Methodology of comprehensive efficiency assessment of Russian mining companies
Nikolay Y. Chernegov1,2, Anna V. Ovsyannikova3, Irina Kh. Utakaeva3
1 Sergo Ordzhonikidze Russian State University for Geological Prospecting, Moscow, Russian Federation
2 Moscow Innovative University, Moscow, Russian Federation
3 Financial University under the Government of the Russian Federation, Moscow, Russian Federation
Mining Industry Journal (Gornaya Promyshlennost) №5/ 2026 p. 82-89
Summary: The purpose of the study is to assess the integrated economic efficiency of the Russian mining companies, its importance natural environment. A comparison of interpretations of this category has been carried out, and a conclusion has been drawn about a simplified approach to assessing the efficiency of the Russian mineral resource complex from the perspective of the the economic entities and the society is shown, for which a formal financial assessment is not sufficient. The currently used the study differs from other developments in its system-based approach. This approach has become a method of building a set of the efficiency elements. The content of technological, environmental, social and economic factors of the mineral resource complex is described in combination with its financial performance indicators. These components in operation of the Russian mining companies required the development of a fundamentally new methodological approach to a comprehensive efficiency assessment of their activities. Differences in the efficiency are also taken into account from the perspective of companies and the complex of the Russian Federation. The most significant parameters are also modeled that characterize each element qualitatively or quantitatively. A scheme is provided for integrated evaluation of this set of elements and their indicators. The proposed system of elements for assessing the efficiency of mining companies and the approach to assessing national economic efficiency include a consideration of the most significant aspects of subsurface use, i.e. the technological, environmental, socio-economic, financial, budgetary ones. Conclusions are made on the need to use this approach in practical activities of the companies and the national economy.
Keywords: mining companies, mineral resources sector, useful minerals, mining waste, environmental well-being, comprehensive performance evaluation, processing technologies, mineral resources
For citation: Chernegov Nikolay Y., Ovsyannikova Anna V., Utakaeva Irina Kh. Methodology of comprehensive efficiency assessment of Russian mining companies. Mining Industry Journal (Gornaya Promyshlennost). 2026;(5):82–89. https://doi.org/10.30686/1609-9192-2026-5-82-89
Article info
Received: 09.05.2026
Revised: 22.06.2026
Accepted: 20.07.2026
Authors info
Chernegov Nikolay Y. – Cand. Sci. (Econ.), Associate Professor, Department of Economics of Mineral Resources Sector, Sergo Ordzhonikidze Russian State University for Geological Prospecting, Moscow, Russian Federation; Moscow Innovative Univer- sity, Moscow, Russian Federation; https://orcid.org/0000-0001-9950-8338; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ovsyannikova Anna V. – Cand. Sci. (Educ.), Associate Profes- sor of the Department of Mathematics and Data Analysis, Financial University under the Government of the Russian Federation, Moscow, Russian Federation; https://orcid.org/0000-0002-1716-3100; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Utakaeva Irina Kh. – Cand. Sci. (Phys.&Math.), Associate Professor of the Department of Mathematics and Data Analysis, Financial University under the Government of the Russian Federation, Moscow, Russian Federation; https://orcid.org/0000-0002-0201-812X; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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