Innovative Development Management of Mining Industrial Companies in the Russian Arctic Zone

Abstract

Abstract Management of innovative development of mining companies of the Arctic zone of the Russian Federation. The paper presents the results of research on the management of innovative development of mining companies of the Arctic zone of the Russian Federation. When managing the innovative development of Arctic mining corporations it is proposed to focus on three areas: outsourcing non-core activities, institutional and investment approaches. In the paper the existing problems of each of the three areas are analyzed and basic recommendations for their development, taking into account the specific features of the economy of the Russian Arctic regions, are developed. Practical examples of actions of companies for innovative development in line with the proposed directions are considered. The conducted studies are of great theoretical and practical importance for the innovative development of mining companies of the Arctic zone of the Russian Federation, increasing the quantitative and qualitative indicators of development and processing of mineral raw materials, the exploitation efficiency of natural resources and transition of the Arctic territories to an innovative development way.