NORTH AMERICAN MINING® SECURES NEW 10-YEAR LIMESTONE MINING CONTRACT

Rhea-AI Summary

North American Mining, a subsidiary of NACCO Industries (NYSE: NC), has secured a new 10-year limestone mining contract in Ft. Myers, Florida. This marks the company's third quarry with the same customer and expands their Florida operations to 19 mining sites.

The contract includes comprehensive services such as strategic mine planning, mining operations, parts supply, and inventory services. North American Mining, which operates the largest dragline fleet in the United States, will support Southwest Florida's infrastructure growth through its integrated contract mining services.

Positive

• Secured new 10-year long-term contract, demonstrating business stability
• Expanded presence to 19 mining operations in Florida
• Strengthened existing customer relationship with third quarry contract

Negative

• None.

Insights

Mining Industry Analyst

New 10-year limestone mining contract strengthens NAM's market position in Florida, expanding operations and demonstrating customer loyalty.

North American Mining (NAM), a subsidiary of NACCO Industries (NYSE: NC), has secured a new 10-year limestone mining contract in Ft. Myers, Florida. This contract marks a significant expansion of the company's Florida footprint, bringing their statewide operations to 19 mining locations. What's particularly noteworthy is that this represents the third quarry operated for the same customer, indicating strong client satisfaction and relationship management.

The limestone mining sector is critical to Florida's construction and infrastructure development, particularly in the rapidly growing Southwest region. By expanding their presence in this market, NAM is strategically positioning itself to capitalize on continued infrastructure growth. The 10-year duration provides substantial revenue visibility and operational stability.

NAM's competitive advantage stems from their integrated approach to mining services. They don't just extract materials; they provide comprehensive solutions including strategic mine planning, operations, maintenance support, and parts inventory services. This business model creates deeper customer relationships and higher switching costs, establishing barriers to competition.

The company leverages significant operational scale advantages, operating the largest dragline fleet in the United States. This equipment specialization, combined with their parts inventory through Strata Equipment Solutions, enables them to deliver higher efficiency and reliability than competitors with smaller operations.

This contract represents the continuation of NAM's focused strategy of building long-term partnerships with industrial mineral producers, demonstrating the company's ability to expand business with existing customers rather than relying solely on new customer acquisition for growth.

Existing long-term customer relationship leads to expansion of aggregates mining portfolio

FT. MYERS, Fla., Sept. 25, 2025 /PRNewswire/ -- North American Mining has secured a new 10-year contract to provide limestone mining services in Ft. Myers, Florida, expanding North American Mining's presence to 19 mining operations statewide. This new project, representing the third quarry for the same customer, reflects North American Mining's strong track record of operational excellence and reliability, further reinforcing its position as a leading aggregates contract miner in Florida. North American Mining continues to support the thriving infrastructure growth in Southwest Florida by providing unique integrated contract mining services to aggregates producers in the area.

"We bring a comprehensive approach to our mining projects," said Phil Berry, President of North American Mining. "Our focus on providing the highest standards of safety, efficiency and environmental responsibility allows us to partner with our customers in a way that makes their goals our goals. Their success is our success."

NACCO Natural Resources^®, including North American Mining, operates the largest dragline fleet in the United States, as well as offers a large parts inventory stocked through Strata Equipment Solutions. Under this new contract, North American Mining will provide comprehensive services and maintenance support including strategic mine planning, mining operations, parts supply and inventory services.

"Our extensive expertise in mining positions us as an industry leader. We have established a competitive edge that enables us to deliver cost-effective, exceptional service to our customers," Berry said. "We believe our ability to become fully integrated in our customers' operations, while providing an unwavering focus on safety and productivity, contributes to increased efficiencies."

About North American Mining

As part of the NACCO Natural Resources portfolio of businesses, North American Mining is a leading provider of specialized mining services for producers of industrial minerals. More information can be found at namining.com.

North American Mining is a business within NACCO Natural Resources, a subsidiary of NACCO Industries^® (NYSE: NC).

About NACCO Industries

NACCO Industries^® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at www.nacco.com or get investor information at ir.nacco.com.

###

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/north-american-mining-secures-new-10-year-limestone-mining-contract-302567182.html

SOURCE North American Mining; NACCO Industries

FAQ

What is the duration and location of North American Mining's (NYSE: NC) new limestone contract?

The contract is for 10 years and is located in Ft. Myers, Florida, representing the company's third quarry with the same customer.

How many mining operations does North American Mining (NYSE: NC) now have in Florida?

Following this new contract, North American Mining now operates 19 mining operations statewide in Florida.

What services will North American Mining (NYSE: NC) provide under the new limestone contract?

The company will provide comprehensive services including strategic mine planning, mining operations, parts supply, and inventory services.

What is North American Mining's position in the US dragline fleet market?

North American Mining operates the largest dragline fleet in the United States, offering extensive parts inventory through Strata Equipment Solutions.