Blog #Mining Equipment Financing

The last couple years have been great for the mining industry and looking forward, there’s no reason to expect the recovery to lose any steam. Analysts are optimistic about the continued recovery and generally agree that the mining industry will see significant growth and prosperity over the coming years. Increased bottom-line numbers for mining companies prove the recovery is real. Mining companies across The United States and Canada are seeing the trend of increased profits continue. Companies such as Rio Tinto, Freeport-McMoRan and Anglo-American reported strong financial profits and significantly improved cash flow for FY2018; a trend we’ve seen for three years in a row now. The recovery started a couple years ago, triggered by healthy macroeconomic fundamentals, hefty reserves and deregulation implemented by the Trump Administration.