Economic impacts of mining in Alaska include wages, taxes and career training, report says

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Economic impacts of mining in Alaska include wages, taxes and career training, report says
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Alaska’s mining industry supported 11,800 jobs and $1.1 billion in total wages in 2023, according to a report commissioned by the Alaska Miners Association and Alaska Metals Mines.

Yago Jacob of Napaskiak, one of the Calista Corp. shareholders employed at the Donlin Gold project, holds up a sliced piece of a geological core on Aug. 11, 2022. Calista is the Native corporation that owns the mineral rights at the mine project. Donlin is one of eight large mine projects listed in a new report as being near development or in advanced exploration. Seven large Alaska mines currently are producing.

, uses data from 2023 and earlier years to calculate the economic impacts of one of the state’s largest industrial sectors.released in 2022 by the McKinley Research Group. That earlier report listed 10,800 jobs and $985 million in wages, a total that included 5,400 direct mining jobs and additional indirect and induced employment created by what’s known as a “There are economic impacts beyond employment, the new report said.

Mining companies provide the largest share of the local property tax revenues in the Northwest Arctic Borough, the Fairbanks North Star Borough and the City and Borough of Juneau, the report said. Local tax payments from mining companies totaled $50 million in 2023, it said.3% on revenues. There are also eight large projects nearing development or in advanced stages of exploration.

Among the state’s seven largest producing mines, Alaska residents make up 72% of the workforce, according to the McKinley report. The 28% share of nonresident workers compares to a statewide average, among all industries, of 15.3% as of 2019, according to aAccording to the more extensive 2022 McKinley Research Group report, zinc accounted for 51% of the value of Alaska’s statewide minerals production. Gold ranked second in value at 37%.

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