Subject Financial technologies as an important component of management tools have not yet been properly addressed in numerous studies on competitiveness by domestic authors. Objectives The aim of the study is to develop financial instruments for diagnostics and management purposes focusing on competitive growth. Methods The methodology of the study rests on systems analysis, statistical, financial and economic, historical, and trend analysis, as well as on principles of systematization and development. Results The macro analysis of the mining industry for 2007–2016 showed that the growth of key economic indicators due to inadequate management leads to accumulation of risks of financial instability. This cannot but adversely affect the competitiveness of Russian mining companies and target markets. The paper underpins the methodology for empirical study and defines drivers of competitiveness. I offer a resulting integral indicator, which characterizes competitiveness both for the entire industry and an individual enterprise. Conclusions The strengths of the financial model of mining company competitiveness include large-scale and dynamic generation of income and value added. The weaknesses of the model are high costs and low efficiency. They trigger accumulation of short-term and long-term financial risks at the system level, underestimation of market instruments for creating the value and intangible component of capital.
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