This U.S. industry comprises establishments primarily engaged in developing the mine site, mining and/or milling or otherwise beneficiating (i.e., preparing) nonmetallic minerals (except stone, sand, gravel, clay, ceramic, refractory minerals, chemical and fertilizer minerals).
The NAICS 212399 category, which encompasses all other nonmetallic mineral mining, is witnessing several qualitative trends. One significant trend is the increasing demand for sustainable and environmentally friendly mining practices. Companies within this sector are adopting greener technologies to reduce their carbon footprint and adhere to stricter environmental regulations. This shift not only aims to minimize the impact on ecosystems but also caters to the rising consumer and stakeholder expectations for sustainability.
Another notable trend is the integration of advanced technologies such as artificial intelligence (AI) and automation in mining operations. These technologies are optimizing resource extraction and enhancing operational efficiency, leading to cost reductions and improved safety conditions for workers. AI-driven predictive maintenance and data analytics are also being used to extend the lifespan of mining equipment and improve decision-making processes.
In terms of market dynamics, there is a continuing fluctuation in commodity prices, influenced by economic uncertainties and geopolitical factors. However, the demand for nonmetallic minerals used in construction, agriculture, and industrial applications remains strong. Forecasts indicate a stable growth trajectory for the near future, driven by infrastructure development projects across various regions.
Looking ahead, industry players are likely to focus on innovation and strategic partnerships to stay competitive. There will be an emphasis on exploring new mining sites and expanding existing ones to meet the growing demand. Furthermore, investment in research and development will be crucial to discovering more efficient and environmentally sustainable mining methods.
Abrasive stones (e.g., emery, grindstones, hones, pumice) mining and/or beneficiating
Abrasives, natural, mining and/or beneficiating
Agate mining and/or beneficiating
Alabaster mining and/or beneficiating
Amethyst mining and/or beneficiating
Asbestos mining and/or beneficiating
Ash, volcanic, mining and/or beneficiating
Asphalt rock mining and/or beneficiating
Asphalt, native, mining and/or beneficiating
Burrstones, natural, mining and/or beneficiating
Calcite mining and/or beneficiating
Catlinite mining and/or beneficiating
Chasers mining and/or beneficiating
Corundum mining and/or beneficiating
Cryolite mining and/or beneficiating
Diamonds, industrial, mining and/or beneficiating
Diatomaceous earth mining and/or beneficitating
Diatomite mining and/or beneficiating
Dragstones mining and/or beneficiating
Earth, diatomaceous, mining and/or beneficiating
Emery mining and/or beneficiating
Fill dirt pits mining and/or beneficiating
Garnet mining and/or beneficiating
Gem stone (e.g., amethyst, garnet, agate, ruby, sapphire, jade) mining and/or beneficiating
Gilsonite mining and/or beneficiating
Grahamite mining and/or beneficiating
Graphite mining and/or beneficiating
Greensand mining and/or beneficiating
Grinding pebbles mining and/or beneficiating
Grindstones mining and/or beneficiating
Gypsite mining and/or beneficiating
Gypsum mining and/or beneficiating
Hones mining and/or beneficiating
Humus, peat, mining and/or beneficiating
Iceland spar (i.e., optical grade calcite), mining and/or beneficiating
Jade mining and/or beneficiating
Meerschaum mining and/or beneficiating
Mica mining and/or beneficiating
Millstones mining and/or beneficiating
Muscovite mining and/or beneficiating
Native asphalt mining and/or beneficiating
Natural abrasives (e.g., emery, grindstones, hones, pumice) (except sand) mining and/or beneficiating
Oilstones mining and/or beneficiating
Optical grade calcite mining and/or beneficiating
Ozokerite mining and/or beneficiating
Pavers mining and/or beneficiating
Peat grinding
Peat humus mining and/or beneficiating
Peat mining and/or beneficiating
Pebbles grinding
Perlite mining and/or beneficiating
Phlogopite mining and/or beneficiating
Pipestones mining and/or beneficiating
Pozzolana mining and/or beneficiating
Precious stones mining and/or beneficiating
Pulpstones, natural, mining and/or beneficiating
Pumice mining and/or beneficiating
Pumicite mining and/or beneficiating
Pyrophyllite mining and/or beneficiating
Quartz crystal, pure, mining and/or beneficiating
Reed peat mining and/or beneficiating
Rubbing stones mining and/or beneficiating
Ruby mining and/or beneficiating
Sandstone, bituminous, mining and/or beneficiating
Sapphire mining and/or beneficiating
Scoria mining and/or beneficiating
Screening peat
Scythestones mining and/or beneficiating
Sedge peat mining and/or beneficiating
Selenite mining and/or beneficiating
Semiprecious stones mining and/or beneficiating
Shell mining and/or beneficiating
Shredding peat mining and/or beneficiating
Soapstone mining and/or beneficiating
Spar, iceland, mining and/or beneficiating
Staurolite mining and/or beneficiating
Steatite mining and/or beneficiating
Stones, abrasive (e.g., emery, grindstones, hones, pumice), mining and/or beneficiating
Talc mining and/or beneficiating
Tripoli mining and/or beneficiating
Turquoise mining and/or beneficiating
Vermiculite mining and/or beneficiating
Volcanic ash mining and/or beneficiating
Whetstones mining and/or beneficiating
Wollastonite mining and/or beneficiating
Wurtzilite mining and/or beneficiating
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.