U.S. Mining Industry Sees First Profitable Quarter in 2 Years

by
June 12, 2017

trump-coal-scThe U.S. mining industry had its first profitable quarter in two years in the first quarter of this year, according to data published last week by the U.S. Census Bureau.

In the first three months of 2017, U.S. mining corporations with assets of $50 million or more had combined after-tax profits of $1.957 billion, according to the Census Bureau, which has posted quarterly U.S. mining industry after-tax profits and losses going back to the fourth quarter of 2000.

The after-tax profit that the U.S. mining industry earned in the first quarter of this year was a dramatic reversal from the first quarter of last year, when mining corporations with assets of $50 million or more posted losses of $27.075 billion.

Prior to the first quarter of this year, the last quarter in which the U.S. mining industry earned a profit was in the third quarter of 2014, when the mining industry had $10.258 billion in profits.

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  • Walter Flatt

    CREDIT ALL TO TRUMP, WE NEED TO KICK OUT A BUNCH MORE DEMOCRATS AND LET THE PEOPLE THAT IS TRYING TO HELP OUR COUNTRY DO SO, INSTEAD OF GIVING EVERYTHING AWAY TO IRAN. JUST THINK HOW MUCH THE 300 BILLION DOLLAS THAT OBAMA GAVE TO IRAN WOULD HAVE DONE TO HELP THE UN-EMPLOYEED PEOPLE HEREL.

    FROM A REGISTERED DEMOCRAT, A KOREAN WAR VET, AND A CHRISTIAN. I AM AN AMERICAN AND PROUDLY, I VOTED FOR TRUMP. I AM 86 AND HAVE NEVER SEEN A MORE QUALIFIED PERSON TO BE PRESIDENT.

    TRUMP IS THE PRESIDENT OF THE USA AND CAN DE-CLASSIFY ANYTHING HE WANTS TO REGARDING GET THE JOB DONE. HE NEEDS TO FIRE EVERYONE CONNECTED TO THE DEMOCRATS AND REALLY INVESTIGATE THE REAL MUSLIM PROBLEM WE ARE FACING.

    5 CAMPS IN NORTH VA. CLOSE TO WASHINGTON, A MINIMUM OF 31 MORE CLOSE TO MILITARY BASES, AND A FEMA CAMP, (SOME STATES MORE), IN EVERY STATE. BUILT WITH TAX PAYER $. TO HOUSE MUSLIMS???

    PUBLIC LAW 414, PAGE 2, SECTION 212, WAS PASSED IN 1952 THAT BANS ALL PEOPLE TRYING TO DESTROY OUR COUNTY, AND MUSLIMS QUALIF TO BE DEPORTED.

    READ THE QURAN, THEIR BIBLE. IF THE CAMPS IN N. VA. ARE TO TAKE DC. WE WILL HAVE A LOT OF HEADLESS POLITICIANS.

    COULD IT BE THAT OBAMA ALONG WITH HILLIARY AND THE NEWS MEDIA, HAVE SET US UP FOR HIM TO LEAD A MUSLIM INVASION OF OUR COUNTRY? IF NOT,

    WHY TRY AND BUY UP ALL AMMO AND TAKE OUR GUNS.

    WHY, WHILE IN OFFICE, DID HE SET HIS CABINET WITH MOSTLY MUSLIMS.

    WHY WAS HILLIARY’S TOP AIDE A RADICAL MUSLIM,

    WHY IS THE DEMOCRAT PARTY FOR A OPEN BORDER. COULD IT BE TO GET FREE DOPE, GOODGLE, THE NEW CLINTON CHRONICLES 2015 AND LISTEN TO IT ALL.

    WHY ARE ALL MUSLIM CAMPS CLOSE TO OUR MILITARY BASES?

    LAST WHY, DID OBAMA SEND BILLIONS TO HIS MUSLIM FRIENDS.

    THIS COUNTRY HAD BETTER WAKE UP QUICK.

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