Factors of Investment Attractiveness of Mining Industries: Methodology Identification and Assessment

Tver State Technical University, 170026, Af. Nikitin emb., 22, Tver, Russia

^* Corresponding author: alvovich@mail.ru

Abstract

In this study, we consider the highly relevant and, to a large extent, the debatable problem of the investment attractiveness of the subsoil use sphere and, above all, the investment attractiveness of mining enterprises. At the same time, attention is drawn to the fact that the development of mineral resources, unlike any other type of production activity, has its own specifics. It consists primarily in the fact that, along with such factors of production as capital and labor, which constitute the material basis of all production, the most important factor of production inherent in subsoil use is the subsoil itself. And it is their qualitative condition that determines to a large extent the results of the economic activity of mining enterprises. It is clear that without a comprehensive theoretical analysis of the role of the natural factor in the production process, as well as other objective and subjective factors, it is practically impossible to create a reliable theoretical basis for the development of practical measures, the implementation of which could significantly improve the investment attractiveness of extractive activities. Particular attention is paid to the methodology and methods for identifying and differentiating by specific signs specific barrier and restrictive factors that are considered in the investment process in the form of an unsystematic component of investment risk. It is shown that the results of a study of the nature of the influence of industry-specific factors on investment attractiveness are the basis for the development of specific measures to eliminate or minimize barriers to investment.