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"Ugol" magazin


Original Paper

UDC 336.767:622.3.013 © O.Yu. Kuzmina, M.E. Konovalova, S.Yu. Salomatina, E.S. Materova, 2022

ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 12, pp. 67-71

DOI: http://dx.doi.org/10.18796/0041-5790-2022-12-67-71




Kuzmina O.Yu.1, Konovalova M.E.1, Salomatina S.Yu.1, Materova E.S.1

1Samara State University of Economics, Samara, 443090, Russian Federation

Authors Information

Kuzmina O.Yu., PhD (Economic), Associate Professor of Economic Theory Department, e-mail: pisakina83@yandex.ru

Konovalova M.E., Doctor of Economic Sciences, Head of Economic Theory Department, e-mail: mkonoval@mail.ru

Salomatina S.Yu., PhD (Economic), Associate Professor of Economic Theory Department, e-mail: salom771@rambler.ru

Materova E.S., PhD (Economic), Associate Professor of Economic Theory Department, e-mail: nedlen63@yandex.ru


This article is a follow-up to the article entitled ‘Assessment of investment attractiveness of Russian mining companies. Part 1' (see Russian Coal Journal, No.10 - 2022, pp. 45-47), in which a sectoral analysis of the investment attractiveness of mining companies was made with account of intensely influencing external factors, which lead to a significant increase in the level of investment risks in this segment. This part presents a fundamental analysis of the financial and economic indicators of a number of major Russian mining companies. The authors evaluate the prospects of investing in the shares of companies engaged in mining of mineral resources, based on both the criterion of fair value of the company and the criterion of the risk-return trade-off.


Investments, Investment appeal, Mining companies, Equities, Exchange trade, Fair company value, Risks, Return.


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For citation

Kuzmina O.Yu., Konovalova M.E., Salomatina S.Yu. &Materova E.S. An assessment of investment attractiveness of Russian mining companies. Part 2.Ugol’, 2022, (12), pp. 67-71. (In Russ.). DOI: 10.18796/0041-5790-2022-12-67-71.

Paper info

Received August 28, 2022

Reviewed October 31, 2022

Accepted November 25, 2022


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