MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

Bucyrus posts 38.5% jump in profit

Milwaukee Journal-Sentinel (April 24, 2009) - Even in a soft global economy, Bucyrus International said Friday it continues to have a solid backlog of mining equipment orders. The South Milwaukee company posted a 38.5% profit increase in the three months ended March 31. Net income rose to $56.9 million, or 76 cents a share, from $41.1 million, or 55 cents, in the year-earlier quarter.
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VIDEO: Cautious optimism in the mining sector as South Africa’s new government takes office

The sector employs nearly half a million people and contributes about 7% to the country's GDP.