Higher production boosts Alaska's mineral industry

Posted: Sunday, March 11, 2001

ANCHORAGE (AP) -- The minerals industry in Alaska is getting a big boost from record production at Red Dog and Greens Creek mines.

According to state figures released this week, the two mines pushed the value of the minerals industry to more than $1.2 billion last year. That's an increase of 11.6 percent over 1999 figures.

The 2000 numbers represent the fifth straight year that the industry's total value has topped a billion dollars. Strong mines production, as well as a surge in investments in new development, helped offset declines in exploration largely because of continued poor gold prices.

While Red Dog and Greens Creek had a record production year in 2000, Fort Knox gold mine and Usibelli Coal Mine produced at levels comparable with past years.

Related Searches


Subscribe to Peninsula Clarion

Trending this week:


Peninsula Clarion © 2016. All Rights Reserved. | Contact Us