Opportunities and prospects for the development of the mineral resource sector of the eastern and southern economic zones of Tyva
D.F. Dabiev1, N.S. Gichiev2, I.E. Otvagina3, S.V. Khertek4
1 Biosphere Research Center, Kyzyl, Russian Federation
2 Institute of Socio-Economic Research of the Dagestan Federal Research Center of the Russian Academy of Sciences, Makhachkala, Russian Federation
3 Novosibirsk State University of Economics and Management, Novosibirsk, Russian Federation
4 Tuvan State University, Kyzyl, Russian Federation
Russian Mining Industry №4 / 2025 p. 140-143
Abstract: An economic assessment of mineral deposits of the unallocated subsoil reserve fund of the eastern and southern economic zones of Tuva was carried out using the discounted cash flow method, which showed that ore gold deposits remain the most attractive assets from the investor’s point of view. At the same time, the assessment shows a low potential for the development of the Bayan-Kola deposit of nepheline ores and the Ulug-Tanzek tantalum-niobium deposit. This is due to the remoteness of these mineral deposits from the transport and energy infrastructure of the region. In order to increase the investment attractiveness, we have proposed the public-private partnership (PPP) tool, in which the taxes on the operating costs, e.g. the mineral extraction tax, social contributions, etc., are excluded for projects with low profitability for the first three years of the company's operation. The performed assessment shows that in this case the profitability for the Ulug-Tanzek tantalumniobium deposit increases significantly, i.e. the NPV increases to 14.9 billion rubles, while the IRR goes up to 15%. However, application of the same scenario for the Bayan-Kola deposit is insufficient for its development. Therefore, gold ore deposits have significant investment attractiveness, and deposits of non-ferrous, rare and rare earth metals are not characterized with such a high profitability, which is associated with high capital intensity of the mining projects, the lack of energy and transport infrastructure, which generally increase the financial risks of the project implementation. In order to increase the investment attractiveness of the mineral deposits in hard-to-reach areas, we propose the PPP tool in the form of a temporary tax exemption (from 3 to 5 years).
Keywords: potential assessment, mineral resource region, Tyva, Bayan-Kol, Ulug-Tanzek, gold, transport infrastructure, energy infrastructure
For citation: Dabiev D.F., Gichiev N.S., Otvagina I.E., Khertek S.V. Opportunities and prospects for the development of the mineral resource sector of the eastern and southern economic zones of Tyva. Russian Mining Industry. 2025;(4):140–143. (In Russ.) https://doi.org/10.30686/1609-9192-2025-4-140-143
Article info
Received: 26.04.2025
Revised: 05.06.2025
Accepted: 23.06.2025
Information about the authors
David F. Dabiev – Cand. Sci. (Econ.), Senior Researcher, Biosphere Research Center, Kyzyl, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Nabiyula S. Gichiev – Cand. Sci. (Econ.), Senior Researcher, Head of the Department of Theory and Methodology of Regional Development, Institute of Socio-Economic Research of the Dagestan Federal Research Center of the Russian Academy of Sciences, Makhachkala, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Irina E. Otvagina – Cand. Sci. (Econ.), Associate Professor of the Department of Information Technology, Novosibirsk state University of Economics and management, Novosibirsk, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Shenne V. Khertek – Cand. Sci. (Econ.), Associate Professor of the Department Accounting, analysis and auditing, Tuvan State University, Kyzyl, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
References
1. Дабиев Д.Ф. Оценка развития горных регионов России. Горная промышленность. 2022;(2):81–83. https://doi.org/10.30686/1609-9192-2022-2-81-83 Dabiev D.F. Assessment of the development of the mountain regions of Russia. Russian Mining Industry. 2022;(2): 81–83. (In Russ.) https://doi.org/10.30686/1609-9192-2022-2-81-83
