This article thesis is concerned with the concept of Value Based Management (VBM) of a hard-coal mining enterprise. The thesis analyses in detail one type of factors: namely the determinants that create the value of a mining enterprise. Survey researches conducted enable identify and systemize the value factors specific to the mining sector, and to identify the value determinants. Determinants are factors that are associated with decision making, whereas value drivers are those factors that characterize the effects of value-creating actions undertaken beforehand. The author discusses and systemizes mining value determinants in seven groups: marketing and sales, coal production, human resources, material resources, financial resources, organizational maters and information resources.
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