MagnetoDynamics, Inc
Established in 1040 with
an Imperial charter and
a mineral exploitation grant for Fulacin (2613
Spinward Marches
A674210-D).
The corporation holds several patents for the recovery of precious and
heavy metals from atmospheric and oceanic suspension, and originally
obtained
its position on Fulacin for the use of these properties.
Following the severe economic downturn associated with
the False War (1082 to
1084),
the company encountered a cash slowdown, and suspended operations for a
period. In 1089, an influx of capital allowed the company to
resume operations.
In partial support of this new era, the company also established a
large
starport facility (currently
typed as class A, minus) with construction and overhaul facilities to
10,000
tons. Completed in 1099.
The starport facility, envisioned as ultimately supporting
mineral export traffic, has served an interim purpose of supporting
(through
landing fees and other income) the on-going survey of the world for
ultimate
exploitation.
MagnetoDynamics' exploitation grant expires in 1199, with
a renewability clause for an additional 100 years upon demonstration of
efficient and profitable operations.
Stock ownership in the company is divided approximately
as follows: spinward nobility,
8 percent; Imperial Family, 2 percent; large
corporations, 43 percent; investment trusts, 46 percent; public
(individuals),
8 percent.
-TP ld