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By Sarah Hurst
Mining News Editor 

Economist: Mining pays its way in Alaska

Gold, other metals produced by Alaska's hard rock mines translate into high wages, significant taxes and jobs for local people

 

Last updated 11/27/2005 at Noon



Hard rock mining's contribution to the Alaska economy is larger than it appears at first sight, when the "multiplier effect" is taken into account - the additional spending and services triggered by the mining activities. Anchorage-based consultancy Northern Economics has measured the wealth created by Alaska's three hard rock mines, Fort Knox, Greens Creek and Red Dog, and come up with some im...



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