Abstract
This article highlights theoretical and practical aspects of financial stability of modern domestic and foreign industrial companies with full cycle of extraction and processing of minerals.
 It was detected that nowadays there is no clearly developed system of quantitative and target indicators of management of sustainable and efficient development of modern domestic and foreign industrial companies in conditions of uncertainty, economic instability and aggressive business environment.
 Basing on the usage of world’s experience of usage of key models of multiple discriminatory analysis of assessment of probability of bankruptcy, we have developed relevant recommendations that disclose influence of negative trends on peculiarities of functioning of modern industrial leading companies and probability of termination of their activity in the nearest future.
 Received scientific results and relevant financial and economic calculations must be used in context of making justified management decisions in modern industrial companies concerning provision of their successful functioning and increasing of the efficiency of their business activity with the possibility of strengthening of competitor positions on the external market of iron ore raw materials by means of implementation of programs of financial rehabilitation and anti-crisis measures in order to solve the priority tasks of updating energy-intensive and physically-worn technological complexes.
 Basing on system research, the authors proposed scientific and methodical approach to substantiation of influence of key aspects of functioning of modern industrial domestic and foreign companies on the efficiency of their activity considering implementation of financial strategies of support and further effective usage of mineral deposits in difficult economic conditions.
Highlights
That is why the successful functioning of modern industrial companies must be ensured through the wide introduction of resource and energy-saving technologies, which involves solving such issues as drawing up a balance on mineral raw materials; creation of conditions for the attraction of all mineral resources in economic turnover with maximum usage of their waste and utilization of inevitable residues; taking into account all possible sources of mineral raw material production, natural, and man-made origin
The problem is in the assessment, and in the formation of an effective strategy for the further development of mineral deposits from the point of view of ensuring the competitiveness of commodity products and the possibility of increasing its competitive advantages in the European and world market of iron ore raw materials. This points to the priority of investigation of peculiarities of functioning of modern industrial companies, in particular their macro-environment and internal potential, substantiation of conduction of a well-balanced financial and economic policy to make it impossible to terminate their activity in the nearest future, using the application of bankruptcy probability forecasting models and methodology of PEST and SWOT analysis considering trends of sustainable development and instability of price characteristics in the foreign market of iron ore in recent years
The comprehensive analysis results make us conclude that in case of preservation of current negative tendencies of price decreasing for the iron ore rew materials causing the demand fall, one can observe the reduction of competitive advantages of leading industrial companies, especially Ukrainian ones, in conditions of ongoing destabilizing of the global economy and the world iron ore market
Summary
Analysis of scientific works and practice of modern industrial companies, which extract and process iron ore, shows that there is a number of characteristic problems, conditioned by a significant increase in costs for extraction of minerals in an open way considering the achievement by quarries of depths of 400 meters or more; limited opportunities in intensification of industrial processes because of shortening the scale of the work, including solving the problem of the formation of optimal quarry ore flows and ensuring the reliability of operation of mining transport complexes on the background of significant wear coefficients in the context of increasing the efficiency of iron ore production under adverse conditions; the reduction of grounded research on the prospects of further effective usage of open mining technology over the past 30 years, and, the lack of proper practical experience in conducting mining at high depths; the lack of proven scientific and methodological recommendations for the design of further development of mining operations in deep quarries on the basis of the observance of optimal financial and economic indicators of management, which make it impossible to terminate the activity of industrial companies in the nearest future. The problem is in the assessment, and in the formation of an effective strategy for the further development of mineral deposits from the point of view of ensuring the competitiveness of commodity products and the possibility of increasing its competitive advantages in the European and world market of iron ore raw materials This points to the priority of investigation of peculiarities of functioning of modern industrial companies, in particular their macro-environment and internal potential, substantiation of conduction of a well-balanced financial and economic policy to make it impossible to terminate their activity in the nearest future, using the application of bankruptcy probability forecasting models and methodology of PEST and SWOT analysis considering trends of sustainable development and instability of price characteristics in the foreign market of iron ore in recent years. - more accurate prediction than of the - the peculiarities of Ukraine’s stock market are not previous Altman model
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
