Store Norske Spitsbergen Kulkompani (SNSK), or simply Store Norske, is a Norwegiancoal mining company based on the Svalbard archipelago. It was formed in 1916, after a Norwegian purchase of the AmericanArctic Coal Company (ACC).
The company has 360 employees and operated two coal mines. The larger one was located in the Sveagruva settlement, about 60 km south of Longyearbyen. The Svea Nord longwall mine has an annual output of 2 million tonnes of bituminous coal. A third of it is sold for metallurgical purposes. The managing director of Store Norske Spitsbergen Kulkompani was Per Andersson. The Sveagruva mine closed in 2017.
In 2021, the Store Norske Spitsbergen Kulkompani was ranked no. 81 in the Arctic Environmental Responsibility Index (AERI) that covers 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.[2]
History
Store Norske Spitsbergen Kulkompani was founded in 1916. The Norwegian state, that had owned 99.9 per cent of the shares in the company from 1975, increased its shareholding to 100 per cent in 2015.[3]
^Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698
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