Strategy of effective development of gold mining enterprises based on business consolidation

Abstract

The subject of the article is the search for an effective strategic solution in the framework of sustainable development of gold mining enterprises belonging to small and medium-sized mining businesses. The goal of the study is to analyze the problem and the theoretical rationale for the use of horizontal integration for the category of gold mining enterprises, as well as the development of methodological provisions to assess the effectiveness of this strategy in modern conditions. In the process of writing the article the methods of analysis and synthesis within the system approach, mathematical and graphical modeling of economic processes were used. As a result of the study, the processes of development of the gold mining industry, taking into account the state of the mineral resource base of alluvial gold, are revealed. The role of horizontal integration and the expediency of its application within the enterprises belonging to the small and medium mining business are indicated. A methodology has been developed for evaluating the effectiveness of a horizontally integrated gold mining enterprise, taking into account potential synergistic effects, the possibility of diversifying production. The described approaches, at the project stage, will allow to assess the feasibility and effectiveness of the planned consolidation.