ECONOMIC BENEFITS

MINING IS A GROWING FORCE IN ALASKA'S ECONOMY

Mining is a growing force in Alaska’s economy, providing jobs for thousands of Alaskans and millions of dollars of personal income throughout Alaska. Alaska’s mining industry includes exploration, mine development, and mineral production. Alaska’s mines produce coal, gold, lead, silver, zinc, as well as construction materials, such as sand, gravel, and rock.

Screen Shot 2021-02-19 at 8.23.55 AM.png

 In 2020, Alaska’s mining industry provided: 

• 4,700 direct mining jobs in Alaska. 

• 9,600 total direct and indirect jobs attributed to Alaska mining industry. 

• $890 million in total direct and indirect payroll. 

• Some of Alaska’s highest paying jobs with an estimated average annual wage of $115,320, over twice the state average ($56,985) for all sectors of the economy. 

• $49 million in local government revenue. 

• $117 million in state government revenue through mining licenses, rents, royalties, fees, and taxes, and other government-related payments. 

• $175 million in payments to Alaska Native corporations. 

• Mostly year-round jobs for residents of more than 90 communities throughout Alaska, half of which are found in rural Alaska where few other jobs are available. 

As a critical industry, Alaska’s producing mines and projects implemented strict COVID-19 protocols to protect their workers and contractors, and keep community members safe.  As a result, mining was one of the bright spots in Alaska's economy in 2020. There were no significant production disruptions or worker layoffs; millions of dollars in payroll continued to be infused throughout many Alaska communities.  Additionally, through pre-shift quarantine facilities, mining companies injected critical dollars into local economies in Juneau, Fairbanks, and Anchorage.

Each year AMA commissions the McKinley Research Group  to research the economic impact of Mining in Alaska. Continued investments by the mining industry ensure Alaska’s continued economic growth.

Click here to read the current (2020) Economic Impact Report for Mining in Alaska

image002.jpg