Rent Assessment in the System of “Smart Regulation” Rare Earth Business

Bogdanov SV and Chernyy SA

Abstract

Russian deposits are quite comparable level of rent in respect of the mastered foreign sources of raw REE. This confirms the necessity of activation of works on extraction and processing of ores. Deposits are highly profitable rare for modern business. Further improvement and increasing the efficiency of Russian rare earth business it is advisable to take into account the opportunities of application of system “smart regulation”. The core of this system is a complex and systematic regulatory impact assessment, which involves the integration of all stakeholders in the process of making and implementing decisions on state regulation in order to achieve maximum economic and social benefits in the implementation of state intervention at all levels of government.