Mining of Mineral Deposits

ISSN 2415-3443 (Online)

ISSN 2415-3435 (Print)

Flag Counter

Review of mineral resource management in a circular economy infrastructure

Viktor Koval1, Halyna Kryshtal2, Viktoriia Udovychenko3, Olha Soloviova4, Oksana Froter5, Viktoriia Kokorina6, Liudmyla Veretin7

1Izmail State University of Humanities, Izmail, Ukraine

2Interregional Academy of Personnel Management, Kyiv, Ukraine

3Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

4Institute of Social and Economic Transformation, Kyiv, Ukraine

5Uman National University of Horticulture, Uman, Ukraine

6Dnipropetrovsk State University of Internal Affairs, Dnipro, Ukraine

7National University of Water and Environmental Engineering, Rivne, Ukraine


Min. miner. depos. 2023, 17(2):61-70


https://doi.org/10.33271/mining17.02.061

Full text (PDF)


      ABSTRACT

      Purpose is to substantiate foundations of sustainable management of mineral resources while implementing a circular economy model.

      Methods. The study has applied following research approaches: synthetic method (unification of the singled out aspects); induction method (analysis of a circular economy features); life cycle assessment (evaluation of the product influence on the environment from the viewpoint of each stage of its life cycle); circular economy toolkit (determination and evaluation of the periodicity of circular economy products and indicators); and circular economy indicator prototype (evaluation of the cyclic product efficiency).

      Findings. Circular economy is one of the key directions of a sustainable development policy as for conservation and protection of mineral resources; it is aimed at more efficient use and improvement of raw material extraction from industrial waste. Formation of a market infrastructure of the circular economy has been proposed based upon mining sector waste use to process it and reduce as well as to repurpose wasteless production and secondary processing of raw materials. The need has been substantiated to contribute to conservation of mineral resources for their sustainable use on the basis of the development of market infrastructure of a stable economy and mining sector waste use to process it and reduce as well as to repurpose wasteless production and secondary processing of raw materials.

      Originality. A concept for further development of the circular economy market infrastructure has been specified as a platform of production waste supply/demand to optimize the use and conservation of mineral resources on the principles of sustainable growth. It has been proposed to analyze assessment of business development along the lines of a circular economy while calculating parameters when manufacturing is applying primary mineral resources and industrial waste as a raw material for its further processing.

      Practical implications. The proposed approach of interaction between economic entities on the basis of a circular economy will provide rational use of mineral resources and contribute to the development of a sector of industrial waste processing. The abovementioned will help terminate decrease in the availability of mineral resources and form new milestones of social development on the principles of environmental friendliness and rationalism in the process of interaction with nature.

      Keywords: circular economy, mineral resources, rational use, market infrastructure


