Abstract
The subject of the article is the search for an effective strategic solution within the framework of sustainable development of gold mining enterprises belonging to small and medium-sized mining businesses. The purpose of the study is to analyze the problem and provide a theoretical justification for the feasibility of horizontal integration for this category of gold mining enterprises. The scientific article reveals the processes of development of the gold mining industry, taking into account the state of the mineral resource base of placer gold. The role of horizontal integration and the feasibility of its application in the framework of enterprises belonging to small and medium-sized mining businesses are outlined. A method for evaluating the effectiveness of a horizontally integrated gold mining enterprise is proposed, taking into account potential synergetic effects and the possibility of production diversification. These approaches, even at the project stage, will allow us to assess the feasibility and effectiveness of the planned consolidation.
Highlights
Modern economic growth in Russia is directly related to the level of development of the most important, strategic sectors of the national economy, including mining of precious metals
The national economy is going through a difficult period, overcoming domestic problems, and international ones caused by the tense political situation
The search for effective directions for the development of national gold mining enterprises is necessary for the formation of sustainable economic growth and improvement of the economic activity of the industry as a whole
Summary
Modern economic growth in Russia is directly related to the level of development of the most important, strategic sectors of the national economy, including mining of precious metals. When using external growth strategies companies activate their own strengths and are able to use the opportunities provided to them more effectively [1, 2] These issues are relevant in connection with the emergence of new requirements for the methods of strategic management of gold mining enterprises in the context of crisis events and unstable development of the modern economy. The volume of alluvial gold production has remained approximately at the same level and currently accounts for about 29 % of the total production in the country During this period, there was a constant, small, increase in production volumes, amounting to a total of 70-72 tons of gold per year, which indicates a certain stabilization of the industry as a whole. The second option can be implemented by merging a small or medium sized company with a larger gold mining enterprise [7]
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