NAICS Code 541690-15 - Minerals

Marketing Level - NAICS 8-Digit

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NAICS Code 541690-15 Description (8-Digit)

The Minerals industry involves the exploration, extraction, processing, and distribution of naturally occurring solid substances that are mined from the earth. These substances include metals, such as gold, silver, and copper, as well as non-metallic minerals, such as coal, salt, and diamonds. The industry is essential for the production of a wide range of products, including construction materials, electronics, and energy.

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 541690 page

Tools

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

  • Drills
  • Blasting equipment
  • Excavators
  • Bulldozers
  • Loaders
  • Crushers
  • Conveyors
  • Separators
  • Flotation machines
  • Magnetic separators
  • Gravity separators
  • Dewatering equipment
  • Sampling equipment
  • Analytical instruments
  • Explosives
  • Pumps
  • Compressors
  • Generators
  • Heavy-duty trucks

Industry Examples of Minerals

Common products and services typical of NAICS Code 541690-15, illustrating the main business activities and contributions to the market.

  • Coal mining
  • Gold mining
  • Silver mining
  • Copper mining
  • Iron ore mining
  • Diamond mining
  • Salt mining
  • Potash mining
  • Phosphate mining
  • Sand and gravel mining
  • Stone quarrying
  • Mineral processing
  • Mineral exploration
  • Mineral trading
  • Mineral research
  • Mineral testing
  • Mineral engineering
  • Mineral consulting
  • Mineral investment

History

A concise historical narrative of NAICS Code 541690-15 covering global milestones and recent developments within the United States.

  • The Minerals industry has a long and rich history dating back to ancient times. The Egyptians, for example, used minerals such as copper and gold to create jewelry and other decorative objects. The Greeks and Romans also used minerals for decorative purposes, but they also used them for medicinal purposes. During the Middle Ages, minerals were used for alchemy and the creation of pigments for painting. In the 18th and 19th centuries, the Industrial Revolution led to a surge in demand for minerals such as coal, iron, and copper, which were used to power machines and build infrastructure. In the United States, the California Gold Rush of the mid-1800s led to a boom in the mining industry, and the discovery of oil in Texas in 1901 led to the development of the petroleum industry. In recent history, the Minerals industry has faced a number of challenges. Environmental concerns have led to increased regulation of mining operations, and the industry has had to adapt to changing market conditions. The rise of renewable energy sources such as wind and solar power has led to a decrease in demand for coal and other fossil fuels, which has had a significant impact on the mining industry. However, the industry has also seen technological advancements that have made mining operations more efficient and environmentally friendly. For example, the use of automation and robotics has reduced the need for human labor in dangerous mining operations, and the development of new extraction techniques has made it possible to extract minerals from previously inaccessible locations. Overall, the Minerals industry has a rich history of innovation and adaptation, and it will continue to play an important role in the global economy for years to come.