Auqali Lithium

Auqali Lithium (Spanish: Litio de Auqali), doing business as Auqali Lithium Holdings, S.A., is a Tierradorian listed mining and extraction company headquartered in Santiago, with services around the world. It is known for being one of the largest producers and distributors of the resource lithium. Alongside lithium, Auqali Lithium is also a producer and distributor of most copper, iron ore, nickel and platinum. It was founded in 1864 in the then-independent Tierradorian region of Auqali by Hector Cruz, the Governor of Auqali at the time, to serve as a vassal to the First Tierradorian Republic. Following the annexation of the region into Tierrador, the company began operations around the other regions of Tierrador. Despite its namesake being derived from the Auqali Region, Auqali Lithium's largest producer in the latest fiscal year was the Las Rozas Region in northeastern Tierrador.

The company owns various pockets of land across Tierrador, where it is used for the various mining ventures of the company and its associates. Despite being named “Auqali Lithium” and being one of the largest producers of lithium in the world, Auqali Lithium is the producer of many of the world’s most valuable minerals and resources, such as diamonds, coppers, iron ore and platinum. It has primary listings on the Taisgol Stock Exchange and the Arroyo Rato Stock Exchange, and is a constituent of the Q&Q 100 Index.

History
1864–1986

Governor Hector Cruz of the Auqali Republic founded the Auqali Mining Company in 1864 with close to ₽2.2 million raised in independent funding and donations, along with financial backing from VTBC and Banco Nacional, in the hopes of fixing the failing Auqali economy. Cruz, along with Victor O’Neal, an immigrant from Urcea, began purchasing land across Auqali and in neighboring Tierradorian Republics Castilla Orixtal, La Plazal and Áracado, for use in Auqali Lithium’s mining ventures. In 1876, Auqali Mining struck gold in Eastern Auqali, making its presence well-known across Tierrador and surrounding Cronan nations. In 1880, Governor Hector Cruz passed away at 68 years old. His son, Benito Cruz-Morales, took control with goals of expanding the company’s influence beyond Auqali.

In 1910, following the annexation of Auqali back into Tierrador, Auqali Mining started expanding its influence across mainland Tierrador, opening offices in Porvaos and San Luis, where it operated mines across those regions. In 1926, Auqali Mining was briefly known as the Auqali-Songun Corporation, due to it merging with the Songun Mining Company. However following the bankruptcy of the Songun Mining Company due to the fallout of the Second Great War, Auqali Mining pulled out of the venture in 1934. The 1942 Tierradorian Markets Crisis heavily impacted the company in a negative sense, as the economy at the time was based on the mineral extraction industry.