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Thursday, 22nd March 2007 (4043 views)

Last year saw the value of Alaska's mineral industry reach an all-time high, on the back of high prices for zinc and a thriving gold scene, a state report says.

In the report, Alaska's Mineral Industry 2006: A Summary, the extent of the mineral industry in Alaska is outlined and 2006 saw this industry account for production and investment worth $3.26 billion (£1.66 billion).

The Pebble project, located in the south of Alaska, was the biggest exploration area last year in the US state and it has been said to play host to 82 million ounces of gold, as well as 67 billion pounds worth of copper.

Commenting on the findings, Tom Irwin, commissioner of the Department of Natural Resources, stated: "While we can be thankful for the high prices that pushed total values to record levels last year, it's important to remember all the elements that make Alaska an attractive and rewarding place for the mining to operate year in and year out."

Mr Irwin said that Alaska contained "abundant resources" alongside a "skilled workforce" and he praised the government and the industry for contributing towards the "impressive results".

 

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