Prospects for the development of the mining industry in the Arctic zone of the Russian Federation

The article is devoted to the development of the mining industry in the territory of the Murmansk region, which is part of the Arctic zone of the Russian Federation. The importance of mining enterprises in the volume of industrial production of the Murmansk region is analyzed, the largest enterprises to grow and their role in the socio-economic development of the region are identified. Using the example of the largest mining enterprise in the Murmansk Region (Kovdor Mining and Processing Plant), an analysis of the use of the enterprise’s working capital was carried out, the degree of efficiency of the enterprise and the industry as a whole was determined, and prospects for attracting investors from other regions were evaluated.