Althland Mining Company
Assigned to:Octus
Althland Mining Corporation, a former company originating within the Trans Solar Federation, was a exploration and mining company created in 2484. It faced its demise when Nanotrasen acquired it post-bankruptcy. Initially successful, Althland's fortunes dwindled following unprofitable mining ventures on Epsilon Eridani II, leading to its assets and personnel being absorbed and eventually dissolved by the corporate giant.
| Althland Mining Co. |
|
| General |
| Informal Names: AMC, Althland |
| Founding: July 23rd, 2484 |
| Defunct: January 18th, 2520 |
| Demographic |
| Citizenship: Corporate Membership with catagories based of affiliation. |
| Languages: Galactic Common, Tradeband |
| Employees: ~2.7 Billion |
| Policy |
| Form of Government: Corporatocracy |
| Head of State: Sylas N. Nexus |
| Fleet: 53 corporate security Corvettes. + 32 registered civilian vessels. |
| Currency: Credit |
Summary
Althland Mining Company, commonly known as Althland, emerged within the Trans Solar Federation (TSF) in the following decades after the Cygni Rebellion. The company was born out of an increased demand for plasma reserves and the expansion to the outer reaches of the TSF's territory. Althland started as a small mining firm on Pluto and, bolstered by loans from the TSF government, ventured into more distant regions of space.
However, Althland’s ambitious endeavors proved to be its undoing. The company’s expeditions failed to discover asteroid fields rich enough to yield profit, and the costs of these ventures began to mount. Meanwhile, on Pluto, competition intensified as more companies staked their claims, gradually pushing Althland out of Sol and into uncharted regions of space.
In 2508, a glimmer of hope appeared when Althland discovered a molten world in the Epsilon Eridani sector, Eridani II. Initial analyses revealed a planet teeming with high-value minerals, including plasma, uranium, and Blue Space Crystals (BSC). However, the extreme temperatures, dangerous environment, and hostile wildlife presented formidable challenges. Despite these obstacles, Althland poured investments into Epsilon Eridani but failed to establish a profitable colony. The hostile conditions wreaked havoc on its workforce and facilities.
Battered and financially drained, Althland filed for bankruptcy as its Pluto holdings and exploration failed to be profitable. Nanotrasen, a megacorporation, seized the opportunity to acquire Althland’s assets and workforce. Consequently, Althland was dissolved, becoming another casualty of rampant corporatism.