Mining News: Miners spend record $4 billion in 2007
Alaska mines and projects attract more investment in exploration, development and production on wave of strong metals prices
Alaska’s mineral industry set a new spending record of about $4 billion in 2007, up 13.3 percent from the value of the industry’s expenditures in 2006, according to an 89-page report released Nov. 5 by the Division of Geological & Geophysical Surveys and the Office of Economic Development.
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Benefits felt across the state
95 percent of revenue from production
Southwest tops exploration regions
Development drops as Pogo comes online
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