Division Description
This division includes all establishments primarily engaged in mining. The term mining is used in the broad sense to include the extraction of minerals occurring naturally: solids, such as coal and ores; liquids, such as crude petroleum; and gases, such as natural gas. The term mining is also used in the broad sense to include quarrying, well operations, milling (e.g., crushing, screening, washing, flotation), and other preparation customarily done at the mine site, or as a part of mining activity.
Exploration and development of mineral properties are included. Services performed on a contract or fee basis in the development or operation of mineral properties are classified separately but within this division. Establishments which have complete responsibility for operating mines, quarries, or oil and gas wells for others on a contract or fee basis are classified according to the product mined rather than as mineral services.
Mining operations are classified, by industry, on the basis of the principal mineral produced, or, if there is no production, on the basis of the principal mineral for which exploration or development work is in process. The mining of culm banks, ore dumps, and tailing piles is classified as mining according to the principal mineral product derived.
The purification and distribution of water is classified in Transportation and Public Utilities, Industry 4941, and the bottling and distribution of natural spring and mineral waters is classified in Wholesale Trade, Industry 5149.
Crushing, grinding, or otherwise preparing clay, ceramic, and refractory minerals; barite, and miscellaneous nonmetallic minerals, except fuels, not in conjunction with mining or quarrying operations, are classified in Manufacturing, Industry 3295. Dressing of stone or slabs is classified in Manufacturing, Industry 3281, whether or not mining is done at the same establishment.
IBISWorld Industry Research Report
Mining in the US (21)
Revenue 2025
$736.9bn
Growth 2025
1.97%
Key Trends
Growing demand for industry goods has led to a resurgence in industry selling prices
Rising production from OPEC and Russia ultimately subdued oil and gas prices and weighed on revenue
Price and output movements will likely continue playing a key role in determining sector revenue growth
Products and Services
US-SIC Hierarchy B - Mining
US-SIC Code B - Mining sits in the 2-digit Mining sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: B
Division Title: Mining
2 Digits 3 Digits 4 Digits
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101 Iron Ores
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102 Copper Ores
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103 Lead and Zinc Ores
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104 Gold and Silver Ores
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106 Ferroalloy Ores, Except Vanadium
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108 Metal Mining Services
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109 Miscellaneous Metal Ores
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122 Bituminous Coal and Lignite Mining
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123 Anthracite Mining
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124 Coal Mining Services
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131 Crude Petroleum and Natural Gas
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132 Natural Gas Liquids
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138 Oil and Gas Field Services
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141 Dimension Stone
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142 Crushed and Broken Stone, Including Riprap
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144 Sand and Gravel
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145 Clay, Ceramic, and Refractory Minerals
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147 Chemical and Fertilizer Mineral Mining
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148 Nonmetallic Minerals Services, Except Fuels
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149 Miscellaneous Nonmetallic Minerals, Except
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Extended US-SIC Hierarchy for B - Mining
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC B - Mining. Extended US SIC Codes are being continuously updated to reflect the current business environment.
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US SIC Code Directory
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