Abstract
The depletion of non-renewable natural resources (primarily mineral and energy resources) and its assessment is a problem that is analyzed based on the concept of sustainable development. Mineral resource depletion assessment is particularly important for resource-based economies. It provides for assessing the impact of mineral asset disposal that results from the suspension or termination of operations conducted by a mining company due to insurmountable circumstances. The results of such an event will be manifested at the national, regional, and local levels and felt by mining companies, suppliers, workers, the population of the territory, and other stakeholders. The study clarifies the attributes and essence of mineral resource depletion, analyzes the advantages and limitations of the existing tools for assessing mineral resource depletion, identifies depletion factors, describes a methodology for assessing mineral resource depletion, and contains a case study of a tin deposit. The results of the study contribute to the development of the theory on the depletion of non-renewable natural resources. They provide for assessing losses to social wellbeing that can be caused by stopping the use of profitable mineral reserves.
Highlights
The paradigm of sustainable development (SD) has been understood by the majority of developed and developing countries
The depletion of Mineral resources (MRs) should be understood as a decrease in the economic, social, and environmental effects that contribute to social wellbeing which is caused by the disposal of profitable mineral assets (MAs) due to the influence of various factors
The results of the analysis conducted in the course of the study show that the existing mineral resource depletion (MRD) assessment methods have significant drawbacks, which is confirmed by the example of calculating indicators for a tin deposit
Summary
The paradigm of sustainable development (SD) has been understood by the majority of developed and developing countries. There is no single opinion as to the issue of mineral resource depletion (MRD); this can be seen in the opposing views surrounding the roles that mineral resources have played in the sustainable development of individual countries and the global economic system in general. These views are reflected both in the state policies of economically developed countries and developing resource-based economies (RBEs) and in the methodologies for assessing the depletion of non-renewable natural resources. With regard to energy resources, the EU has been consistently working on reducing greenhouse gas emissions and replacing
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