NAICS Code 523999-04 - Mining Brokers

Marketing Level - NAICS 8-Digit

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NAICS CODE 523999-04
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NAICS Code 523999-04 Description (8-Digit)

Mining Brokers are professionals who facilitate the buying and selling of mining properties, mineral rights, and mining businesses. They act as intermediaries between buyers and sellers, providing expertise and guidance throughout the transaction process. Mining Brokers are knowledgeable about the mining industry and have a deep understanding of the market trends, mineral values, and regulatory requirements. They work closely with their clients to identify their needs and goals, and then use their expertise to find the best opportunities that meet those requirements. Mining Brokers play a crucial role in the mining industry by helping to connect buyers and sellers and ensuring that transactions are completed smoothly and efficiently.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 523999 page

Tools

Tools commonly used in the Mining Brokers industry for day-to-day tasks and operations.

  • Mineral valuation software
  • Geological mapping software
  • Mining claim databases
  • Mineral rights databases
  • Market analysis tools
  • Financial modeling software
  • Contract management software
  • Due diligence checklists
  • Environmental impact assessment tools
  • Regulatory compliance software

Industry Examples of Mining Brokers

Common products and services typical of NAICS Code 523999-04, illustrating the main business activities and contributions to the market.

  • Mineral exploration companies
  • Mining equipment manufacturers
  • Mining consulting firms
  • Mining investment firms
  • Mining contractors
  • Mineral processing companies
  • Mining investors
  • Mining royalty companies
  • Mining technology providers
  • Mining research organizations

History

A concise historical narrative of NAICS Code 523999-04 covering global milestones and recent developments within the United States.

  • The "Mining Brokers" industry has a long history dating back to the early days of mining. In the 19th century, mining brokers played a crucial role in the development of the mining industry by providing financing and expertise to mining companies. They helped to identify promising mining sites, secure funding, and manage the extraction and sale of minerals. In the United States, the industry saw significant growth during the Gold Rush of the mid-1800s, as mining brokers helped to finance and manage the extraction of gold and other minerals. In recent years, the industry has faced challenges due to fluctuations in commodity prices and increased competition from other financial services providers.