Utah’s mineral extraction industry recorded a successful year on 2009, according to a recently released publication.
The Utah Geological Survey’s (UGS) 2009 Summary of Mineral Activity in Utah publication reveals that despite a recession induced dip from peak commodity values in 2008, Utah ranked third nationally in the value of nonfuel minerals produced in 2009, accounting for about 7% of the total value of U.S. production. Utah mines and energy companies produced a gross value of $6.97 billion in mineral and energy commodities in 2009 from oil gas (37%), base metals (31%), industrial minerals (14%), coal-uranium (9%), and precious metals (9%). All sectors suffered a dip from mid-2008, except for precious metals which expanded on higher prices.
