Red Dog Mine celebrates 25 years
Anchorage, Alaska – On Monday, the Red Dog Mine in Northwest Alaska held a celebration for mine employees in honor of its 25th anniversary. The mine is one of the largest zinc producers in the world and is often cited as a positive example of indigenous people and mining companiesworking together. Alaska Native Corporation, NANA Regional Corporation, Inc., owns the land on which the mine is situated and Teck Alaska, a subsidiary of Teck Resources Limited (Teck), is the operator.
The celebration was attended by a number of special guests, many of whom worked to make the mine a reality, including: former Governor Bill Sheffield, NANA Regional Corp. Chair Donald G. Sheldon, Teck President and CEO Don Lindsay, former NANA President Willie Hensley and past Chair Christina Westlake.
Since 1989, Red Dog Mine has provided more than $199 million in dividends to NANA shareholders and $608 million of its $1 billion mine proceeds to all Alaska Natives through the 7(i) “sharing” provisions of the Alaska Native Claims Settlement Act, or ANCSA [ANK-SA]. The provision requires that Alaska Native Corporations (ANCs) share approximately 60 percent of revenues from developed ANCSA lands with other ANCs.
Red Dog Mine is an economic engine for Northwest Alaska, the state and the nation, paying approximately $119 million as payment in lieu of taxes (PILT) to the Northwest Arctic Borough, providing 70 percent of U.S. zinc production and injecting more than $1.5 billion into the Alaska economy. In 2013, more than 586 NANA shareholders worked at the mine for Teck and NANA companies operating at the mine, earning $29.4 million and making up 54 percent of mine employees.
NANA Regional Corporation, Inc. is one of the 13 Regional Alaska Native corporations created pursuant to the Alaska Native Claims Settlement Act. NANA’s mission is to provide economic opportunities for its more than 13,000 Inupiat shareholders and to protect and enhance NANA lands. Join the hunt at www.NANA.com/regional.
Posted: July 17, 2014