Alaska Native corporations could see a huge windfall under a proposed gold mine in southwest Alaska.
A group of mining companies wants to develop an area known as Donlin Creek. The value of the gold deposit there is estimated at $26 billion.
Two corporations would gain revenues and jobs if the mine is approved.
Calista, a regional corporation, owns the mineral rights and Kuskokwim, a village corporation, owns the surface rights to the land being eyed for development.
"I'm hopeful for the mine and hopeful for prosperity in the region," Joe Obrochta,, an executive for Calista subsidiary that has been doing exploratory work at the site, told The Anchorage Daily News.
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Donlin gold prospect nears permit stage
(The Anchorage Daily News 4/29)
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