Monday, 21 March 2016

U.S. Mining & Extractive Industries: 2015 Losses Wipe Out Profits Of the Peak Of the Bubble Years

From Real Time Economics:

U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years

The U.S. mining industry—a sector that includes oil drillers—lost more money last year than it made in the previous eight.

Mining corporations with assets of $50 million or more recorded a
collective $227 billion after-tax loss last year, according to Commerce Department data released Monday. That

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