NAICS 213115 - Support Activities for Nonmetallic Minerals (except Fuels) Mining
This U.S. industry comprises establishments primarily engaged in providing support activities, on a fee or contract basis, for the mining and quarrying of nonmetallic minerals (except fuel) and for the extraction of nonmetallic minerals (except site preparation and related construction activities). Exploration for minerals is included in this industry. Exploration (except geophysical surveying and mapping services) includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites.
Industry trends:
The NAICS 213115 encompasses support activities for nonmetallic minerals (except fuels) mining, a sector that has been witnessing significant qualitative shifts influenced by technological innovations, regulatory changes, and sustainability concerns. One of the prominent trends is the increasing adoption of advanced technologies, such as automation and remote monitoring, aimed at enhancing operational efficiency and safety. Companies are leveraging AI and IoT for predictive maintenance and optimizing resource extraction processes, reducing downtime and operational costs.
Another noteworthy trend is the growing emphasis on environmental sustainability. There is a rising demand for greener mining practices driven by both regulatory pressures and corporate social responsibility. Firms in this sector are exploring eco-friendly excavation methods, reclamation practices, and the reduction of water and energy usage, aiding in minimizing their environmental footprint.
Workforce development is also changing, with an increasing focus on upskilling workers to handle sophisticated machinery and data analytics tools. This shift is being facilitated through targeted training programs and partnerships with educational institutions.
In the near future, it is anticipated that the integration of blockchain technology will further streamline supply chain operations, ensuring transparency and traceability. Additionally, the sector is likely to see heightened mergers and acquisitions activity as companies aim to consolidate resources and capabilities to achieve economies of scale and remain competitive in a challenging market environment.
This industry is comprised of:
Blasting services, nonmetallic minerals mining (except fuels) on a contract basis
Boring test holes for nonmetallic minerals mining (except fuels) on a contract basis
Draining or pumping of nonmetallic mineral mines (except fuels) on a contract basis
Drilling services for nonmetallic mineral (except fuels) mining on a contract basis
Exploration services for nonmetallic minerals (except geophysical surveying and mapping) on a contract basis
Mine development for nonmetallic minerals mining (except fuels) on a contract basis
Mine shaft sinking services for nonmetallic minerals (except fuels) on a contract basis
Mine tunneling services for nonmetallic minerals (except fuels) on a contract basis
Nonmetallic minerals mining support services (e.g., blasting, shaft sinking, tunneling) (except site preparation and related construction contractor activities)on a contract basis
Overburden removal for nonmetallic minerals mining (except fuels) on a contract basis
Prospect and test drilling services for nonmetallic mineral mining (except fuels) on a contract basis
Pumping or draining nonmetallic mineral mines (except fuel) on a contract basis
Removal of overburden for nonmetallic minerals mining (except fuels) on a contract basis
Stripping overburden services for nonmetallic minerals mining (except fuels) on a contract basis
Test drilling for nonmetallic minerals mining (except fuel) on a contract basis
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
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.
Your Business’ Health In Minutes
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.