Benefits of Mining in Alaska
Read the latest report on the Economic Benefits of Alaska’s Mining Industry below.
High-Wage Jobs & Economic Growth
Mining directly employed 5,900 Alaskans in 2023, with an average annual wage of $122,568—nearly twice the state’s private-sector average. People who work in mining live in 90+ communities across Alaska, from large cities to rural villages. Beyond direct employment, mining has a multiplier effect, creating thousands of additional jobs through business partnerships, supplier networks, and employee spending on everything from homes and property taxes to groceries and gas.
The direct impact of mining in Alaska resulted in 5,900 jobs and $695 million in wages. However, the total economic impact is much broader, with an additional 5,900 jobs supported indirectly. This brings the total to 11,800 jobs and $1.1 billion in wages across the state.
Mining isn’t just an industry—it’s a source of career opportunities that sustain families and strengthen Alaska’s workforce. The benefits of mining extend to individuals and communities across the state. Mining is good for Alaska.
Investing in Local Businesses & Supply Chains
Alaska-based businesses keep mining operations running, strengthening local economies in the process. In 2023, Alaska businesses provided more than $1.1 billion dollars in equipment, materials, and services to Alaska’s mining industry. Keeping investments local means Alaskan businesses, workers and communities see the economic benefits.
Strengthening Communities Through Investment & Giving
Beyond wages and tax revenues, Alaska’s mining companies are committed to giving back.In 2023, Alaska’s mining industry contributed $5.7 million to more than 250 nonprofit organizations, supporting causes from education to healthcare.
- $1.5 million went to the University of Alaska and vocational training programs, investing in Alaska’s future workforce.
- $1.1 million was provided in support of civic, business, and industry organizations.
Alaska Native Corporations & Mining: A Partnership for Generations
Through 7(i) and 7(j) royalty-sharing payments, all Alaska Native Corporations benefit from mining revenues. In 2023, these payments totaled $235 million, continuing a legacy of economic support that has surpassed $3.2 billion since 1989.
These revenues are distributed among Alaska Native regional and village corporations, helping fund cultural preservation, business development, and community programs.
PUBLIC REVENUES THAT FUND ESSENTIAL SERVICES
Another benefit of mining is that it generates significant revenues that help fund schools, roads, emergency services, and public programs. In 2023, the industry contributed $136 million to the State of Alaska. Local governments also benefited, receiving $49.8 million in tax revenues in 2023, including:
- $34.8 million to the Northwest Arctic Borough
- $10.6 million to Fairbanks North Star Borough
- $4.2 million to the City & Borough of Juneau
These revenues help maintain public services that Alaskans rely on, like road maintenance, fire departments, schools, and libraries.
A Sustainable Industry That Grows Alaska’s Economy
Alaska’s economy runs on mining. Mining is a long-term investment in Alaska’s future as it grows local businesses, creates good-paying jobs, and supports public services. When resources are developed responsibly, it creates a steady future and real opportunities for the people who call Alaska home.
By developing Alaska’s resources responsibly, the benefits of mining ensures a future of economic opportunity, self-sufficiency, and shared prosperity.
Get an overview or read the full report detailing the economic benefits of mining in Alaska, and learn where in Alaska metals are mined.