      REFERENCES

  1. Koval, V., Mikhno, I., Udovychenko, I., Gordiichuk, Y., & Kalina, I. (2021). Sustainable natural resource management to ensure strategic environmental development. TEM Journal, 10(3), 1022-1030. https://doi.org/10.18421/TEM103-03
  2. Akimova, L., Akimov, O., Maksymenko, T., Hbur, Z., & Orlova, V. (2020). Adaptive management of entrepreneurship model as a component of enterprise resource planning. Academy of Entrepreneurship Journal, 26(3), 1-8.
  3. Atstaja, D., Koval, V., Grasis, J., Kalina, I., Kryshtal, H., & Mikhno, I. (2022). Sharing model in circular economy towards rational use in sustainable production. Energies, (15), 939. https://doi.org/10.3390/en15030939
  4. Didenko, A., Kovalenko-Marchenkova, Y., Kravets, O., & Lizut R. (2021). Cognitive approach to modeling populationʼs quality of life. Philosophy, Economics and Law Review, 1(2), 92-100. https://doi.org/10.31733/2786-491X-2021-2-92-100
  5. Reiche-de Vigan, S. (2022). Legal issues regarding the sustainable management of territorial and extraterritorial mineral resources. Mineral Resource Economy 2: Issues and Action Levers, 39-70. https://doi.org/10.1002/9781119882121.ch2
  6. Żuk, P., & Żuk, P. (2022). National energy security or acceleration of transition? Energy policy after the war in Ukraine. Joule, 6(4), 709-712. https://doi.org/10.1016/j.joule.2022.03.009
  7. Shkurenko, O. (2021). Integration of sustainable development and business development as a dominant basis of the circular economy model: Theoretical aspect. The Journal of V.N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (13), 152-165.
  8. Zhou, S., & Smulders, S. (2021). Closing the loop in a circular economy: Saving resources or suffocating innovations? European Economic Review, (139), 103857. https://doi.org/10.1016/j.euroecorev.2021.103857
  9. Resource efficient green economy and EU policies Luxembourg: Publications Office of the European Union. (2014). European Environment Agency.
  10. Hopkinson, P., Zils, M., Hawkins, P., & Roper, S. (2018). Managing a complex global circular economy business model: Opportunities and challenges. California Management Review, 60(3), 71-94. https://doi.org/10.1177/0008125618764692
  11. Proops, J.L.R. (1990). Economics of natural resources and the environment. Hertfordshire, United Kingdom: Harvester Wheatsheaf, Hemel Hempstead, 378 p.
  12. Su, B., Heshmati, A., Geng, Y., & Yu, X. (2013). A review of the circular economy in China: Moving from rhetoric to implementation. Journal of Cleaner Production, (42), 215-227. https://doi.org/10.1016/j.jclepro.2012.11.020
  13. Impacts of circular economy policies on the labour market. (2018). Final report. European Commission.
  14. Tiess, G., Sokolova, I., & Klochkov, S. (2021). Effective mineral policy as a key factor for sustainable economy. Ukrainian Geologist, 1-2(44-45), 34-40. https://doi.org/10.53087/ug.2021.1-2(44-45).238854
  15. Mhatre, P., Panchal, R., Singh, A., & Bibyan, S. (2021). A systematic literature review on the circular economy initiatives in the European Union. Sustainable Production and Consumption, (26), 187-202. https://doi.org/10.1016/j.spc.2020.09.008
  16. Rahman, S.M., & Kim, J. (2020). Circular economy, proximity, and shipbreaking: A material flow and environmental impact analysis. Journal of Cleaner Production, (259), 120681. https://doi.org/10.1016/j.jclepro.2020.120681
  17. Shevchenko, T., Ranjbari, M., Shams Esfandabadi, Z., Danko, Y., & Bliumska-Danko, K. (2022). Promising developments in bio-based products as alternatives to conventional plastics to enable circular economy in Ukraine. Recycling, 7(2), 20. https://doi.org/10.3390/recycling7020020
  18. Janik,A. & Ryszko, A.(2019).Circular economy in companies: an analysis of selected indicators from a managerial perspective. Multidisciplinary Aspects of Production Engineering, 2(1), 523-535. https://doi.org/10.2478/mape-2019-0053
  19. Boulding, K. (1966). Economic analysis. Volume I Microeconomics. New York, United States: Harper & Row, 1000 p.
  20. Meadows, D.H., Meadows, D.L., Randers, J., & Behrens, W.W. (1972). The limits to growth. New York, United States: Universe Books Publ., 211 p. https://doi.org/10.1349/ddlp.1
  21. Nižetić, S., Djilali, N., Papadopoulos, A., & Rodrigues, J.J. (2019). Smart technologies for promotion of energy efficiency, utilization of sustainable resources and waste management. Journal of Cleaner Production, (231), 565-591. https://doi.org/10.1016/j.jclepro.2019.04.397
  22. Chen, T.L., Kim, H., Pan, S.Y., Tseng, P.C., Lin, Y.P., & Chiang, P.C. (2020). Implementation of green chemistry principles in circular economy system towards sustainable development goals: Challenges and perspectives. Science of the Total Environment, (716), 136998. https://doi.org/10.1016/j.scitotenv.2020.136998
  23. Reike, D., Vermeulen, W.J.V., & Witjes, S. (2018). The circular economy: New or refurbished as CE 3.0? – Exploring controversies in the conceptualization 15 of the circular economy through a focus on history and resource value retention options. Resources, Conservation and Recycling, (135), 246-264. https://doi.org/10.1016/j.resconrec.2017.08.027
  24. Shkurenko, O. (2021). Integration of sustainable development and business development as a dominant basis of the circular economy model: Theoretical aspect. Journal of V.N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (13), 152-165.
  25. Management of waste. (2022). All-Ukrainian environmental league. Retrieved from: https://www.ecoleague.net/pro-vel/tematychni-napriamy-diialnosti/povodzhennia-z-vidkhodamy
  26. State Statistics Service of Ukraine. (2021). Retrieved from: https://ukrstat.gov.ua/
  27. Velvizhi, G., Balakumar, K., Shetti, N.P., Ahmad, E., Pant, K.K., & Aminabhavi, T.M. (2022). Integrated biorefinery processes for conversion of lignocellulosic biomass to value added materials: Paving a path towards circular economy. Bioresource Technology, (343), 126151. https://doi.org/10.1016/j.biortech.2021.126151
  28. Suzic, B., Urban, S., Hellwig, M., & Dobler, M. (2022). Smart circular economy value drivers: The role of the financial sector in stimulating smart regional innovation-driven growth. In Smart Services Summit: Smart Services Supporting the New Normal (pp. 55-64). Cham, Germany: Springer International Publishing. https://doi.org/10.1007/978-3-030-97042-0_6
  29. Preston, F. (2012). A global redesign? Shaping the Circular Economy. Briefing Paper. London, United Kingdom: Chatham House.
  30. Lacy, P., Long, J., & Spindler, W. (2020). The circular economy handbook: Realizing the circular advantage. Heidelberg, Germany: Springer Nature Customer Service Center GmbH, 350 p. https://doi.org/10.1057/978-1-349-95968-6
  31. Zhong, Y., Godwin, P., Jin, Y., & Xiao, H. (2020). Biodegradable polymers and green-based antimicrobial packaging materials: A mini-review. Advanced Industrial and Engineering Polymer Research, 3(1), 27-35. https://doi.org/10.1016/j.aiepr.2019.11.002
  32. Idumah, C.I., & Nwuzor, I.C. (2019). Novel trends in plastic waste management. Applied Sciences, (1), 1-14. https://doi.org/10.1007/s42452-019-1468-2
  33. Smol, M, Marcinek, P, Duda, J, & Szołdrowska, D. (2020). Importance of sustainable mineral resource management in implementing the circular economy (CE) model and the European green deal strategy. Resources, 9(5), 55. https://doi.org/10.3390/resources9050055
  34. Ellen MacArthur Foundation. (2022). Circularity indicators: An approach to measuring circularity. Methodology. Retrieved from: https://ellenmacarthurfoundation.org/resources/circulytics/resources

    35. Лицензия Creative Commons

Copyright © 2023 Dnipro University of Technology

Underground Mining Department

All Rights Reserved.

Journal homepage Authors