PRODUCTION SETUP
Original Paper
UDC 658.387:622.3© A.E. Tsivileva, 2023
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2023, № 9, pp. 27-33
DOI: http://dx.doi.org/10.18796/0041-5790-2023-9-27-33
Title
CONCEPTUAL APPROACHES TO ENSURING STRATEGIC SUSTAINABILITY OF COAL MINING COMPANIES IN CURRENT CONDITIONS
Authors
Tsivileva A.E.
Kolmar Group” JSC, Neryungri, 678960, Russian Federation
Authors Information
Tsivileva A.E., PhD (Economics), Chairman of the Board of Directors, e-mail: office@kolmar.ru
Abstract
The article deals with the experience gained by the Kolmar Coal Mining Company in strategic management of coal mining operations in conditions of long-term sanctions, instability and crises. The article analyzes the strategic risks of coal mining companies in current economic environment. The purpose of the study was to select the main conceptual approaches to ensuring strategic sustainability of coal mining companies in the conditions of long-term sanctions imposed by the Western countries and the United States. These approaches consist in securing the growth of domestic demand for coal products, improving their quality and expanding their range through introduction of new coal processing technologies, implementation of the production system of continuous improvements in the company, which includes decreasing of the injury rates, introduction of standardized operating procedures, cutting costs by reducing downtime, and other activities. These approaches provide an opportunity to improve the operational efficiency of the company. Efficient interaction of coal mining operations with administrations and other authorities of the coal mining regions helps to achieve a high marginal effect in the economy of the region. An important task is to ensure maximum marginal value by increasing the competitiveness of coal mining operations, which depends largely on the transportation costs. The article proposes a new sales model for coal mining companies, focused on the Asia-Pacific region, and taking into account the need to change the ways of coal delivery to customers.
Keywords
Strategy, Sanctions, Instability, Sustainability, Coal mining operations, Logistics chains, Asia-Pacific Region, Diversification of coal products, New coal mining and processing technologies.
References
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For citation
Tsivileva A.E. Conceptual approaches to ensuring strategic sustainability of coal mining companies in current conditions. Ugol’, 2023, (9), pp. 27-33. (In Russ.). DOI: 10.18796/0041-5790-2023-9-27-33.
Paper info
Received August 8, 2023
Reviewed August 14, 2023
Accepted August 25, 2023
