Mining Equipment Rentals

The Mining Industry

Mining Services

According to the US Department of Labor; products of the mining industry generate the majority of energy used in this country, from electricity in homes to fuel in vehicles. Mined resources also serve as inputs for consumer goods and the processes and services provided by nearly all other industries, particularly in agriculture, manufacturing, transportation, utilities, communication, and construction. Uses of mined materials include coal, oil, and gas for energy, copper for wiring, gold for satellites and sophisticated electronic components, stone and gravel for construction of roads and buildings, and a variety of other minerals as ingredients in medicines and household products.

Industry organization

The mining industry contains five main industry segments, which are defined by the resources they produce: oil and gas extraction, coal mining, metal ore mining, nonmetallic mineral mining and quarrying, and support activities for mining.

Outlook of the Industry

Employment in mining will decrease. The growing U.S. and world economies will continue to demand larger quantities of the raw materials produced by mining, but the increased output will be able to be met by new technologies and new extraction techniques that increase productivity and require fewer workers.