Alaska survey division reveals $4.5 billion mineral industry value for 2024

In a recent meeting of the Alaska Legislature's House Resources Committee, officials from the Division of Geological and Geophysical Surveys (DGGS) presented a comprehensive overview of Alaska's mineral industry, highlighting its significant contributions to the state's economy and ongoing efforts to enhance geological mapping and data accessibility.

As the meeting unfolded, the DGGS outlined its mission to assess the potential of Alaska's land for metal and mineral production. This mission is supported by a statutory requirement to provide an annual report to the governor, detailing essential mining matters. In 2024, the report revealed a robust mining landscape, featuring eight operating mines, seven load mines, one coal mine, approximately 150 placer gold mines, and around 65 exploration projects statewide. Additionally, there are 80 active sand and gravel operations, underscoring the diverse mineral activity across Alaska.

A key focus of the presentation was the ongoing geologic mapping initiative, which began in 2019. This project aims to modernize the understanding of Alaska's geology using advanced analytical techniques, moving beyond outdated data from the 1970s. The DGGS is employing airborne geophysical surveys to gather crucial data about the earth's properties, allowing for a more efficient exploration process without extensive ground disturbance.

The DGGS also emphasized the importance of making geological data publicly accessible. Representative Elam inquired about how the public could access this information, to which officials responded that data is available for free download on their website. This includes geologic maps and geochemical data, which can be utilized by individuals and companies for exploration and modeling purposes. The DGGS has developed various online applications to ensure that even those without specialized software can access vital information.

In a notable highlight, the preliminary estimate for the total value of Alaska's mineral industry in 2024 was reported at an impressive $4.5 billion. This figure encompasses exploration and development expenditures, as well as the estimated market value of commodities produced, reflecting the industry's vital role in Alaska's economic landscape.

As the meeting concluded, it was clear that the DGGS is committed to enhancing the mineral industry's potential while ensuring that valuable geological data is accessible to all, paving the way for future exploration and development in Alaska's rich and diverse landscape.