Tag Archives: Store Norske

BUILDING THE ECONOMY UP: Economic activity in Svalbard increases 11.4 percent in 2018, due largely to construction

newhomes

The past few years of economic and literal destruction in Longyearbyen due to the near elimination of mining as a cornerstone industry and existing homes due to risks caused by climate change has paved the way for a strong rebound in economic activity, as total gross income for Svalbard increased 11.4 percent in 2018 compared to 2017, Statistics Norway reported Thursday.

20 MORE YEARS OF MINING: Store Norske, after drastic downsizing, plans to extract coal from Mine 7 until 2040

Store Norske, which is dismantling its two largest mines after laying off most of its employees the past few years after billion-kroner losses left it days from bankruptcy, earned a profit of 10 million kroner in 2018 and plans to continue its last remaining coal extraction at Mine 7 until 2040, according to its annual report.

NOT SO ICE: Anger abound about sea breakup in polar bear, seal area to bring ship carrying fuel to Svea

icebreak

The breakup of the sea ice early this week in an area populated by polar bears and seals so that Store Norske can continue the government-ordered dismantling of the Svea mine triggered considerable outrage among locals and The Governor of Svalbard is now stating it would not have approved the activity if current conditions were known.

Briefs from Svalbardposten for the week of Jan. 15, 2019

newwarehouse

Owner still hoping for alternative heating in new building despite city mandate
A new office/warehouse building in the seaside area of Longyearbyen that hoped to implement an alternative environmentally friendly heating is being told it must still hook up to the city’s central heating system at a cost of 150,000 kroner – but the owners said they still plan to follow through on their intentions.

Briefs from Svalbardposten for the week of Nov. 27, 2018

mine7record

Mine 7 sees record income a year after other Store Norske mining ceases
A year ago Store Norske shut down nearly all of its coal mining operations, but the relatively small-scale production continuing at Mine 7 experienced a record year by achieving the first “real surplus” in the mine’s 52-year history.

Briefs from Svalbardposten for the week of Nov. 18, 2018

russiansclean

Norway’s justice minister says the “government is working on a solution” for private homeowners in avalanche-prone areas, 72 applicants seek 39.1 million kroner  from the Svalbard Environmental Protection Fund and seven Russians help Store Norske workers clean up debris at the aging Mine 2B.

Dead again: Store Norske, after getting ministry to say maybe, gives up on extracting coal at Svea while mines are dismantled

deadagain

OK, this time the hope of doing any more mining at Svea is truly dead. Honest.

Store Norske says it is giving up on the hoping of extracting coal from the mine while carrying out a government-ordered dismantling of the nearby Lunckefjell mine during the next few years. The decision is oddly timed, occurring shortly after the company finally persuaded skeptical government officials to be open to the possibility after months of effort.

But Administrative Director Jan Morten Ertsaas said the board of directors determined at its most recent meeting the economics and logistics simply weren’t going to work out.

From ‘no’ to ‘maybe’: Mining coal at Svea while dismantling it may be OK, trade ministry official says

sveamaybe

The Norwegian government appears to be relenting on its opposition to resuming coal mining at Svea under any circumstances, with a top official now stating the idea will be considered if it can be done cost-effectively while the mine’s infrastructure is removed.

BACK IN BLACK? Store Norske’s new leader says 100M tons of coal can be extracted while mines are dismantled. The government doesn’t sound enthusiastic

sveaproposal

Norway’s government has adamantly and repeatedly insisted Store Norske cannot reopen its two main mines, but the company isn’t giving up the fight as it is proposing to extract 100 million tons of coal from Svea during the dismantling process scheduled to take place for the next few years.

Weekend walkout? Dozens of workers at Mine 7, Svea may join nationwide strike starting Sunday

mine7show

Fifty-three Store Norske employees working at Mine 7 and Svea may go on strike starting Sunday as part of a nationwide labor walkout involving at least 35,000 workers, a local mining manager told Svalbardposten on Wednesday.