NACCO Industries, Inc. is a holding company. The Company operates primarily in mining and natural resources businesses. The Company operates through three business segments: Coal Mining, North American Mining (NAMining) and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NAMining segment provides value-added contract mining and other services for producers of aggregates, lithium and other minerals. The Minerals Management segment acquires and promotes the development of oil, gas and coal mineral interests, generating income primarily from royalty-based lease payments from third parties. In addition, Mitigation Resources of North America provides stream and wetland mitigation solutions.