NAICS Code 423520-02 - Coal & Other Minerals & Ores (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

10

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NAICS Code 423520-02 Description (8-Digit)

The Coal & Other Minerals & Ores (Wholesale) industry involves the wholesale distribution of coal, minerals, and ores to various industries such as manufacturing, construction, and energy. Companies in this industry purchase these materials from producers and sell them to retailers, industrial users, and other wholesalers. The industry plays a crucial role in the supply chain of various industries that rely on these materials for their operations.

Hierarchy Navigation for NAICS Code 423520-02

Tools

Tools commonly used in the Coal & Other Minerals & Ores (Wholesale) industry for day-to-day tasks and operations.

  • Crushers
  • Conveyors
  • Loaders
  • Excavators
  • Drills
  • Blasting equipment
  • Screening equipment
  • Weighing scales
  • Sampling equipment
  • Dust suppression systems
  • Magnetic separators
  • Gravity separators
  • Flotation machines
  • Dewatering equipment
  • Pumps
  • Haul trucks
  • Railcars
  • Barges
  • Shipping containers
  • Forklifts

Industry Examples of Coal & Other Minerals & Ores (Wholesale)

Common products and services typical of NAICS Code 423520-02, illustrating the main business activities and contributions to the market.

  • Iron ore
  • Gold ore
  • Silver ore
  • Copper ore (excluding Copper (Wholesale))
  • Zinc ore
  • Lead ore
  • Nickel ore
  • Tin ore
  • Uranium ore
  • Bauxite
  • Potash
  • Phosphate rock
  • Gypsum
  • Limestone
  • Salt
  • Coal ash (excluding Coal & Coke (Wholesale))
  • Silica sand
  • Kaolin clay
  • Bentonite

Certifications, Compliance and Licenses for NAICS Code 423520-02 - Coal & Other Minerals & Ores (Wholesale)

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 workers who work in coal mines, this certification ensures that workers are trained in safety procedures and are aware of the hazards of working in a mine. The certification is provided by the Mine Safety and Health Administration.
  • Hazardous Materials Endorsement (HME): Required for drivers who transport hazardous materials, including coal and other minerals and ores. The endorsement is provided by the Transportation Security Administration.
  • Environmental Protection Agency (EPA) Certification: Required for workers who handle hazardous waste, including coal and other minerals and ores. The certification ensures that workers are trained in the proper handling and disposal of hazardous waste. The certification is provided by the Environmental Protection Agency.
  • Occupational Safety and Health Administration (OSHA) Certification: Required for workers who work in the mining industry, this certification ensures that workers are trained in safety procedures and are aware of the hazards of working in a mine. The certification is provided by the Occupational Safety and Health Administration.
  • National Institute for Occupational Safety and Health (NIOSH) Certification: Required for workers who work in the mining industry, this certification ensures that workers are trained in safety procedures and are aware of the hazards of working in a mine. The certification is provided by the National Institute for Occupational Safety and Health.

History

A concise historical narrative of NAICS Code 423520-02 covering global milestones and recent developments within the United States.

  • The "Coal & Other Minerals & Ores (Wholesale)" industry has a long and rich history worldwide. The industry started to develop in the 19th century when coal became a primary source of energy for industrialization. The discovery of new mineral deposits and the development of new mining technologies led to the growth of the industry. In the United States, the industry experienced significant growth during the 20th century, driven by the country's industrialization and the demand for coal and other minerals. In recent years, the industry has faced challenges due to the increasing use of renewable energy sources and the declining demand for coal. However, the industry continues to play a vital role in the global economy, providing essential minerals for various industries.

Future Outlook for Coal & Other Minerals & Ores (Wholesale)

The anticipated future trajectory of the NAICS 423520-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Shrinking

    The future outlook for the Coal & Other Minerals & Ores (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for minerals and ores in various sectors such as construction, manufacturing, and energy. The growth of the construction industry, particularly in emerging economies, is expected to drive the demand for minerals and ores. Additionally, the increasing demand for renewable energy sources such as wind and solar power is expected to drive the demand for minerals such as lithium, cobalt, and nickel. However, the industry may face challenges due to the increasing competition from other countries such as China and India, which have lower labor and production costs. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423520-02

Recent groundbreaking advancements and milestones in the Coal & Other Minerals & Ores (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The Use Of Drones for Mineral Exploration: Drones equipped with sensors and cameras are being used to explore mineral deposits in remote areas. This technology helps in identifying mineral deposits that are difficult to access and reduces the cost of exploration.
  • Blockchain Technology for Mineral Tracking: Blockchain technology is being used to track the origin and movement of minerals and ores. This technology helps in ensuring the ethical and sustainable sourcing of minerals and reduces the risk of fraud.
  • Automation In Mining: Automation is being used in mining operations to increase efficiency and reduce labor costs. Autonomous trucks, drills, and other equipment are being used to extract minerals and ores.
  • Use Of Artificial Intelligence In Mineral Processing: Artificial intelligence is being used to optimize mineral processing operations. AI algorithms are being used to analyze data from sensors and cameras to improve the efficiency of mineral processing.
  • Development Of New Mining Technologies: Companies are investing in the development of new mining technologies such as in-situ mining, which involves extracting minerals from ore bodies without the need for excavation. These technologies help in reducing the environmental impact of mining and improving the efficiency of mineral extraction.

NAICS Code 423520-02 - Coal & Other Minerals & Ores (Wholesale)

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