Mechanisms for stimulating the implementation of projects in the sphere subsurgery waste handling

Background. The generalization of available information on the volumes of mineral resource waste accumulated in Russia and its use presents a relevant research task. In this regard, an analysis of the current level of use of accumulated mineral resource waste, as well as existing approaches to stimulating the involvement of that waste in economic circulation, is required.

Aim. To substantiate the introduction of adequate and working mechanisms that would stimulate activities for the implementation of projects in the field of mineral resource waste management.

Materials and methods. The present study is based on a systematic analysis of the current Russian regulatory framework in the field of the management of mineral resource waste, relevant scientific publications, as well as the data from the State reports “On the state and protection of the environment of the Russian Federation”.

Results. The level of use of the accumulated mineral resource waste, despite its high resource potential, is two times lower than that in economically developed countries. An analysis of the reasons behind the low level of involvement of various types of mineral resource waste in economic circulation is provided. These reasons include the presence of administrative barriers in obtaining the right to use mineral resource waste and the lack of tax benefits and preferences, as well as the absence of mechanisms for obtaining preferential loans for mineral resource users implementing projects for the processing of such waste. The need to improve the current procedure for obtaining the right to use mineral resource waste objects by introducing a relative declarative is indicated. An analysis of the current mechanisms of tax incentives, guarantee, leasing and financial support for companies implementing projects for processing mineral resource waste is carried out. The insufficiency of these mechanisms and the need to provide additional tax benefits and preferences to such entrepreneurs is pointed out, including the introduction of differentiated MET (mineral extraction tax) rates. In addition, the possibility of using “green” financing mechanisms to stimulate the implementation of projects for the processing of man-made deposits, attracting “long” and “cheap” credit resources in the Russian and international debt financing markets, is analysed.

Conclusion. Stimulating mechanisms for the implementation of projects in the field of mineral resource waste management are proposed, providing for the introduction of a simplified (declarative) procedure for granting small and medium-sized businesses the right to use mineral resource plots represented by man-made objects without bidding and one-time payments, as well as a differentiated approach to the collection of mineral extraction tax in the development of man-made deposits, and the use of “green” financing approaches to attracting concessional credit resources for the implementation of such projects.

1. Bloshenko T.A. Determination of differential tax rates on the tax on the extraction of minerals in the extraction of useful components from technogenic and natural deposits  // Economy and Entrepreneurship. 2017. No. 4, part 2 (81-2). P. 235—240.

2. Ignatieva I.A. Correction of technical errors in the license for the use of subsoil: legal regulation and problems  // Business, management and law. 2017. No. 1—2. P. 68—75.

3. Miroshnichenko A.V. Greening awaits debt markets  // Kommersant. Appendix “Regeneration”. 2020. No. 52. P. 4.

4. Nadymov D.S. Development of an organizational and economic mechanism for the development of technogenic deposits with the involvement of the potential of state development institutions.  / Dissertation for the degree of Cand. econom. sciences. St. Petersburg, National Mineral Resources University “Mining”, 2015.

5. Polyanskaya, I. G., Yurak, V. V. & Strovsky, V. E. (2019). Considering Mining Wastes as a Factor of Increasing the Balance Level of Subsoil Management in Regions. Ekonomika regiona [Economy of region]. 2019. T. 15. No. 4. P. 1226—1240.

6. Prosvirina I.I., Dovby N.S. Choice of sources of traditional and “green” financing of the best available technologies // Financial Journal. 2020. T. 12. No. 4. P. 101—116.

7. Rational use of secondary mineral resources in conditions of greening and implementation of the best available technologies: monograph / team of authors; under scientific. ed. d. e. D., prof. F.D. Larichkina, Doctor of Economics D., prof. V.A. Knysha. Apatity: Publishing house of the Federal Research Center of the KSC RAS, 2019. 252 p.

8. Ulanov A.Yu., Bakhmin V.I., Korobova O.S. On the improvement of the subsoil waste management system  // Mining information and analytical bulletin, 2020. No. 6. P. 48—55.

9. Shaidurova A.A. Using the experience of China in the field of financing green projects on the way to sustainable development of the Russian economy  // Financial Markets and Banks. 2020. No. 2. P. 45—50.

10. Yumaev M.M. Mineral extraction taxation: from differentiation to a new concept // Tax policy and practice. 2011. No. 11. P. 60—64.

11. Yumaev M.M. The main provisions of the new concept taxation of the mineral resource complex in the context of development innovative economy // Finance. 2010. No. 12. P. 34—39.

12. Yukhimova Ya.Ya. Taxation of mining solid minerals Fossils: World and Domestic Experience  // Mining Journal. 2008. No. 5. P. 23—28.