RED DOG AND NANA
Shared Values, Common Goals, Exceptional Results
After Congress settled the Alaska Native land claims, NANA exercised its right to take ownership of 120 square miles around the Red Dog deposit. In 1982, Cominco (now Teck Cominco) and NANA agreed to a lease with wide-ranging terms. Cominco agreed to finance, construct and operate the mine and mill, and market the zinc and lead concentrate. Cominco also assumed responsibility for employing and training NANA shareholders to staff the operation. This historic agreement lets NANA accomplish its goal of protecting the land as its shareholders pursue their traditional ways, aided by the modern technology afforded through good-paying mine jobs in a region of limited opportunities.
When it's time for the Red Dog story to end, there's a plan in place to return the mine to nature. The plan took years to develop - and was a collaborative effort with area residents. And to ensure there is money to implement the reclamation plan, Red Dog has posted a $156 million bond to ensure that taxpayers are not left to pay for the cleanup and that the land will be safe and reusable for future generations.
