“Russian Copper Company” JSC, Yekaterinburg, Russia:

I. A. Altushkin, Head of a Committee of Directors
Yu. A. Korol, Vice-President, phone: 8 (343) 365-29-00

National Mineral Resources University, Saint Petersburg, Russia:

A. E. Cherepovitsyn, Professor, Head of a Chair of Organization and Management

Improvement of sustainability of mining and metallurgical holdings is one of the most important problems of national economy. Working out of the strategic development lines on the basis of introduction of technological and managerial innovations is the main activity in mining and metallurgical holdings. This operation requires the justification of sustainable development mechanism for the purpose of achievement of new growth path of companies. The main problem of evaluation of sustainable development of enterprise is not only the choice and determination of the values of economic indices, but also the possibility of their application in practice. Certain criteria are proposed to be chosen for practical use in mining and metallurgical holding:
— criteria, which make possible to carry out the quick and easy formation of mechanism of sustainable development of enterprise without large calculations of interrelated indices;
— criteria, which make possible to carry out the analysis of enterprise and to make justified decisions.
Taking into account the foregoing requirements for methodology of evaluation of sustainable development of mining and metallurgical holding, it is advisable to assess the following basic factors:
— the purpose and will of shareholders;
— provision with raw materials and human resources;
— innovation potential in production and management.
Analysis of business management system by the previously defined criteria (time of decision-making, execution of decision, responsibility for made decision) is proposed to be taken as a subjective index of estimation of innovation potential in the management sphere. The proposed evaluation methodology makes it possible to do the following operations:
— identification of bottlenecks and concentration of forces of shareholders on overcoming of disadvantages in developing company;
— determination of the sequence of operations in newly formed enterprises and vertically integrated structures in development of metallurgical products on the world market and in formation and improvement of the competitive advantages of enterprises.
This article shows examples of the following analysis:
— analysis of sustainability of development of various mining and metallurgical holdings;
— comparative analysis of efficiency of sustainable development of mining and metallurgical holdings during the change of quality indices of processed products.

1. Products. CRU Infernatiomal Limited. Available at : http://www.crugroup.com/market-analysis/products/.
2. Copper Market Outlook Quarterly. July 2011. London : CRU International Limited, 2011.
3. Altushkin I. A., Korol Yu. A., Malek T. I., Cherepovitsyn A. E., Vybornov E. N. Tsvetnye Metally — Non-ferrous metals. 2012. No. 10. pp. 53–58.
4. Altushkin I. A., Korol Yu. A., Golov A. N. Tsvetnye Metally – Non-ferrous metals. 2012. No. 8. pp. 25–34.