Spencer Mining, Inc.
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Founder
Spencer Mining, Inc. was formed in 1950 by the late Rudolph Spencer. He was a mining pioneer in Asgarnieu, renowned by his peers and by his fellow nationals. He brought the Gold and Platinum industry to the nation. He was considered a visionary for his orthodox methods of getting things done.
Operations
Spencer Mining, Inc. is owned by the 3rd generation of Spencer's. It is staffed by over 109,500 employees and has 5 mining sites in the nation.
Importance
Spencer Mining, Inc. is important to Asgarnieu's economy due to the fact that it owns 90% of the platinum mining claims in the nation.
Gold
The Gold mined by Spence Mining is divided up into Sending Sets. 90% will go to the government to be made into currency, 5% will go to the government to be made into boullion, 3% will go to private investors, and 2% will go to the company itself to pay employees and fees.
Diamonds
Diamonds mined by Spencer Mining will usually go to large-scale jewellers around the world, but much of it goes to private investors.
Platinum
Platinum is by far the most valuable material mined by Spencer Mining. 98% of all Platinum mined by Spencer Mining is sent to the government to be used in the 5 Gold Point Coin. It is a .9998% pure coin. The remainder of the platinum will be sent to private investors.
Outlook
Spencer Mining is showing no signs of running dry on ore. In the event they do, they will likely pack up and move to another part of the nation.
The United Democratic Empire of Asgarnieu- Nation: Asgarnieu | Flag of Asgarnieu | "By This Sword, I Swear!" | Asgarnian National Seal
- Government: Justin A. Herbert | Asgarnian Federal Government Agencies | Asgarnian Government
- Armed Forces: Asgarnian Armed Forces Command
- Cities and Towns: Balkan City | Stafford | Fort Carson | Lyra Settlement | Federal District of Las Santia | Los Santos | Las Venturas | San Fierro
- Protectorates and Claims: San Mariano | Lieselstein | Lombardia | Araban | Claims | Colonies
- Corporations: AirAsgarnieu | Spencer Mining, Inc. | Asgarnian Airways | Nationstates News Network | Verras Automobile Manufacturing | David & David
