National Mining and Smelting Corporation
Native name | Corporación Nacional de Minería y Fundición |
---|---|
Private | |
Industry | Mining |
Founded | 17 August 1834 |
Founder | Adolfo III |
Headquarters | Santa Ana, , |
Area served | Creeperopolis El Salvador Template:Country data Lyoa |
Key people | Facundo Galán Pardo (CEO) |
Products | Gold, Iron, Silver, Coal, Diamond |
Brands | See Subsidiaries |
Revenue | See Subsidiaries |
See Subsidiaries | |
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 Spanish: Corporación Nacional de Minería y Fundición, abbreviated CORNAMIF) is a Creeperian company which has a monopoly on the Creeperian and Salvadoran mining industries and a significant stake in the Lyoan mining industry.
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 and to Lyoa in 1998 as a part of Creeperopolis' support for the Revolutionary United Forces in the Lyoan Civil War. A mining concession in Namoya came under attack by the Lyoan Revolutionary Command Council in March and April 2020 as a part of the Battle of Namoya during the Second Lyoan Civil War, but Creeperian and Lyoan forces defended the city and the mine located there.
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, all mines in Lyoa, and half of the mines in El Salvador have been placed under coal or diamond subsidiary oversight.
Contents
History
Subsidiaries
National Coal Mining and Smelting Corporation
National Iron Mining and Smelting Corporation
National Gold Mining and Smelting Corporation
National Silver Mining and Smelting Corporation
National Diamond Mining Corporation
Assets
Mines
Mine | Country | Photo | CORNAMIF Stake | Type of mine |
---|---|---|---|---|
Chomayugua Mine | Creeperopolis | 100% | Open-pit mine | |
Mafrerio Mine | Creeperopolis | 100% | Underground mine | |
Namoya Mine | Template:Country data Lyoa | 75% | Open-pit mine | |
Salpaltepe Mine | Creeperopolis | 100% | Open-pit mine |