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, 24XX |
| Defunct: January 18th, 2483 |
| 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.
Begginings
Althland Mining Company was established in 2389, emerging as one of the pioneering businesses rooted in Earth to venture into the realm of mining operations. With a focus on deep core drilling, Althland carved out a niche, positioning itself amidst the competitive landscape of companies vying to export valuable minerals within the TSF space. The company’s expertise and reputation grew, and as the TSF’s colonization efforts extended beyond the Sol system, Althland seized the opportunity to invest in the developing mining colony on Pluto.
Transitioning from its Earth-based operations as their original mines depleted, Althland concentrated its resources and expertise on Pluto, aspiring to ascend as the leading mining entity on the planet. Their initial endeavors were successful, securing a foothold amidst the icy terrains and contributing significantly to the planet’s population growth and stabilization, as more corporations marked their presence.
Ambitious Development
The following decades witnessed significant upheavals within the TSF, notably marked by the unsuccessful containment of the Cygni rebellion. This period of instability paved the way for megacorporations to infiltrate and dominate markets that were previously characterized by diversity and the presence of smaller, independent businesses.
Pluto, with its rich mineral reserves and established mining operations, was not immune to this corporate invasion. The aftermath of the war saw a surge in corporate acquisitions, espionage, and strategic maneuvers aimed at consolidating power and resources among the giants within TSF. Independent and smaller businesses, including Althland, found themselves in a competitive struggle, often succumbing to the financial and strategic prowess of larger entities with significantly more influence.
Bankruptcies and market instability ensued after the Cygni Rebellion, marking a period of rapid change. Althland, once a founder of mining innovation and success on Pluto, was now navigating a transformed landscape, filled by megacorp dominance and the diminishing influence of smaller independent business's. The company’s trajectory, like many of its contemporaries, was significantly impacted by these changes in the market, due to bigger companies rapidly outputting resources that diminished the value of iron and methane gas. Slowly straggling companies by overproduction and devaluing stock of their exports at cheaper rates the megacorportions could afford. This chain of events would push Althland to find different avenues to continue its operations, and with the now reorganized TSF, exploration and expedetions into uknown stars would be seen as an opportunity to save the company.