi Sergo Ordzhonikidze Russian State University for Geological Prospecting (MGRI), Moscow, Russian Federation
282694629@qq.com

https://orcid.org/0000-0002-7149-8323

Zaernyuk V.M. Sergo Ordzhonikidze Russian State University for Geological Prospecting (MGRI), Moscow, Russian Federation
zvm4651@mail.ru

https://orcid.org/0000-0003-3669-0907

Subject. The article gives a theoretical and practical view of the positive effect sustainable development drivers have on economic indicators of a business, environment and the relationship with stakeholders.
Objectives. We devise a technique for evaluating the sustainable development of gold mining enterprises.
Methods. Theoretical projections are based on the content-analysis of scientific editions on the subject, critical analysis of available approaches to defining and studying the subject, statistical analysis, and expert assessments.
Results. We suggest using a set of indicators to evaluate the sustainable development of gold mining enterprises, determine the sequence and key principles to follow in determining weight coefficients of group indicators, and the list of references which may contribute to the subject at the moment or in the future. The technique can be supplemented and adjusted, with the result computation algorithm remaining unchanged.
Conclusions and Relevance. We devised the technique for evaluating the sustainable development of gold mining enterprises. The technique is based on the comprehensive use of statistical and expert assessments, implying the computation of the general index, which account for four aspects of sustainable development – economics, technology, environment and society. It gauges how an enterprise progresses in terms of its sustainable development. This accumulates relevant information and analytical data to evaluate the overall efficiency of sustainable development in gold mining.

Keywords: gold mining, sustainable development, environmental management

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