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The Potential of Circular Business Models in the Mineral Exploration Context: A Conceptual Assessment and a Practical Case

In: Cultural Entrepreneurship

Author

Listed:
  • Nina Jorien Vulpen

    (University of Oulu)

  • Timo Koivumäki

    (University of Oulu)

  • Ferenc Molnár

    (Eötvös Loránd University)

  • Petri Ahokangas

    (University of Oulu)

Abstract

This chapter is one of the rare academic studies focusing on the business sector of services for mineral exploration from the perspective of applicability of circular business models in the quest for sustainability. Even though the mineral exploration sector cannot be made fully circular; there are many aspects in it, where “circularness” can be incorporated by following the CBM logic. Along with offering conceptual and theorical discussion, the current chapter highlights one specific project, MinExTarget—Enhanced Use of Heavy Mineral Chemistry in Exploration Targeting, which is a consortium of partners from industry and academia in Denmark, Finland, Norway, and Poland, as a good example depicting the potential of applying of CBMs in the mineral exploration sector particularly. We specifically highlight the role of value-capture and value-transfer in the potential applicability of CBM in this specific sector. Finally, our chapter presents both implications as well as limitations associated with the applicability of CBM.

Suggested Citation

  • Nina Jorien Vulpen & Timo Koivumäki & Ferenc Molnár & Petri Ahokangas, 2022. "The Potential of Circular Business Models in the Mineral Exploration Context: A Conceptual Assessment and a Practical Case," Springer Books, in: Vanessa Ratten (ed.), Cultural Entrepreneurship, pages 143-152, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-2771-3_12
    DOI: 10.1007/978-981-19-2771-3_12
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