UMD Study: Mining Expansion Could Support 15,500 Workers
Posted at: 02/06/2013 10:04 AM
| Updated at: 02/06/2013 10:53 PM
A report developed by the University of Minnesota Duluth Labovitz School of Business and Economics finds 15,500 workers could be supported by expansion of existing mines and addition of new mines.
The report covered both iron ore and precious metals mining. It found that in 2010, mining supported about 12,000 workers and had a $3.2 billion combined economic impact on Minnesota, accounting for 30 percent of the region's economic output.
The number of workers specified in the report includes the actual mine workers and jobs estimated to be spurred by the mining industry. The report estimates that every job in the mining sector leads to the creation of an additional 1.8 jobs in other industries, ranging from support industries such as power generation to services such as restaurants and medicine.
The report said mining's impact could be increased to $7.7 billion if all projects currently under consideration move forward. Many of the projects face opposition from groups concerned about their environmental impact.
The full report is posted at https://lsbe.d.umn.edu/bber/bber_projects.php.