Alaska's Mining Industry Is Fueling Success Across The State

(MENAFN- EIN Presswire) EINPresswire/ -- Alaska's mining sector continues to drive opportunity across the state. In 2023, the average wage for workers in the industry hit $122,568. That number is nearly double what the rest of the private sector pays. Over 11,800 people held mining-related jobs last year, and more than 70% of those jobs went to Alaska residents.

The impact extends beyond payroll. Businesses in over 90 Alaska communities supported the industry in 2023, supplying everything from engineering and drilling to groceries, lodging & equipment rentals. The mining sector spent $1.1 billion with over 450 Alaska-based vendors.

Mining also generates consistent funding for public services. Mines were the top property taxpayers in Fairbanks, Juneau, and the Northwest Arctic Borough. State revenues totaled $136 million, with another $50 million going to local governments. Mining is good for Alaska because of how much it contributes to schools, infrastructure, and public safety.

In 2023, Alaska Native Regional and Village Corporations received $235 million in royalty payments from mining companies. Since 1989, those payments have added up to $3.2 billion. The industry also gave $5.7 million to nonprofits, $1.5 million to the University of Alaska and trade schools, and $1.1 million to civic & business groups.

Learn more at akmetalmines/benefits.

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