The Ant Colony Optimization (ACO) algorithms have been well-studied by the Operations Research community for solving combinatorial optimization problems. A handful of researchers in the Data Science community have successfully implemented various ACO methodologies for rule-based classification. This family of ACO algorithms is referred to as AntMiner algorithms. Due to the flexibility of the framework, and the availability of alternative strategies at the modular level, a systematic review on the AntMiner algorithms can benefit the broader community of researchers and practitioners interested in highly interpretable classification techniques. In this paper, we provided a comprehensive review of each module of the AntMiner algorithms. Our motivation is to provide insight into the current practices and future research scope in the context of the rule-based classification. Our discussions address ACO methodologies, rule construction strategies, candidate selection metrics, rule quality evaluation functions, rule pruning strategies, methods to address continuous attributes, parameter selection, and experimental settings. This review also reports a summary of real-life implementations of the rule-based classifiers in diverse domains including medical, genetics, portfolio analysis, geographic information system (GIS), human-machine interaction (HMI), autonomous driving, ICT, quality, and reliability engineering. These implementations demonstrate the potential application domains that can be benefitted from the methodological contributions to the rule-based classification technique.