Financial University under the Government of the Russian Federation (Moscow, Russia):

Bloshenko T. A., Senior Researcher, Candidate of Economic Sciences, e-mail: boxta@mail.ru

By now Russia has accumulated immense, amounting to hundreds billions of tons waste of earlier mining and processing (low quality ore dumps, tailing dumps etc.). Mineral dressing technologies of the past, especially those in use 50–100 years ago, did not allow extraction of all commercial components from mineral waste as this is possible today. Facing depletion of underground high-grade ore, it has come out that mining and processing waste contains sometimes even more commercial components than natural deposits in exploitation. The accumulations of waste, called technogeneous deposits, have awaken economic interest in extracting residuary commercial minerals, which is however restrained by imperfect taxation of the final mineral products. Based on reasons of state and interests of subsoil users, the author proposes to refine and simplify conceptual system of mineral production tax assessment and introduce tax concessions (to the extent of cancellation of all taxes) on re-processing of mineral waste.

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