This past week a new coal mine was opened in the United States for the first time in six years.
The new mine which was opened by the Corsa Coal Company will be a shot in the arm, economically speaking, to Somerset County, Pennsylvania.
It’s not just Pennsylvania and the coal industry that are excited about what’s happening in Coal Country under President Trump, it’s the workers too. The opening of the new mine means 100 new jobs are opening up, and more miners are getting back to work. “I’m back to work,” an Arnold’s Machinery employee told the Week. “It’s real. Did Trump do it all? I don’t think so. But America voted in a man who was for our jobs.” Another Arnold’s employee, a branch manager, echoed those sentiments as he perused the most recent energy numbers.
In another room at Arnold’s, branch manager Adam Coleman fixed his eyes on statistics tracking economic trends. Electricity had flatlined, and to Coleman, this was good news.
“I can’t put fully into words this feeling I’m feeling, but it is much better,” Coleman said. “I believe the economy as a whole is going to recover and when it does, electrical use will increase. It’s not going down, so that’s a good thing. We’ll be back.”
Coleman is right. In fact, the U.S. mining industry just saw its 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.
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.
It seems that President Trump has brought a swift end to the Obama administration’s “War on Coal.” A war that would have continued had Rust Belt voters cast their ballots for Hillary Clinton. In fact, these numbers and the work the President has already done to bring manufacturing and mining jobs back to the Midwest are the exact reason that he was able to win in Pennsylvania, Michigan, Ohio, Indiana, Kentucky and Wisconsin.
Pennsylvania’s miners appreciate the work that President Trump is doing, and i’d bet they’ll remember what he’s done for them in 2020. If you’re not so sure, check out their reaction to the President in the video below.
“I’m absolutely thrilled to be speaking with you on this great, great day. The miners of Pennsylvania — we’re digging coal again.”