Licensing services for the right to use mineral exploration and evaluation
CPC v2.1 Code: 7335
About licensing services for the right to use mineral exploration and evaluation
cpc code 7335 covers the licensing services for the right to use mineral exploration and evaluation. This industry plays a crucial role in the broader mining and resource extraction sector, as it enables companies to access and develop valuable mineral resources. By obtaining the necessary licenses and rights, businesses can undertake exploration and evaluation activities, which are essential for identifying and quantifying potential mineral deposits. This industry's outputs are then consumed by various downstream industries, such as 0810 Mining of coal and lignite and 0907 Support activities for other mining and quarrying, contributing to the overall supply of raw materials and energy resources that power the global economy.
Production process
The main production techniques in this industry involve the negotiation and administration of licensing agreements. This typically includes conducting due diligence on mineral exploration and evaluation rights, drafting and negotiating contract terms, and managing the ongoing compliance and reporting requirements associated with the licenses. Specialized legal and technical expertise is often required to navigate the complex regulatory frameworks governing mineral exploration and development.
Production inputs
The key inputs for this industry include legal and regulatory expertise, industry knowledge, and negotiation skills. Professionals such as lawyers, geologists, and mining engineers are often involved in the licensing process, providing the necessary technical and legal knowledge. Additionally, access to comprehensive data on mineral resources, exploration activities, and market conditions is crucial for making informed decisions and securing favorable licensing terms.
Production outputs
The primary output of this industry is the licensing services that grant companies the right to use mineral exploration and evaluation resources. These licensing agreements enable businesses to undertake exploration and evaluation activities, which can lead to the discovery and development of new mineral deposits. The outputs of this industry are then consumed by various downstream industries, such as 0810 Mining of coal and lignite and 0907 Support activities for other mining and quarrying, which utilize the mineral resources to produce a wide range of products and energy sources.
Family tree for licensing services for the right to use mineral exploration and evaluation
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/73'>73: Leasing or rental services without operator</a>"]
B --> C["<a href='/classifications/cpc/v2-1/733'>733: Licensing services for the right to use intellectual property and similar products</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7335'>7335: Licensing services for the right to use mineral exploration and evaluation</a>"]
C --> E["<a href='/classifications/cpc/v2-1/7331'>7331: Licensing services for the right to use computer software and databases</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7332'>7332: Licensing services for the right to use entertainment, literary or artistic originals</a>"]
C --> G["<a href='/classifications/cpc/v2-1/7333'>7333: Licensing services for the right to use R&D products</a>"]
C --> H["<a href='/classifications/cpc/v2-1/7334'>7334: Licensing services for the right to use trademarks and franchises</a>"]
C --> I["<a href='/classifications/cpc/v2-1/7339'>7339: Licensing services for the right to use other intellectual property products</a>"]
D --> J["<a href='/classifications/cpc/v2-1/73350'>73350: Licensing services for the right to use mineral exploration and evaluation</a>"]
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