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Copper Industry REMAINED
MAJOR ECONOMIC CONTRIBUTOR IN 2009PHOENIX, May 19,2010 - Arizona's economy gained almost $9.3 billion and 52,500 Arizona residents had jobs in 2009 as a result of the combined direct and indirect contributions of the copper industry to personal, business and government income in the state. The numbers are revealed in the annual study prepared for the Arizona Mining Association (AMA). Assisting with the overall performance of the copper industry was a gradual rise in copper prices as the market moved into 2009 from the lows seen in the previous year. "Despite the challenges from the recession, the copper industry remains a major economic power in the state," said AMA President Sydney Hay. "The numbers show the continued importance and value of copper mining." George Learning of the Western Economic Analysis Center in Marana prepared this annual study. He found the amount of copper produced by the state's copper industry fell to about 814,000 tons, 13 percent less than the year before. Looking at the combined direct and indirect impact of almost $9.3 billion in 2009, the report finds $2.6 billion in personal income; $6.2 billion in business sales and $468 million in state and local government revenues. Looking at the direct impact of more than $3 billion in 2009, the report finds $767 million in personal income, $2.1 billion in business sales and almost $1 52 million in state and local government revenues. Total, direct employment in Arizona's copper mines and process facilities in 2009 was about 9,100 employees, compared with 1 1,200 in 2008. Copies of the report are available from the AMA, and a PDF file can be downloaded from the association's web site, www.azcu.org. The Arizona Mining Association was established in 1965 as a non-profit business league. Its mission is to acquire and disseminate educational, business and scientific information that is essential to the formation of sound public polices affecting the Arizona mining industry. Copper producers who participated in the report and who have active mineral production in Arizona are ASARCO LLC, BHP Copper Inc., Freeport-McMoRan Copper & Gold Inc., Carlota Copper Co., Nord Resources, and Mercator Minerals. #  Click here to download the report
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