Abstract
The aim of this study is to examine the relationship between diversification strategies implementation and sustainable development goals of mining companies of Eurasian mining region in modern conditions. Today Eurasia is very rich region with minerals-driven sustainable development goals and challenges. In this case it is important to improve strategies of mining companies of Eurasia and to listen to the biggest companies` experience. Diversification strategy is one of the most progressive way to develop mining companies wherein Global Sustainable Development Goals must be considered. Diversification of the enterprise could be realized in such ways: as the extension of its business activities to new areas or as the capital diversification — diversification of assets in company’s investment portfolio. Over the past two years, from 2017 to the beginning of 2019, the number of diversified companies in the TOP 30 Mining companies of the world, according to the PWC consulting company and the Mining[dot]com resource, increased from 8 to 13. Thus, it is important to study the possibilities and features of implementing diversification strategies for mining enterprises of Eurasian mining region. In research it is presented the algorithm of the model, compiled on the basis of the development as applied to solving the problem of diversification of a mining enterprise.
Highlights
In spite of the strong operating performance, both investors and consumers seem to be down on the brand of mining
Eurasia has recovered from the recession of the 1990s and is integrating into the world economy—primarily through its abundant natural resources
The resource-rich countries of Eurasia have benefited from global economic growth
Summary
In spite of the strong operating performance, both investors and consumers seem to be down on the brand of mining. Discrete events, such as safety or environmental incidents, have contributed to these challenges While they appreciate the efforts to improve operations and engineer superior results, it is clear that investors and other stakeholders are concerned that the industry is lagging when it comes to several factors that have not been a traditional focus of the mining industry. We don’t see any signs of a quantum shift in priorities that will allow the industry as a collective to keep pace with changes delivered in other sectors Without such a shift, we expect the growing awareness gap between the brand of mining and the benefits of mining to continue to widen
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