Skip to content
iCFO
  • Products
  • How it works
  • AI Insights
  • About us
    • Support
    • One on One
    • Sample reports
    • FAQ
    • Industry Search
  • Pricing
  • Blog
Sign In Start Free Trial Sign Up for Free
Home › Industry Metrics › NAICS 213

NAICS 213 - Support Activities for Mining

NAICS 213 - SUPPORT ACTIVITIES FOR MINING
NAICS 211 Oil and Gas Extraction NAICS 212 Mining (except Oil and Gas) NAICS 213 Support Activities for Mining
Buy the detailed report

Industries in the Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites. The activities performed on a contract or fee basis by establishments in the Support Activities for Mining subsector are also often performed in-house by mining operators. These activities include: taking core samples, making geological observations at prospective sites, excavating slush pits and cellars, and such oil and gas operations as spudding in, drilling in, redrilling, directional drilling, well surveying; running, cutting, and pulling casings, tubes and rods; cementing wells, shooting wells; perforating well casings; acidizing and chemically treating wells; and cleaning out, bailing, and swabbing wells.

View full description › Collapse full description ›

Industries in the Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites.

The activities performed on a contract or fee basis by establishments in the Support Activities for Mining subsector are also often performed in-house by mining operators. These activities include: taking core samples, making geological observations at prospective sites, excavating slush pits and cellars, and such oil and gas operations as spudding in, drilling in, redrilling, directional drilling, well surveying; running, cutting, and pulling casings, tubes and rods; cementing wells, shooting wells; perforating well casings; acidizing and chemically treating wells; and cleaning out, bailing, and swabbing wells.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 21 Mining
NAICS 213 Support Activities for Mining
NAICS 2131 Support Activities for Mining
NAICS 21311 Support Activities for Mining
NAICS 213111 Drilling Oil and Gas Wells
View full hierarchy

Industry trends

The Support Activities for Mining sector (NAICS 213) has been experiencing significant shifts driven by a combination of technological advancements, environmental considerations, and evolving market demands. One major trend is the increasing adoption of digital technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and advanced data analytics. These technologies are being utilized to enhance operational efficiency, reduce costs, and improve safety. Companies are investing in automation and robotics to streamline processes, which is expected to continue in the near future.

Environmental sustainability is another critical trend influencing the sector. There is growing pressure from regulators, investors, and the public for mining operations to adopt more eco-friendly practices. Support activities are increasingly focusing on waste reduction, energy efficiency, and the rehabilitation of mining sites. Innovations in sustainable technologies and processes are anticipated to play a significant role in shaping the industry's future.

The shift towards clean energy sources is also affecting the sector. As the demand for minerals used in renewable energy technologies, like lithium and cobalt, rises, support activities are adjusting to meet these new needs. This transition is leading to the exploration of previously untapped resources and regions, requiring specialized support services.

Looking forward, the increasing importance of ESG (Environmental, Social, and Governance) criteria is expected to drive further changes. Companies providing support for mining are likely to enhance their offerings to align with these standards, positioning themselves as partners in sustainable development. Collaboration and partnerships with technology firms, environmental agencies, and local communities will become more critical to align with market and regulatory expectations, ultimately ensuring long-term viability and growth.

  • 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.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 4%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 78%

Loan Failure Rate 5%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 26%

Total Companies in this Industry 1,135
View full snapshot

Explore related industries

  • NAICS 213 Support Activities for Mining
  • NAICS 2131 Support Activities for Mining
  • View all related industries

Get the Full Industry Report

In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.

View interactive report sample Buy the detailed report
iCFO

Private-company financial intelligence for better decisions.

Products

  • How it works
  • AI Insights
  • Pricing

Company

  • About us
  • Blog
  • Contacts

Get in touch

  • 7441 Sawmill Rd, Suite 5 Madison, WI 53717
  • (833) 677-1185
  • info@icfo.pro

© Copyright FINTEL, LLC

Privacy Policy Terms of Use