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National Interests: Priorities and Security
 

Quantitative assessment of the factors determining the sustainable development of the gold industry

Vol. 18, Iss. 7, JULY 2022

Received: 27 March 2022

Received in revised form: 19 May 2022

Accepted: 18 June 2022

Available online: 14 July 2022

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: O13, Q52

Pages: 1354–1373

https://doi.org/10.24891/ni.18.7.1354

Viktor M. ZAERNYUK Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
zvm4651@mail.ru

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

Chang CHI Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
282694629@qq.com

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

Subject. This article deals with the issues of optimal use of non-renewable natural resources and particularities of the development of gold mining enterprises in Russia.
Objectives. The article aims to develop a methodology for quantifying the impact of key factors determining the sustainable development of gold mining enterprises.
Methods. For the study, we used general scientific research methods.
Results. The article presents an assessment of the importance of each particular factor of sustainable development of the gold industry.
Conclusions. The cost of gold mining and production is the most important indicator reflecting the level of development of the gold industry in Russia.

Keywords: mineral resources, econometric model, economic efficiency, raw data normalization

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