Razovskii Iu. V., Ruban M. S. – Moscow Witte University, Moscow, the Russian Federation. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. In the arctic bowels of the Russian Federation the main reserves of the range of important minerals are concentrated.

Based on the theory of natural resource rent and the common principle of its classification (according to the source of
formation), the classification of the arctic rent is composed, including mineral and raw materials (mining), copper-nickel,
and other varieties. This creates a theoretical basis for the development of a sequence of assessment and taxation of the
arctic rent. The methodology for monetary valuation of differential mining rent is developed, which is defined as excess
profit. It is designed for the conditions of copper-nickel ore arctic mining and takes into account specific regional "northern"
risks of non-ferrous and other metals production. Effective development of non-ferrous metals in the Arctic and the
formation of the arctic rent are considered by the example of OJSC "MMC "Norilsk Nickel".

Key words: natural rent classification; the Arctic; arctic rent; excess profit; assessment methodology; economic potential.

REFERENCES
1. Razovskii Iu. V., Bulat S. A. Upravlenie sverkhpribyl'iu [Excess profit control]. Moscow, SSU Publ., 2011. 305 p.
2. Razovskii Iu. V., Makarkin Iu. N., Gorenkova E. Iu. Mineral'no-syr'evoi kapital [Mineral and raw materials capital].
Moscow, U Nikitskikh vorot Publ., 2013. 387 p.
3. Morgunova M. O., Tsunevskii A. Ia. Energiia Arktiki. Pod nauch. red. V. V. Bushueva [Energy of the Arctic. Edited
by V. V. Bushuev]. Moscow, Energiia Publ., 2012. 84 p.
4. Annual report of OJSC “MMC “Norilsk Nickel” for 2014. Available at: http://www.nornik.ru/investoram/godovyeotchety/godovyie-otchetyi1 (Access date June 19th, 2015). (In Russ.)
5. Galaov R. B., Pelipenko E. V., Kolechko S. S. [The history of exploitation and the prospects of development of OJSC
“MMC “Norilsk Nickel” Polar Division mineral raw materials base]. Gornyi zhurnal – Mining Journal, 2015, no. 6,
pp. 7–11. (In Russ.)
6. Pipes Richard. Property and freedom. Alfred A. Knopf, New York, 1999. 416 p.
7. Behavior of oil and other hazardous and noxious substances in Arctic waters. Available at: http://www.arctic-council.
org/eppr/wp-content/uploads/2012/07/Final-Report-BoHaSA_23-02-20111.pdf (Access date December 16th, 2015).
8. The role of the Arctic in future global petroleum supply. Available at: http://www.ssb.no/a/publikasjoner/pdf/DP/
dp645.pdf (Access date December 16th, 2015).
9. Arctic social indicators. Nordic Council of Ministers. Copenhagen, 2010. Available at: http://library.arcticportal.
org/712/1/Arctic_Social_Indicators_NCoM.pdf (Access date December 11th, 2015).
10. Thompson T. P., Mill J. The true theory of rent in opposition to Mr. Ricardo and others: being an exposition of
fallacies on rent, tithes, in the form of a review of Mr. Mill's elements of political economy. Moscow, R. Heward Publ.,
2011. 41 p.
11. Semenov A. V., Razovskii Iu. V., Makarkin Iu. N. [Sources of formation of the natural capital of the Arctic]. Burenie
i neft' – Drilling and Oil, 2014, no. 12, pp. 50–53. (In Russ.)
12. Gorenkova E. Iu. [Risk model of oil and gas company]. Vestnik universiteta – The Scientific Magazine “Vestnik
Universiteta”, 2010, no. 16, pp. 188–189. (In Russ.)