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NACCO Industries, Inc., along with its subsidiaries, is a prominent player in the natural resources sector. The company operates through three primary segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment oversees surface coal mines operating under long-term contracts with power generation companies and an activated carbon producer across North Dakota, Texas, Mississippi, Louisiana, and the Navajo Nation in New Mexico. These mines play a crucial role in providing essential resources for energy production and industrial processes.
The North American Mining segment of NACCO Industries offers value-added contract mining and various services for producers of aggregates, lithium, and other minerals. It also provides contract mining services for independently owned mines and quarries located in Florida, Texas, Arkansas, and Indiana. This segment focuses on delivering efficient and reliable mining solutions that support the operations of its clients and contribute to the sustainable extraction of essential minerals.
The Minerals Management segment engages in leasing the company's royalty and mineral interests to third-party exploration and production companies, allowing them to explore, develop, mine, produce, market, and sell gas, oil, and coal. Founded in 1913 and headquartered in Cleveland, Ohio, NACCO Industries has a long-standing history of excellence in the natural resources industry. The company's commitment to innovation and sustainability ensures it remains a vital contributor to the energy and mining sectors, continually adapting to meet the evolving needs of its clients and stakeholders.
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