Fortune Shows Mining Sales Up 17.8% In 1966

The elite group of companies below represent the mining sector of Fortune magazine's June Directory listing the 500 U.S. industries that chalked up the largest dollar sales volume in 1966. The companies are listed according to their 1966 sales rank, which is given along with their 1965 rank for comparative purposes. All of the firms except two-Freeport Sulphur and Texas Gulf Sulphur-were in the Fortune Directory last year, and both these exceptions have been counted among the top 500 in former years. The one mining name that is missing from last year's list-Consolidation Coal-has actually jumped from number 217 to 4 by virtue of its merger with Continental Oil. As can be seen from the Industry Medians, the mining industry as a whole boosted its sales 17.8%, in 1966, making it the seventh largest gainer among the 22 industrial classifications covered in the Directory. By comparison, 1965 mining sales increased 10.2%, a gain which was surpassed by 13 other industries. In two other comparative tables, mining leads the field, topping the entire list in return on sales and in assets per employee.