IndustriusCFO
  • Products
    • For Business Advisors
    • For Business Owners & Executives
    • For Research – Industry Average Ratios
  • How It Works
  • About Us
  • Resources
    • One-on-One Demo
    • Sample Reports
    • Free Trial
    • FAQ
    • Support Center
    • Contact Us
  • Pricing
  • Blog
  • SIGN IN
Select Page
  • Products
    • For Business Advisors
    • For Business Owners & Executives
    • For Research – Industry Average Ratios
  • How It Works
  • About Us
  • Resources
    • One-on-One Demo
    • Sample Reports
    • Free Trial
    • FAQ
    • Support Center
    • Contact Us
  • Pricing
  • Blog
  • SIGN IN

NAICS 21 - Mining

  • NAICS 21 - Mining
    NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration

The Sector as a Whole

The Mining sector comprises establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. The term mining is used in the broad sense to include quarrying, well operations, beneficiating (e.g., crushing, screening, washing, and flotation), and other preparation customarily performed at the mine site, or as a part of mining activity.

The Mining sector distinguishes two basic activities: mine operation and mining support activities. Mine operation includes establishments operating mines, quarries, or oil and gas wells on their own account or for others on a contract or fee basis. Mining support activities include establishments that perform exploration (except geophysical surveying) and/or other mining services on a contract or fee basis (except mine site preparation and construction of oil/gas pipelines).

Establishments in the Mining sector are grouped and classified according to the natural resource mined or to be mined. Industries include establishments that develop the mine site, extract the natural resources, and/or those that beneficiate (i.e., prepare) the mineral mined. Beneficiation is the process whereby the extracted material is reduced to particles that can be separated into mineral and waste, the former suitable for further processing or direct use. The operations that take place in beneficiation are primarily mechanical, such as grinding, washing, magnetic separation, and centrifugal separation. In contrast, manufacturing operations primarily use chemical and electrochemical processes, such as electrolysis and distillation. However, some treatments, such as heat treatments, take place in both the beneficiation and the manufacturing (i.e., smelting/refining) stages. The range of preparation activities varies by mineral and the purity of any given ore deposit. While some minerals, such as petroleum and natural gas, require little or no preparation, others are washed and screened, while yet others, such as gold and silver, can be transformed into bullion before leaving the mine site.

Mining, beneficiating, and manufacturing activities often occur in a single location. Separate receipts will be collected for these activities whenever possible. When receipts cannot be broken out between mining and manufacturing, establishments that mine or quarry nonmetallic minerals, beneficiate the nonmetallic minerals into more finished manufactured products are classified based on the primary activity of the establishment. A mine that manufactures a small amount of finished products will be classified in Sector 21, Mining. An establishment that mines whose primary output is a more finished manufactured product will be classified in Sector 31-33, Manufacturing.

This industry is comprised of:

NAICS 211 - Oil and Gas Extraction

NAICS 212 - Mining (except Oil and Gas)

NAICS 213 - Support Activities for Mining

With IndustriusCFO You Get

What Is Industrius CFO?

A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.

Sound Business Analysis

Answeres comes easily with Industrius CFO. 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.

Want the full suite? Try IndustriusCFO FREE for 14 days!

REGISTER
Buy thE Detailed Report

This report includes the ability to segment your Industry by:

  • Region
  • Employees
  • Net Sales
  • Company Age
  • Total Assets
  • Ownership Type
Download sample reports

IndustriusCFO

A C-leveled Company
Copyright 2015 Industrius, LLC
Terms of Use |Privacy Policy

Credit Card Processing

Contact

4117 Liberty Avenue
Pittsburgh PA 15224
Phone: (412) 325-8040
E-mail: info@industriuscfo.com

Blog

  • Three Secrets to Small Business Growth
  • Increase Your Value Using Financial Analysis Software

Join Us on Social