Mitsubiki Mining Company
| Former type | Business Company |
|---|---|
| Industry | Primary |
| Founded | January 22, 2007 |
| Founder(s) | The Count of Montrose |
| Defunct | April 22, 2007 |
| Headquarters | Lonenberg, Lonenberg |
| Products | Mining |
Mitsubiki Mining Company (Gotzborg) was founded by Christopher Harris-Till on January 22, 2007, as the Gotzborg arm of his intermicronational venture, Mitsubiki Limited, headquartered in Greater Sangun.
Founding
While Gotzborg industry used a high volume of ore to support steel manufacturing, there was no local supplier. Recognizing that gap in the supply chain, Harris-Till began planning the founding of Mitsubiki Mining Company (Gotzborg) on January 14, 2007.
The company was meant as a stepping stone for Harris-Till into the wider Gotzborg economy. In announcing his intent to found the company, he suggested that if it proved successful, mining profits would be used to fund the creation of a shipping company that would compete with the Merchant Marine, which had a defacto monopoly in Gotzborg for ocean-going transport.
Operations
Mitsubiki Mining Company (Gotzborg), outside of its head office in Lonenberg, operated solely in the Colony of Ansbach. The company applied for, and received, a mining licence for iron ore and coal worth 1,500.00 Thalers from the colony's Port Augustus Economic Office on January 26, 2007. Operations were authorized on the northern slop of the Southern Ansbach Mountain Range. In the event that it discovered a new, unrelated, mineral resource during its operations, the company was given the option to apply for the requisite mining licence for an additional 1,000 Thalers.
The company also sought to purchase 150 acres of agricultural land for 300 Thalers near Port Augustus; however, the sale was never finalized. Land sold within Ansbach remained subject to expropriation by the Crown if deemed necessary, and Mitsubiki Mining did not wish to open itself to such risk.
Dissolution
With the start of Gotzborg's first hiatus, Mitsubiki Mining Company (Gotzborg) dissolved.
