The need of new accounting approach for assets owned by multi-structured mining clusters

Abstract

Ukrainian economy heavily relies on mining industry that provides internal energy consumption and export amount. However, Ukrainian mines are mostly coming to the end of their life cycle and, thus, evoking the challenge of post mining recovery. There are different approaches to the post mining recovery, beginning from abandoning coal mines and finishing with their revitalizing. We are committed to the last approach acceptable due to the innovations allowing the use of natural resources available through the mine facilities. This is approach is called multi-structured cluster organized on the basis of the mine having stopped to extract mineral resources but still providing water, underground gas, cavities, wind and solar energy and etc.