Abstract

In recent decades, raw materials companies occupy leading positions in world ratings, largely determining the economic situation of their home countries. The rapid growth of digital companies’ position in the global economy does not detract from the role of raw materials production, which develops using modern technologies and adheres to the principles of sustainable development. The paper analyzes the position of leading foreign and domestic raw materials companies in the world rankings; examines the features of mining regions functioning, in particular, coal mining regions (on the example of the Kemerovo region, Western Siberia, Russia), and the prospects for their long-term development. Proposals for long-term development of coal mining regions are formulated.

Highlights

  • The rapid development of digital technology and the fourth industrial revolution substantially change the competitive position of countries and regions

  • This paper is aimed at studying the scale of functioning of mining companies and their role in the development of particular regions, as well as the features and prospects of development of mining regions

  • The work is based on the analysis of information and analytical materials of the Federal State Statistics Service, the Federal Antimonopoly Service of the Russian Federation, Russian and foreign rating agencies, consulting companies, as well as research results of

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Summary

Introduction

The rapid development of digital technology and the fourth industrial revolution substantially change the competitive position of countries and regions. The states and territories with significant reserves of demanded mineral resources have a great potential to preserve and even improve their social and economic status in the foreseeable future [1]. This paper is aimed at studying the scale of functioning of mining companies and their role in the development of particular regions, as well as the features and prospects of development of mining regions (on the example of the Kemerovo region, Western Siberia, Russia)

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