University of Oulu

van Vulpen, N.J., Koivumäki, T., Molnár, F., Ahokangas, P. (2022). The Potential of Circular Business Models in the Mineral Exploration Context: A Conceptual Assessment and a Practical Case. In: Ratten, V. (eds) Cultural Entrepreneurship: New Societal Trends. Springer, Singapore.

The potential of circular business models in the mineral exploration context : a conceptual assessment and a practical case

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Author: van Vulpen, Nina Jorien1; Koivumäki, Timo1; Molnár, Ferenc2;
Organizations: 1Martti Ahtisaari Institute, Oulu Business School, University of Oulu, Oulu, Finland
2Geological Survey of Finland, Eötvös Loránd University, Budapest, Hungary
Format: article
Version: accepted version
Access: embargoed
Persistent link:
Language: English
Published: Springer Nature, 2022
Publish Date: 2024-07-20


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.

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ISBN: 978-981-19-2771-3
ISBN Print: 978-981-19-2770-6
Pages: 143 - 152
DOI: 10.1007/978-981-19-2771-3_12
Host publication: Cultural entrepreneurship: new societal trends
Host publication editor: Ratten, Vanessa
Type of Publication: A3 Book chapter
Field of Science: 512 Business and management
Funding: MinExTarget has received funding from the European Institute of Innovation and Technology (EIT), a body of the European Union, under the Horizon 2020, the EU Framework Programme for Research and Innovation.
Copyright information: © 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.