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NAICS Code 212220-01 Description (8-Digit)

Gold Ores is a subdivision of the Gold Ore and Silver Ore Mining industry, which involves the exploration, extraction, and processing of gold ore deposits to produce bullion. Gold ore is a type of ore that contains gold and other minerals, which can be extracted and refined for commercial use. The process of extracting gold from gold ore involves various methods such as crushing, grinding, and cyanidation.

Hierarchy Navigation for NAICS Code 212220-01

Parent Code (less specific)

Tools

Tools commonly used in the Gold Ores industry for day-to-day tasks and operations.

  • Crushers
  • Grinders
  • Cyanide tanks
  • Shakers
  • Flotation machines
  • Magnetic separators
  • Smelting furnaces
  • Refining equipment
  • Drills
  • Blasting equipment
  • Excavators
  • Haul trucks
  • Loaders
  • Bulldozers
  • Water pumps
  • Generators
  • Compressors
  • Analytical instruments
  • Safety equipment

Industry Examples of Gold Ores

Common products and services typical of NAICS Code 212220-01, illustrating the main business activities and contributions to the market.

  • Gold mining companies
  • Gold exploration firms
  • Gold ore processing plants
  • Gold bullion producers
  • Gold refining companies
  • Gold jewelry manufacturers
  • Gold investment firms
  • Gold coin producers
  • Gold exchange-traded funds (ETFs)
  • Gold futures traders

Certifications, Compliance and Licenses for NAICS Code 212220-01 - Gold Ores

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Mine Safety and Health Administration (MSHA) Certification: Required for all miners and mining contractors working in the US. The certification ensures that miners are trained in safety procedures and are aware of the potential hazards of mining. The MSHA provides the certification.
  • National Pollutant Discharge Elimination System (NPDES) Permit: Required for mining operations that discharge pollutants into US waters. The permit ensures that the discharge meets the Clean Water Act standards. The permit is issued by the Environmental Protection Agency (EPA).
  • Air Quality Permit: Required for mining operations that emit air pollutants. The permit ensures that the emissions meet the Clean Air Act standards. The permit is issued by the state or local air quality agency.
  • Occupational Safety and Health Administration (OSHA) Certification: Required for all miners and mining contractors working in the US. The certification ensures that miners are trained in safety procedures and are aware of the potential hazards of mining. The OSHA provides the certification.
  • Mine Safety and Health Training: Required for all miners and mining contractors working in the US. The training ensures that miners are trained in safety procedures and are aware of the potential hazards of mining. The training is provided by the MSHA.

History

A concise historical narrative of NAICS Code 212220-01 covering global milestones and recent developments within the United States.

  • The "Gold Ores" industry has a long and rich history worldwide. Gold has been used for currency, jewelry, and decoration for thousands of years. The first recorded gold discovery was in Egypt around 2600 BC. The ancient Greeks and Romans also used gold for currency and decoration. During the Middle Ages, gold was used for religious art and jewelry. The discovery of gold in the Americas in the 19th century led to the California Gold Rush, which attracted thousands of people to the region. In recent history, the "Gold Ores" industry in the United States has been impacted by the fluctuation of gold prices, environmental regulations, and technological advancements in mining equipment.

Future Outlook for Gold Ores

The anticipated future trajectory of the NAICS 212220-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Gold Ores industry in the USA is positive. The industry is expected to grow due to the increasing demand for gold in various industries such as jewelry, electronics, and aerospace. The industry is also expected to benefit from the rising gold prices, which will increase the profitability of gold mining companies. However, the industry is facing challenges such as declining gold reserves, increasing environmental regulations, and rising labor costs. To overcome these challenges, companies are investing in new technologies and exploring new mining sites. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 212220-01

Recent groundbreaking advancements and milestones in the Gold Ores industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Drones for Exploration: Drones are being used to explore new mining sites and to map the terrain. This technology helps in identifying potential mining sites and reduces the time and cost involved in exploration.
  • Use Of Autonomous Vehicles: Autonomous vehicles are being used in mining operations to transport materials and equipment. This technology reduces the risk of accidents and increases efficiency.
  • Use Of Big Data Analytics: Mining companies are using big data analytics to optimize their operations and to reduce costs. This technology helps in predicting equipment failures, optimizing production, and improving safety.
  • Use Of Renewable Energy: Mining companies are increasingly using renewable energy sources such as solar and wind power to reduce their carbon footprint and to lower energy costs.
  • Use Of Blockchain Technology: Blockchain technology is being used to track the origin of gold and to ensure that it is ethically sourced. This technology helps in reducing the risk of fraud and in promoting transparency in the supply chain.

NAICS Code 212220-01 - Gold Ores

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