Mining and Oil & Gas Machinery Manufacturers NAICS 333131, 333132

Jun 23, 2025 - Trump Eyeing Alaska

• The Trump administration plans to open 13 million acres in Alaska to new mining and drilling, overturning Biden-era protections it says prioritized "obstruction over production." It’s the administration’s latest move to fast track US energy production as outlined in Trump’s expansive January executive order aimed at boosting oil and gas drilling, mining, and logging in Alaska. “Alaska, which happens to host 49 out of the 50 US critical minerals and some of the nation's richest deposits of copper and gold, stands to benefit from Trump's push for increased domestic minerals production and … unleashing Alaska's extraordinary resource potential,” according to North of 60 Mining News. To maximize the state’s mining potential the administration aims to reverse Biden-era actions that delayed development of a 211-mile road to the Amber Mining District, a region of Northwest Alaska rich in copper, zinc, gold, silver, cobalt, and other critical minerals.
• The highly-concentrated US coal mining industry is undergoing further consolidation as a result of the merger of two of the largest US coal mining companies. Amid a wave of industry deal making, CONSOL Energy and Arch Resources merged in January to form Core Natural Resources (CNR) with large and non-overlapping thermal and metallurgical coal operations, according to a press release. Newly-merged CNR owns 11 mines, including Pennsylvania’s Bailey, Enlow Fork, and Harvey mines and the largest underground mine complex in North America. “Through this transformational combination, we have created a global leader exceptionally well-positioned to compete and succeed in two significant, high-potential market segments – the global metallurgical and global high-rank thermal coal markets,” the company’s CEO Jimmy Brock said in a statement. Ongoing consolidation among coal producers and declining demand for coal shrinks the customer pool for makers of mining machinery and equipment and increases leverage for buyers.

• The Trump administration in April issued an executive order to accelerate deep-sea mining in international waters. The EO affirms the US’s right to extract critical minerals from the ocean floor, enabling companies to bypass the International Seabed Authority and seek permits directly from the National Oceanic and Atmospheric Administration. The order expedites the process for reviewing and issuing seabed mineral exploration licenses and commercial recovery permits in areas beyond national jurisdiction under the Deep Seabed Hard Mineral Resources Act. It marks Trump’s latest attempt to capture international deposits of nickel, copper, and other critical minerals following recent efforts to tap resources in Greenland and Ukraine. Remotely-controlled giant robots could be used to extract polymetallic nodules from the seafloor.
• Producer prices for mining and oil and gas machinery manufacturers rose 2% in May compared to a year ago, after rising 5.1% in the previous May-versus-May annual comparison, according to the latest US Bureau of Labor Statistics data. Industry producer prices are at record levels, having risen steeply and steadily over the past four years. Among the reasons heavy equipment is getting increasingly expensive is all the technology built into new machines. Employment by the industry grew 1.1% year over year in April – but remains below pre-pandemic levels – while average industry wages were flat over the same period at $29.92 per hour, BLS data slow.