Penguin Mining Corporation
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Penguin Mining Corporation, also known as Penguin Mining, is the largest mining company in Antarctica and is responsible for the mining of the majority of natural resources in Antarctica. Under the laws of the USA, all Mines are legally owned by Penguin Mining although Penguin Mining commonly subcontracts smaller, regionally based companies. It was formerly nationalized, however the government sold if off to "anonymous investors". It was removed from the Club Penguin Stock Market, where it had a primary listed, when it became a private company instead of a publicly traded one.
The controversy over the identities of the shareholders had caused much criticism at the corporation. Critics claim that the government should force the company to release information about the stock investors to the general public. The conspiracy theories also causes more confusion over who actually owns it; for example, how did Penguin Mining become a monopoly so fast, why the airlines that Sancho owns provide services to the Miners in terms of transport, why do some funds - and miners - mysteriously disappear, why do miners hear voices of an insane, authoritarian puffle in their heads and could there be cover-ups about this, what do the Von Injofaces have to do with it, and why are the transactions of funds handled by "rebel" investment banks?
Background
Colonial Antarctica
When Penguin Mining Corporation was found in 1990, it was found as an average, middle sized mining corporation, operating around three mines in Colonial Antarctica on the behalf of larger. Saying to anyone in the mining industry that they were going to rise up to the top as one of the largest mining corporations in the continent and you'd be laughed off.
About five years of operating service, it secured rights to buy the failing Topaz Mine. This would be the first mine that Penguin Mining both operated and owned. In it's first year of buying the resource exhausted mine, Penguin Mining made a slight loss although it was enough for many investors to attempt to sell their stakes, at much failiure as no one wanted to buy them.
The next year though, in 1996, they finally struck gold (err... iron?) when miners found an iron ore rich area in the first three months. The mine had a massive reserve of it and an almost endless supply of it came out of the mine every month. More profitable elements were also found, such as copper, tin, carbon, chromium, silicon, silver and emeralds. This lucky find propelled Penguin Mining to the top of the most profitable mining companies in Trans-Antarctica and it was included in the top ten in the continent.
Revolutionist domination
In 1997, just as Penguin Mining was entering another profitable year, the King demanded that all mining reserves held by the mining corporations were to be placed under his flipper and sold to fund several mercenary armies to fight against the Revolutionists. The mining corporation didn't like this; mining had been an important way of income of hundreds of families, miners like Rory's family and executives like Das Kapibble's. Handing over the industry's reserves to someone as incompetant as the King would for certain bring doom to the economy.
In protest, almost all the mining corporations issued a boycott against Loyaltists so that they would remain profitable. Only resources were sold to Revolutionist colonies. The King was seriously angered by this and sent an army of 10,000 elite Khanz warriors to secure rhe mines in the Trans-Antarctica Mountains. The army was widely feared accross Antarctica and they had laid waste to armies and pillaged entire cities. What they didn't expect were the harsh mountainous conditions...
The Revolutionists sent an army of 1,000 minutemen to raise a militia, known as the Trans-Antarctician Mountain Patriots, consisting of about 3,000 penguin, in return for training in mountain warfare. The Mountain War began with the advancement of Khanz. However the weather was against them and the 4,000 Revolutionists used this to their advantage, setting up constant raid on the Loyaltist supply lines and ambushing multiple Khanz regiments.
After suffering heavy casualties (estimated to be about half of the forces WIA and a quarter held as prisoners of war), the Khanz fled back to the South Pole. This victory saved hundreds of miners and the mining companies from going bust. Many returned to their mining life, although some continued to support the Revolutionist in military campaigns. Penguin Mining continued their boycott against the Loyaltists and began to swallow up it's rival in Trans-Antarctica. With the Revolution in full swing, they became the largest mining company in Antarctica.
Nationalization
The Revolution officially came to an end in 2000 with the ratification of the Constitution. The South Pole Council soon ordered the nationalization of Penguin Mining. Under it's nationalization period, they expanded to start mining operations in other states such as Eastshield and began oil mining in Sub Antarctica. Thanks to other government supported plans such as SABER and the Itinerod Commerce Circuit, Penguin Mining began to grab up the other mines. At this point though, they didn't have any form of monopoly, with the exception of an oil mining one in Sub Antarctica.
