The Arizona Mining Association has released the latest annual economic analysis of the copper industry in Arizona, covering 2010. [Right, electrowinning facility at Freeport's Morenci mine. Credit, Larry Fellows]
Some key results:Arizona produced 797,408 tons of copper and byproduct minerals (down 2% from 2009), accounting for 63% of the copper mined in the U.S., with a total value of $6.034 billion (that's an increase of 42% over 2009)
The total direct economic impact of Arizona's copper production was $3.676 billion, including $194.4 million in taxes and fees to state and local governments (up 28% over 2009), $2.512 billion in services and products purchased (up 19% from 2009), and $970 million in income (up 26% over 2009) to 10,400 Arizona employees.
The combine direct and indirect economic contributions for 2010 exceeded $12.1 billion (up 31%).
The study was prepared for the AMA by Dr. George F. Leaming of the Western Economic Analysis Center, in Marana, AZ.
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