National Mining and Smelting Corporation

National Mining and Smelting Corporation

Native name	Corporación Nacional de Minería y Fundición
Type	Private
Industry	Mining
Founded	17 August 1834 (1834-08-17)
Founder	Adolfo III
Headquarters	Santa Ana, Santa Ana , Creeperopolis
Area served	Creeperopolis El Salvador
Key people	Facundo Galán Pardo (CEO)
Products	Gold, Iron, Silver, Coal, Diamond
Brands	See Subsidiaries
Revenue	See Subsidiaries
Operating income	See Subsidiaries
Net income	See Subsidiaries
Total assets	See Subsidiaries
Total equity	See Subsidiaries
Number of employees	160,000 (2015)
Subsidiaries	CORNAMIF - Carbón CORNAMIF - Hierro CORNAMIF - Oro CORNAMIF - Plata CORNAMI - Diamante
Website	www.cornamif.org

The National Mining and Smelting Corporation (Creeperian: Corporación Nacional de Minería y Fundición, abbreviated CORNAMIF) is a Creeperian company which has a monopoly on the Creeperian and Salvadoran mining industries.

The company was founded on 17 August 1834 by the imperial decree of Emperor Adolfo III. The establishment of the company was as a direct result of the publication of his manifesto earlier in the year entitled Creeperian Investment into Natural Resources Gifted by God which called for Creeperian workers to help the government mine gold, iron, and silver in the ground in order to help industrialize the nation. In the manifesto, he claimed that God himself ordered him to write the manifesto and that God wanted all Creeperans to mine these minerals. From 1834 to 1896, the company was government owned, but it was privatized by the Parliament of Creeperopolis with the passage of the National Mining Act. The company was nationalized by Prime Minister Tobías Gaos Nores in 1929 with the passage of the Nationalization Mining Act. During the Creeperian Civil War, the Catholic Imperial Restoration Council seized control of the company and utilized it to gather resources for the war effort. The company was privatized on the imperial decree of Emperor Romero II in 1953 with the consent of the Council of Mayors. The company expanded its mines to El Salvador in 1960

The company states that it mines all types of metals and minerals, but most of the company's focus is on coal, iron, gold, silver, and diamond, with the coal subsidiary being the largest, as it generally mines all types of resources. In recent years, the company has been scaling back on its subsidiaries, placing most of their assets into the coal and diamond subsidiaries, planning to phase out the iron, gold, and silver specialist subsidiaries by 2023 with the goal of placing all mining efforts under the coal subsidiary which is planned to be renamed, leaving only the diamond subsidiary as the only remaining specialist subsidiary. As of December 2020, most mines in Creeperopolis and half of the mines in El Salvador have been placed under coal or diamond subsidiary oversight.

Assets

Mines

Mine	Country	Photo	CORNAMIF Stake	Type of mine
Chomayugua Mine	Creeperopolis		100%	Open-pit mine
Mafrerio Mine	Creeperopolis		100%	Underground mine
Salpaltepe Mine	Creeperopolis		100%	Open-pit mine

See also

• National Coffee and Sugar Corporation