2025 Mining Industry Report

Industry Overview

Industries in the Mining (except Oil and Gas) subsector primarily engage in mining, mine site development, and beneficiating (i.e., preparing) metallic minerals and nonmetallic minerals, including coal. The term "mining" is used in the broad sense to include ore extraction, quarrying, and beneficiating (e.g., crushing, screening, washing, sizing, concentrating, and flotation), customarily done at the mine site. 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, centrifugal separation, and so on. In contrast, manufacturing operations primarily use chemical and electrochemical processes, such as electrolysis, distillation, and so on. However some treatments, such as heat treatments, take place in both stages: 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. Establishments in the Mining (except Oil and Gas) subsector include those that have complete responsibility for operating mines and quarries (except oil and gas wells) and those that operate mines and quarries (except oil and gas wells) for others on a contract or fee basis. Establishments primarily engaged in providing support services, on a contract or fee basis, required for the mining and quarrying of minerals are classified in Subsector 213, Support Activities for Mining.
Source: US Census Bureau

Market Size and Industry Forecast

The Mining industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Mining industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Mining companies in the United States.

Distribution by Company Size

Company Size	All Industries	Mining
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Mining Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Mining Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%
Chief Executives	0%
General and Operations Managers	2%
Architecture and Engineering Occupations	6%
Office and Administrative Support Occupations	7%
Construction and Extraction Occupations	35%
Supervisors of Construction and Extraction Workers	6%
First-Line Supervisors of Construction Trades and Extraction Workers	6%
First-Line Supervisors of Construction Trades and Extraction Workers	6%
Construction Trades Workers	15%
Construction Equipment Operators	11%
Operating Engineers and Other Construction Equipment Operators	10%
Extraction Workers	17%
Mining Machine Operators	17%
Continuous Mining Machine Operators	6%
Roof Bolters, Mining	6%
Roof Bolters, Mining	6%
Installation, Maintenance, and Repair Occupations	14%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers	6%
Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics	6%
Mobile Heavy Equipment Mechanics, Except Engines	6%
Other Installation, Maintenance, and Repair Occupations	7%
Industrial Machinery Installation, Repair, and Maintenance Workers	8%
Industrial Machinery Mechanics	6%
Production Occupations	11%
Other Production Occupations	7%
Transportation and Material Moving Occupations	21%
Motor Vehicle Operators	8%
Driver/Sales Workers and Truck Drivers	8%
Heavy and Tractor-Trailer Truck Drivers	8%
Material Moving Workers	12%
Dredge, Excavating, and Loading Machine Operators	7%
Excavating and Loading Machine and Dragline Operators	6%

Government Contracts

The federal government spent an annual total of $61,178,801 on the mining industry. It has awarded 1,660 contracts to 454 companies, with an average value of $134,755 per company.

Top Companies in Mining and Adjacent Industries

Company	Address	Revenue ($ Millions)