Modernization of geology and future directions of the raw materials base formation

Abstract

This paper gives a brief analysis of the current situation in geology, and makes suggestions for its modernization. As a result of the spontaneous transformation of the institutional environment in subsoil resources management, an institutional trap which hinders the reproduction of mineral resources was formed. On the one hand, the geological assets in the current institutional environment are not attractive for business, and on the other hand, the mechanisms of public funding of geological exploration are being eliminated. The solution of the identified problems, in the opinion of the author, is in an active and systematic implementation of public resources policy in the following areas: balance in the division of responsibility between government and business, balance of responsibilities between the center and regions, liberalization of geological services market and improvement of national resource regime efficiency. Since the early 90s of the last century, there were the processes of deindustrialization and industry primitivization in the Russian economy. Modernization of geology in this paper is defined as an improvement and alignment with current and anticipated requirements of all sectors and areas of the industry functioning. According to the author, it should be brought into compliance with restoration and development of the industrial potential of Russia. The paper identified possible promising directions of domestic industry and geological mineral resources development taking into account the formation of a new technological order. Geological exploration is a sector that creates the resource base for the breathrough industry, including sectors of the new technological order. The need for new materials determines the need for new ideas and new solutions in exploration, production and extraction of mineral resources. Currently, however, we must note that Russia is losing its position in the field of high technologies, both in technological and in resource section. To ensure sustained economic growth in the future, we should base on the accelerated development of raw materials for high-tech industries.