Main results of the diamond, precious metal, and base metal mineral resource base reproduction using the declarative principle of licensing

Abstract

The article presents the results of geological exploration for diamonds, precious metals, and base metals, conducted in the Russian Federation in consistence with licenses granted based on the declarative principle, beginning from the moment this mechanism was introduced. Key aspects of changes in the legislative regulation of this mechanism are represented. The information on the planned and factual financing of these works, on the number of the issued licenses, and on the respective increase in the resources and reserves of precious metals is provided. Specific (unit) indicators of the mineral reserve increase and of the respective costs were proposed, based on which the effectiveness of geological exploration was determined for projects performed in administrative subjects of the Russian Federation in consistence with the licenses granted by the declarative principle. Problems in implementation of the mechanism were identified. Recommendations for elimination of these problems are proposed.