Open AccessSpecific Aspects in Assessing Economic Feasibility of Rare Earth Mining
Author(s) -
V. A. Yatsenko
Publication year - 2020
Publication title -
mir èkonomiki i upravleniâ
Language(s) - English
Resource type - Journals
eISSN - 2658-5375
pISSN - 2542-0429
DOI - 10.25205/2542-0429-2020-20-4-138-152
Subject(s) - rare earth , investment (military) , raw material , natural resource economics , business , earth science , environmental economics , economics , geology , political science , chemistry , organic chemistry , politics , law
An important up-to-date feature of the resources sector development is a rapid change of types and raw material sources as well as a wide range of conditions in which the processes of mineral resources development take place. The sources of rare earth elements are not an exception because the innovative nature of their development implies the use of new knowledge, technologies and approaches. Moreover, from an economic perspective, like any investment projects, such sources of raw materials require feasibility assessment and their investment effectiveness. Based on the above, the article analyzes an economic assessment of the development of new source of rareearth elements by the example of the Burann area of the Tomtor deposit in the Republic of Sakha (Yakutia).