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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.

They are also involved in The Fremennik Isles quest, where it was shown that they were trading with Jatizso, undoubtedly for the ore beneath the city.

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