The mine — an economic engine in Northwest Alaska — could close as soon as 2031.
The Red Dog mine has been a huge economic engine for the Kotzebue region for decades. But the zinc and lead deposits the mine relies on are running low and Red Dog may shut down operations as soon as 2031. KOTZ’s Desiree Hagen has been following this story.If Red Dog closed how big of an economic hit would this be?: So just a little background first. The Red Dog Mine produces about 4% of the global zinc supply.
As Cravalho said, it’s not just shareholders. Red Dog revenue touches everything in the Northwest Arctic. Red Dog revenue also supports other Alaska Native Corporations through 7 and 7 contributions which is a provision of the Alaska Native Claims Settlement Act. Since mine operations began in the late 1980s, NANA said the company has shared around $1.8 billion with other Alaska Native Corporations/ANCs. It’s kinda in limbo. There are two deposits close to the mine that Teck and NANA are looking at developing. If developed they could extend the mine life for decades.
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