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THURSDAY, MAY 16, 2002

An Alaska Native corporation is losing money on the world largest open-pit zinc mine.

NANA Regional Corp. posted an $8.7 million loss last year, its first since 1993. This was attributed in part to a poor zinc market, as the corporations royalties from the mine fell by $1.5 million.

The mine is located on corporation land. The mine operator is expecting to lose $40 million to $50 million.

Get the Story:
NANA expects big loss at mine (The Anchorage Daily News 5/16)