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Commentary: Distracted by oil and gas tax fights, Alaska keeps mining taxes at 1955 levels - Vimarsana News

Commentary: Distracted by oil and gas tax fights, Alaska keeps mining taxes at 1955 levels

The Cordova Times Alaska has not increased its state tax rates on mining since before statehood. In any review of Alaska’s state revenue picture, this is a startling fact, one that legislators and governors have ignored for generations. For the last 45 years, the ready flow of oil dollars from taxes and royalties has prevented any real analysis of the matter. The foreign mining companies that dominate the industry in Alaska will be the first to say the taxation system on mining is perfect, except the state should strip local governments of the ability to levy added mining taxes. “Alaskaâ€...

Kinross Upbeat About Tetlin Gold Project, But Some Residents Worry About Truck Traffic - Vimarsana News

Kinross Upbeat About Tetlin Gold Project, But Some Residents Worry About Truck Traffic

2:09 Kinross Gold spokesperson Anna Atchison says exploration conducted around the mine site since last fall has yielded some promising results. The Peak Gold Project is located in an area owned by the Native Village of Tetlin, south of Tok and about 75 miles west of the U.S.-Canada border. Credit Kinross Gold “We anticipate that this will confirm the economic viability of the project,” she said in a Monday interview, “and based on that, we’re planning for production to start in 2024.” Atchison says Kinross officials have also gotten feedback, which she says has mainly been positiv...

Source: kuac.org