- Associated Press - Sunday, May 21, 2017

NOME, Alaska (AP) - Eleven villages in Alaska’s northwest arctic borough will soon get yearly multimillion-dollar payments from the operator of a mine in the region in lieu of the company paying taxes.

KNOM radio reports (https://bit.ly/2rHxGEX ) that the money will come from Teck Alaska, the operator of Red Dog Mine, where zinc and lead are gathered.

KNOM reports that this year, $11 million in profits from Red Dog Mine will be put into a Village Improvement Fund, as well as between $4 million and 8 million annually for the next nine years.

Northwest Arctic Borough Chief of Staff Patrick Savok tells the radio station that assures that each community will have a say in how the money will be used.

Savok says: “The two main stipulations of the agreement, after establishing this Village Improvement Fund, are targeted at critical infrastructure and programs for the eleven villages.”


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