Investor Presentaiton
Red Dog Mine
Mining
Alaska has several large operating zinc,
gold, silver and coal mines, and a number of
smaller mines. Several very large mining
prospects in southwestern Alaska, including
the Pebble and Donlin Creek copper and
gold deposits, are under evaluation and may
be developed in the next few years. The
total annual value of Alaska mineral
production is more than $1 billion. Total
direct employment in mining is about 1500
jobs.
Although Alaska has significant mineral
resources, high costs of extraction and
transportation and volatile prices make it
difficult for Alaska mining projects to
compete in world markets. State revenues
from mining are only about 1% as high as
state revenues from oil.
The Red Dog mine, north of Kotzebue, is
Alaska's largest mine and the world's largest
zinc mine. The land is owned by an Alaska
Native corporation, NANA Regional
Corporation. The Red Dog mine employs
about 500 people, many of them Alaska
Natives who are shareholders of NANA.
The Fort Knox mine,
north of Fairbanks, is
Alaska's largest
operating gold mine.
Fort Knox Mine
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