NAICS 21221 - Iron Ore Mining
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Related NAICS Codes for NAICS 21221
Click on any NAICS code to explore that specific industry within NAICS 21221
| NAICS Code | Industry Title |
|---|---|
| 212210 | Iron Ore Mining |
What is NAICS 21221
NAICS code 21221 covers the Iron Ore Mining industry, which involves the extraction and processing of iron ore from natural deposits. Businesses in this sector operate mines, quarries, and processing facilities to produce raw iron ore, including hematite and magnetite, which serve as critical raw materials for steel manufacturing. Companies engaged in this sector range from small-scale operators to large multinational corporations with integrated mining and processing operations. Government agencies contract for these services to secure a stable supply of iron ore, which is vital for infrastructure projects, defense applications, and economic development initiatives.
Breakdown for NAICS 21221
- Includes extraction and processing of iron ore deposits such as hematite and magnetite.
- Covers operations ranging from small mines to large integrated mining complexes.
- Focuses on supplying raw materials primarily used in steel manufacturing.
- Subject to size standards based on number of employees or annual receipts.
- Supports government infrastructure and defense-related material needs.
Included Activities for NAICS 21221
- Locating and extracting iron ore deposits through surface or underground mining.
- Crushing, washing, and concentrating raw iron ore for shipment.
- Conducting geological surveys and exploratory drilling for new ore bodies.
- Operating processing plants to improve ore quality and purity.
- Transporting iron ore to steel manufacturers or storage facilities.
- Maintaining compliance with environmental and safety regulations.
- Performing equipment maintenance and mine site rehabilitation.
- Providing technical consulting and feasibility studies for mining projects.
Business Types for NAICS 21221
- Iron ore mining companies
- Mining contractors and subcontractors
- Geological and exploration firms
- Mineral processing and beneficiation companies
- Heavy equipment operators and maintenance providers
- Environmental and safety compliance consultants
Government Buyers for NAICS 21221
Federal, state, and local government agencies purchase iron ore mining services primarily to support infrastructure development, defense manufacturing, and strategic mineral stockpiling. Agencies such as the Department of Defense, the Department of Energy, and the U.S. Geological Survey often require iron ore for research, development, and manufacturing of defense-related steel products. Additionally, transportation and public works departments may contract mining companies indirectly through infrastructure contractors dependent on steel materials derived from iron ore.
Contract Types & Procurement for NAICS 21221
Contracts in the iron ore mining sector typically include fixed-price agreements for ore supply, cost-reimbursement contracts for exploration and development, and indefinite delivery/indefinite quantity (IDIQ) contracts for ongoing material procurement. Procurement methods often involve competitive bidding or negotiated procurements based on technical expertise and capacity. Contract values vary widely depending on project scope, ranging from several million dollars for exploration and small supply contracts to hundreds of millions for large-scale mining operations and long-term supply agreements.
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