Penguin Mining made attempts to expand it's operations abroad in 2001 but failed. Other countries didn't like the idea of a government owned industry buying it's mines. The famed Steddersørblåser v. United States of Antarctica I case came to court when the government attempted to secure Steddersørblåser, a Freezelandian owned mine, operated by Trans-Antarctican High Penguins, accused the government of specism when they made attempts to secure the mines in response to other nations forbidding any foothold by Penguin Mining being made. The case was eventually won by the High Penguins, who's mine still remains the only mine not to be owned by Penguin Mining in the USA today.
Privatization
The War of 2002 caused a temporary halt in Penguin Mining activities although they were finally able to secure Steddersørblåser. The High Penguins there were fired immedietly during it and made an appeal to the courts but their case was rejected due to the anti-High Penguinism at the time. At the end of the war, the government privatized Penguin Mining. However, for some strange reason, nothing was revealed about the new "anonymous investors".
As soon as it was privatized, strange things began to happen; it originally started with the former MammothAir offering free travel advantages although it soon became paranormal; miners reported strange voices in their heads of a yellow, authoritarian puffle, some miners claimed to have seen penguins wearing moose heads kidnapping miners, only to go missing themselves the next day and some began to find out that they had magical powers. Rumours has it that the failed Philly Cheesesteak Test attempted to discover the mystery over the "miner's insanity". It is unknown whether some of the miners actually took part in it although it's rumored and miners going missing grew.
It soon got more mysterious; between 2004 and 2005, they began to make the ruthless buyouts of rival companies. During the same year, an anonymous leak revealed that Penguin Mining planned to adapt embrace, extend and extinguish tactics to establish a business trust and several antitrust lawyers and the Ministry of the Oversight of Monopolies brought Penguin Mining to the failed International Court of Monopolies in the Antitrust v. Penguin Mining Corporation. Witnesses against Penguin Mining disappeared without a trace and Penguin Mining was brought to a criminal court for this although the Judge surprisingly found them not guilty. The crime went unsolved and Penguin Mining won against antitrust, which resulted in a total monopoly in Deletion Crystals.
In order to avoid taxation, in 2006, Penguin Mining's assets were stored in an offshore bank in the United Provinces of Antarctica and all transactions were handled by investment banks there. The IRPA began to notice these strange happenings and sent it's own private investigators undercover; they too went missing after pianos fell on them out of nowhere and after the mess war cleared, no bodies were found. The IRPA opened a department, known as Universal Secrets, to investigate similar incidents like this.
The Mine in Club Penguin was opened and this further expanded the conspiracy theories, plus caused several EBUL-related lawsuits which are totally unrelated. Despite the fact that there were 30 official employees at the Mine, no mining exploration was attempted. No one knew why but strange voices of that authoritarian puffle caused the manager there called Rory to order no exploration. Instead, they operated the Cart Surfing tracks and contributed in EBUL projects as construction workers, contributing in the Club Penguin Improvement Project, the Save the Migrator Project and pre-party construction.
When Maverick was couped in 2009, much of the assets were moved to the Maverick National Bank, although some remained in the UPA.
Only until 2010 in March where the Cave Mine was opened did any mining began. Gold reserves were found and even more strangely, actual CP coins. EBUL was bought to court when they attempted to ban Penguin Mining from mining at the Cave Mine although it failed. It was revealed that EBUL had planted some of the CP coins there although the rest that was there before hand is unknown. All that is known is that Director Benny got extremely angry after the Cave Mine was opened. Today, Penguin Mining's secrets are kept hidden from the average penguin and it seeems very unlikely that any information will be revealed.
Involvement
Trans-Antarctic mining industry
Other regional mining industries
EBUL and Penguin Mining Company
Ownership controversy
Trivia
Internal Links
Companies
Individuals
Lawsuits
See also