The Mining, Quarrying and Oil and Gas Extraction sector comprises establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. The term mining is used in the broad sense to include quarrying, well operations, beneficiating (e.g., crushing, screening, washing and flotation) and other preparation customarily performed at the mine site, or as a part of mining activity.
Industries include establishments that develop the mine site, extract the natural resources and/or those that beneficiate (i.e., prepare) the mineral mined. The range of preparation activities varies by mineral and the purity of any given ore deposit as some minerals, such as petroleum and natural gas, require little or no preparation, while others are washed, screened or transformed before leaving the mine site (e.g., gold and silver converted into bullion). This sector distinguishes two basic activities:
LARG Industry Reports
Los Angeles Research Group provides 11 industry reports detailing the Mining Quarrying and Oil and Gas Extraction sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).
In addition to LARG’s standardized report information, LARG’s industry reports in the Mining, Quarrying and Oil and Gas Extraction sector also provide specialized statistics, including detailed information on inventories and inputs (e.g., fuel and materials used during mineral extractions). For more information on a particular industry, please click on the appropriate industry below.
Mining, Quarrying, Oil & Gas Extraction
This sector comprises establishments that extract naturally occurring minerals in the United States. The term mining is used in a broad sense, as this industry includes quarrying, well operations, beneficiating and other preparation customarily performed at a mine site or as part of mining activity.