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Diamond mining in the Arctic: the impact of industrial potential upon the socioeconomic systems
Grigor'eva Elena Eduardovna

PhD in Economics

Leading Scientific Associate, Institute of Regional Economy of the North, Ammosov North-Eastern Federal University

677008, Russia, respublika Sakha (yakutiya), g. Yakutsk, pr. Lenina, 1, kab. 707

elena.grigoreva80@mail.ru

Abstract.

The object of this research is the diamond mining companies that operate in the territory of the Russian Arctic. The goal is to determine the impact of industrial capacity upon the socioeconomic development of the local territories with diamond mines. In the current market conditions, the relations between local authorities and mineral developers are poorly established. The problematic of the response of diamond mining companies to the budget process of the resource region is not sufficiently researched. The high increase in the costs of the industry of the Arctic regions defines the development possibility of enterprises only for high liquidity industries, one of which is commercial diamond mining. The author assesses the industrial capacity of diamond mining enterprises in the Arctic zone based on the set of quantitative indexes, and highlights macroeconomic factors impacting sales of diamond products on the global diamond market. The proposed methodological approach toward assessment of industrial capacity of the enterprises allows conducting comparative analysis of their impact upon the social sphere. The research results demonstrate that the industrial capacity of diamond mining companies carries varying impact upon the socioeconomic development of the following municipal regions: Anabarsky, Bulunsky, Olenyoksky and Zhigansky districts of Yakutia. Analysis of the industrial and financial capacity demonstrated that there are reserves available for increasing social and environmental costs.

Keywords: resource region, extractive industry, potential, diamond mining, assessment, corporate social responsibility, municipality, social license, budget, arctic zone

DOI:

10.7256/2454-0730.2018.3.26764

Article was received:

04-07-2018


Review date:

05-07-2018


Publish date:

31-10-2018


This article written in Russian. You can find full text of article in Russian here .

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