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The Red Axe is a Dwarven mining company, and a member of the Consortium of eight mining companies which rules Keldagrim. It is led by a Dwarf named Hreidmar. The Red Axe is considered to be the most influential of the mining companies, as well as the largest.
The Red Axe serves as the antagonist in the Rise of the Red Axe quest series. When Hreidmar's face was not put on the giant statue's face, he left the city, taking the Red Axe with him.