Store Norske Spitsbergen Kulkompani

Store Norske Spitsbergen Kulkompani (SNSK), or simply Store Norske, is a Norwegian coal mining company based on the Svalbard archipelago. It was formed in 1916, after a Norwegian purchase of the American Arctic Coal Company (ACC).

Store Norske Spitsbergen Kulkompani AS

Company type	State owned
Industry	Mining
Predecessor	Arctic Coal Company
Founded	1916
Headquarters	Longyearbyen , Svalbard, Norway
Key people	Per Andersson (CEO)
Products	Bituminous coal
Revenue	NOK 1,200 million
Net income	NOK 350 million (2009)
Owner	Norwegian Ministry of Trade and Industry
Number of employees	340 (2010)
Website	www.snsk.no

The headquarters in central Longyearbyen

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.

The Store Norske Spitsbergen Kulkompani has a shipping port at Cape Amsterdam, 15 km from Sveagruva.^[1]

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]

Former chief executive officers

• Hilmar Reksten^[4]
• Einar Sverdrup
• Robert Hermansen^[5]