Licensing services for the right to use mineral exploration and evaluation

cpc code 73350 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 mineral resources that are essential for various industries, from construction to manufacturing. The licensing of these exploration and evaluation rights is a critical step in the mineral resource value chain, as it allows companies to assess the viability and potential of a given deposit before committing to full-scale extraction and production.

The main production techniques involved in this industry include the assessment of geological data, the conduct of exploratory drilling and sampling, and the analysis of the collected data to determine the size, quality, and economic feasibility of a mineral deposit. These activities are typically carried out by specialized geologists, engineers, and technical experts, who use a range of advanced technologies and methodologies to gather and interpret the necessary information.

The key inputs required for this industry include access to mineral-rich land or concessions, specialized geological and technical expertise, advanced exploration and evaluation equipment (such as drilling rigs, seismic equipment, and analytical tools), and financial resources to fund the exploration and evaluation activities. Additionally, regulatory approvals and permits are often necessary to conduct these operations.

The main output of this industry is the licensing of the right to use mineral exploration and evaluation services. These licenses are then acquired by 211100 Oil and Gas Extraction, 212100 Coal Mining, and 212200 Metal Ore Mining companies, who can use the information and rights obtained to further develop and extract the mineral resources. The licensing of these exploration and evaluation rights is a crucial step in the broader mineral resource value chain.