Who we are
Koniag, Inc. (the Company) is a regional corporation formed pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA). The Company is owned by 3,879 Alaska Native Shareholders. Approximately 60% of the Shareholders live within the state of Alaska.
ANCSA settled the aboriginal land claims of the Alaska Native people by providing for conveyance of money, land and other natural resources to regional corporations and village corporations within each region. The Company’s original share of this entitlement was $24 million and approximately 800 acres of surface estate and approximately 900,000 acres of subsurface estate.
As of March 31, 2012, the Company has interim conveyance or patent to approximately 105,000 acres of surface estate and approximately 900,000 acres of subsurface estate. The additional surface estate received is a result of a merger with two village corporations and the subsurface is entitled under ANCSA.
The Company continues to pursue a business strategy that reduces risk through diversification while focusing on improved profitability and growth by investing in and developing greater expertise in core businesses and industries. This strategy has driven and continues to drive investment and divestiture decisions of the Company.
Each year a list of 75 Cool Places to Work in Michigan is published by Crain’s Detroit Business. Koniag’s subsidiary, Open Systems Technologies in Grand Rapids was ranked #7 for 2014. Congratulations OST! Keep up the good work!
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This is a very important time of year for Koniag, for two reasons. First, we are in the final days of our fiscal year, which ends next Tuesday on March 31st. Second, the call for nominations for Koniag Board members is underway and also closes on March 31st.
Shareholders have mentioned to us that it [...]more
Nominations are open for shareholders seeking election to the Koniag, Inc. Board of Directors. Three seats are up for election at the Annual Meeting of Shareholders. All valid nominations will be included in the Corporation’s Proxy Statement. The application deadline is 5:00 pm, Tuesday, March 31, 2015. Click on the hyperlink below for an electronic [...]more