Mining Industr try Update te: Where’s th the good news? Karen Matthias Council of Alaska Producers November 18, 2015
2013 Wall Street Journal 2014 Wall Street Journal 2015 2015 2014 Wall Street Journal 2013 9/20/2015 Financial Times
Lack of Investo tor Confidence 2015 2014
Alaska’s Mineral Industr try Report t 2013 2013 2014 2014 % ch % chan ange e Mineral value $3.419B $3.282B -4% Estimated revenue to $142.5M $102.2M -28% State of Alaska and municipalities Exploration spending $175.5M $96.2M -45% Jobs 4,051 2,967 -27% Alaska’s Mineral Industry Report 2014 http://dggs.alaska.gov/pubs/minerals
2012 2012 2014 2014 120+ 120+ communities with 50+ 50+ communities with mining industry employees mining industry employees
Fraser Insti titu tute te Survey 2014 Pure Mineral Pote tenti tial 1. Yukon 2. Nevada 3. 3. Alask Alaska a 4. Northwest Territories 5. Manitoba
Fraser Insti titu tute te Survey 2014 Investm tment t Attr ttracti tiveness 1. Finland 6. Quebec 2. Saskatchewan 7. Wyoming 3. Nevada 8. Nfld/Labrador 4. Manitoba 9. Yukon 5. W. Australia 10. Alask Alaska a
Alaska: th the good news Permitti tting: • Donlin Gold draft EIS 11/30/15 • Greens Creek: tailings storage expansion • Chuitna: submitted draft permit applications Producti tion: • Red Dog: 2014 record year – 4.3MT ore milled • Pogo: Poured 3 millionth ounce 09/30/15 En Environment/ t/Safety ty: • Fort Knox IMCC reclamation award • Usibelli Coal Mine: 5 consecutive quarters with no LTI Leg Legal: al: • Pebble gets its day in court
Mining in Alaska Passes th the Test: t: þ Paying for itself þ Achieving strict environmental and safety standards þ Benefitting Alaskans þ Providing economic diversity
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