The Elders of Keldagrim, also known as the Council of Elder Magi, were a dwarven governing body who once ruled Keldagrim, a massive subterranean city found beneath Trollweiss Mountain. When the dwarves first fled beneath the surface to escape the God Wars of the early Third Age, they were first ruled by a council of several elders. The Elders were replaced by a monarchial system shortly after the founding of Keldagrim, which marked the beginning of the Dwarven Age of Kings. Some 500 years ago, the monarchy was replaced by the Mining Consortium.