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

The 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...more