Mining
7 companies · FY2023
Reading the Mining CEO Pay Landscape (SIC 12, FY2023)
The Mining industry, classified under 2-digit SIC code 12, had 7 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 45:1 and the average was 75:1. Median CEO total compensation in the sector was $6.1M, with the sector-wide average at $10.5M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Mining earned $4.7M, while the 75th percentile CEO earned $7.1M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. The gap between the 75:1 average and the 45:1 median is wide, which almost always signals that a small number of very-high-pay CEOs are pulling the mean upward; the median is the fairer yardstick for "a typical company in this sector."
Below you can scan each of the 8 Mining companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Mining (8)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| Core Natural Resources, Inc.SEC EDGAR DEF 14A — CIK 1710366 | — | $39.0M | $126K | 310:1 | 2023 |
| Ramaco Resources, Inc.SEC EDGAR DEF 14A — CIK 1687187 | — | $7.4M | $120K | 62:1 | 2023 |
| ARCH RESOURCES, INC.SEC EDGAR DEF 14A — CIK 1037676 | — | $6.2M | $120K | 52:1 | 2023 |
| WARRIOR MET COAL, INC.SEC EDGAR DEF 14A — CIK 1691303 | — | $6.6M | $126K | 52:1 | 2022 |
| PEABODY ENERGY CORPSEC EDGAR DEF 14A — CIK 1064728 | — | $5.9M | $131K | 45:1 | 2023 |
| NACCO INDUSTRIES INCSEC EDGAR DEF 14A — CIK 789933 | — | $4.3M | $124K | 35:1 | 2023 |
| Coronado Global Resources Inc.SEC EDGAR DEF 14A — CIK 1770561 | — | — | — | 11:1 | 2023 |
| Alpha Metallurgical Resources, Inc.SEC EDGAR DEF 14A — CIK 1704715 | — | $110K | $110K | 9:1 | 2023 |
Frequently Asked Questions
What's the typical pay ratio in Mining? ▼
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How many companies report CEO pay in Mining? ▼
Where does this Mining pay data come from? ▼
Why is the average pay ratio much higher than the median in Mining? ▼
Read our methodology — how this data is sourced, computed, and verified.