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 2022-06-21 at 1.13.59 PM.png

 

In 2021, Alaska’s mining industry provided: 

  •  5,400 direct mining jobs in Alaska. 

  • 10,800 total direct and indirect jobs attributed to Alaska mining industry. 

  • $985 million in total direct and indirect payroll. 

  • $640 million spent with 400+ local businesses.

  • $44 million in local tax revenue to support services like libraries, road repairs, and public safety.

  • $83 million in state government revenue for services like education, highways, and airports.

  •  $161 million in royalty payments to Alaska Native Corporations. 

  •  Mostly year-round jobs for residents of more than 95 communities throughout Alaska, half of which are found in rural Alaska where few other jobs are available.

  • $800,000 to civic, business, and industry organizations through sponsorships and membership fees.

  • Over $1.1 million contributed to University of Alaska and Vocational Schools. 

  • $3.3 million in contributions to 250 Alaskan non-profits.

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 (2021) Economic Impact Report for Mining in Alaska

MiningImpactMap2022 REVISED.png