- 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.”

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide