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

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U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years Vide
PostSubject: U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years   U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years Icon_minitimeWed Mar 23, 2016 6:11 pm
The U.S. mining industry—a sector that includes oil drillers—lost more money last year than it made in the previous eight.

U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years BN-NE424_MinePr_P_20160321115914

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 loss essentially wipes out all the profits the industry had made since 2007.

http://blogs.wsj.com/economics/2016/03/21/u-s-mining-losses-last-year-wipe-out-profits-from-past-eight-years/
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U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years

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