Saturday, February 23, 2013

US Big Mining Corps 4Q 2012 Earnings Decline 27%

I found 6 US Mining Corps filing with the SEC, which have already released their 4Q 2012 earnings and which also generated Adjusted After-tax Net Income or Net Loss of more than $100 mil in either the 4Q 2012 or in the 4Q 2011.

These 6 US Mining Corps generated Total Adjusted After-tax Net Income of $1,740 mil in the 4Q 2012, down 27% from the 4Q 2011.  Peabody Energy was the main driver of this large earnings decline.    

Below is the Ongoing, Adjusted After-tax Net Income of these 6 US Mining Corps for both the 4Q 2012 and the 4Q 2011.


4Q 2012 4Q 2011


Non-GAAP Non-GAAP


Adjusted Adjusted Increase Increase
Net Net (Decrease) (Decrease)
Company Income Income Amount %

mils of $s mils of $s mils of $s
Mining








Freeport McMoran 743 640 103 16%
Newmont Mining 552 577 (25) -4%
Southern Copper 532 537 (5) -1%
CONSOL Energy 150 196 (46) -23%
Cliffs Natural Resources 58 197 (139) -71%
Peabody Energy (295) 238 (533) -224%





Total all 6 1,740 2,385 (645) -27%