North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

Bumpy road ahead

Alaska mining faces ups, downs from low oil prices, budget-cutting moves

 

Last updated 2/1/2015 at Noon



Plummeting oil prices have put Alaska residents and Alaska miners in the same boat. Suddenly, it's less expensive to top off the tank of an SUV or a haul truck, but the state budget, fueled by oil revenue, is teetering on the edge of an estimated $3.5 billion deficit. That's $10 million a day for 2015.

"We know Alaska is experiencing a significant drop in revenue - the price of oil has dropped...



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