Anglo American’s recent departure from the Pebble Mine project has generated contentious debate throughout the state and in our nation’s capital about the future of domestic mining. This withdrawal of capital from a promising venture is just one among many in recent years, as the United States’ uncertain regulatory structure around minerals mining deters major investment. It’s a hard pill to swallow considering that our nation’s $6.2 trillion worth of mineral resources could be developed responsibly, generate economic growth, support new high-paying jobs and strengthen domestic industries.
The proof is in the pudding — just look at the more than 9,500 Alaskan jobs the mining industry supported last year alone. These jobs are among the highest paying in the state with an estimated average annual salary of $100,000 — more than twice the state average. Mining not only creates jobs at mine sites, but also supports local businesses, generating employment at grocery and supply stores, auto dealerships and hotels.
Beyond Alaska, mining continues to bring economic opportunity to communities across the country despite trying economic conditions. Mining supported nearly 2.2 million American jobs and contributed $232 billion to the nation’s GDP in 2011 alone.