The Concession Agreement as a Form of Involving Small Private Companies into the Effective Management of State Property

Abstract

Introduction, Purpose. The relevance of the study lies in the fact that the accumulated waste mining production, containing valuable components in industrial quantities, and can be subject to subsoil use, and, therefore, are objects of state ownership. This study began with the formulation of the problem denote the fact and reasons of inefficient and even wasteful use of mineral resources due to inefficient management of state property. In accordance with the problem defined the purpose of the study is the proposal of measures for effective management of state property. Determined that the licensing system existing in the Russian Federation, have shown their high efficiency in the development of large mineral deposits, but for the development of small man-made deposits it is not effective. Thus, we are faced with the problem of inefficient management of non-traditional objects of subsoil belonging to the state ownership. In accordance with the purpose of this study is to define the object - waste mining and processing industries, and the subject - the relationship between the state and the investor, on the basis of which the investment and management of state property in the subsoil. Methods. Research methodology related to the analysis of legal forms of relations between state and investors, on the basis of which the investment and management of state property. The study was the data of Rosstat, sectoral ministries and agencies, normative legal acts. The theoretical basis of the study relied on the work of authors such as Pine S. A., Stepanova N. G., Kondrat’ev V. B., Zhukov N. S. Varnavskiy, V. G., and others. Results. The results of the study formed the conclusion about possibility of application of the concession agreement in the subsoil in relation to the development of waste mining and processing production containing minerals. Discussion. The main results of the study may be of practical interest in developing innovative projects to support the country’s transition to sustainable development, in particular in relation to the use of waste mining and related processing industries. The creation of the production system of development of technogenic resources can become a point of growth of the Russian economy and appropriate institutional provision to promote economic growth based on innovation.