The US Geological Survey estimated the 2001 value for Alaska nonfuel mineral production at $1.1 billion, about 5% less than the amount reported in 2000. Metallic minerals accounted for 90% of Alaska's total nonfuel mineral production in 2001, much of it provided by production of zinc, lead, and silver at the Red Dog Mine in the northwestern part of the state and by gold production at Fort Knox Mine near Fairbanks. The reduction in value between 2000 and 2001 reflected a drop in both the production and the price of zinc. The $105 million Mill Optimization Project at the Red Dog Mine was completed in early 2001. Red Dog is among the largest producers of zinc in the world. Production at the mine was expected to increase by around 8% in 2002.
According to preliminary figures, in 2001 Alaska produced 1.5 million metric tons of crushed stone, valued at $7.9 million; 16,500 kg of gold, $148 million; and 14 million metric tons of sand and gravel, $71.8 million. The state ranked 13th nationally in the value of nonfuel mineral production and accounted for about 3% of the national total produced. Its ranking among the states for specific minerals was: zinc (1st), lead and silver (2nd), and gold (4th).
The number of placer gold mines and the amount of gold mined there continued the decline begun in 1997. Low global prices for metals hampered the ability of producers to raise capital for exploration.
The Alaska Department of Natural Resources (DNR) presents reclamation awards to mining firms for exemplary work in returning disturbed ground to useful condition as required by state law.