NAICS 2123 - Nonmetallic Mineral Mining and Quarrying
NAICS 2123 - NONMETALLIC MINERAL MINING AND QUARRYING
View full description Collapse full description
This industry group comprises establishments primarily engaged in developing mine sites, or in mining or quarrying nonmetallic minerals (except fuels). Also included are certain well and brine operations, and preparation plants primarily engaged in beneficiating (e.g., crushing, grinding, washing, and concentrating) nonmetallic minerals.
Beneficiation is the process whereby the extracted material is reduced to particles which 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.
Explore the industry hierarchy
Drill down to explore more specific industries.
Industry trends
The nonmetallic mineral mining and quarrying industry (NAICS 2123) has been undergoing significant shifts influenced by advancements in technology, sustainability concerns, and evolving regulatory landscapes. One prominent trend is the increasing integration of automation and digital technologies. Companies are investing in advanced machinery, drones, and AI-powered systems for exploration, extraction, and safety management. These technologies enhance operational efficiency, reduce labor costs, and improve safety conditions.
Sustainability is also a driving trend, with an emphasis on reducing environmental impacts and adhering to stricter environmental regulations. Firms are implementing more sustainable mining practices, such as water recycling, dust control, and reclamation projects to restore mined areas. There is a growing focus on sourcing materials responsibly and transparently, responding to consumer and regulatory pressures for ethical supply chains.
Looking ahead, the demand for construction materials like sand, gravel, and stone is expected to rise, driven by infrastructure development and urbanization, especially in emerging markets. The increased focus on green buildings and sustainable construction materials is likely to open new opportunities for the industry. However, companies may face challenges related to regulatory compliance and the need to innovate continually to meet environmental standards.
- Investment in renewable energy and grid modernization continues to accelerate.
- Regulatory changes and sustainability initiatives are shaping long-term growth.
- Operational efficiency and technology adoption are key focus areas.
Get the Full Industry Report
In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.