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5.3.12.wavAlaska is rich in mineral resources, including gold, zinc, copper, silver, lead, and coal. Alaska contains the nation's largest zinc, silver, and lead mines and half of its coal reserves.
Historically, mining has been the foundation of Alaska's economy and was the most important economic activity from the 1890s to the 1930s. Today, mining continues to be an important industry in Alaska. It is the 4th largest industry in the state, accounting for 5% of Alaska's GDP. In 2023, mining products were Alaska's largest international exports, valued at nearly $2 billion. Zinc led the way, with $908 million in exports. The mining industry is estimated to create 12,000 jobs in the state and over $1 billion in wages.
Alaska currently has six major producing mines:
Fort Knox- This is Alaska's largest producing gold mine and the fourth largest in the U.S. It is also the largest source of mining jobs, with nearly 1,000 employees and on-site contractors.
Red Dog- The largest zinc and lead mine in the U.S. and the second largest silver mine. Red Dog is the sole revenue source for the Northwest Arctic Borough.
Greens Creek- The largest silver mine in the U.S. and a top 10 producer worldwide. The Greens Creek mine is the largest business employer in Southeast Alaska in terms of payroll and the largest private property taxpayer in the City and Borough of Juneau.
Kensington- This gold mine is the second largest business employer in Southeast Alaska.
Pogo- The 8th largest gold producer in the U.S.
Usibelli - The only operating coal mine in Alaska, it fueled approximately 32 percent of Interior Alaska’s electrical generation in 2020.
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