Tag Archives: China

ALARM ABOUT ADVISORIES ACQUIRING AUSTRE ADVENTFJORD (AGAIN): Russia and China (still) interested in coal-rich land near Longyearbyen, attorney tells Norway (and media)

austreadventfjord

This may sound familiar: Russian and Chinese companies are among those interesting in buying the coal mining rights to a large tract of land near Longyearbyen, an attorney representing the holder of those rights is telling Norway’s government and media.

Unsurprisingly, headlines appear nationwide Wednesday about the prospect of a major advisory gaining a potentially large economic/political foothold in Svalbard after it was first reported by NRK. But the coverage also noted the issue has surfaced repeatedly beginning in 2014 when the family-owned company that owned the land announced it planned to sell it – and how that ended up being what many called essentially a “ransom demand” to pressure Norway’s government into paying a heightened price to buy the land.

CHINA BUYING HURTIGRUTEN – LEGIT POSSIBILITY OR NOT? A columnist set off a media firestorm by declaring it a ‘realistic scenario,’ but is it just idle clickbait speculation?

hurtigrutennorthernlights

An analyst snagged national headlines Thursday by suggesting China might buy Hurtigruten in the wake of the company’s COVID-19 scandal in an effort to further the country’s goal of establishing a major presence in Svalbard. Such a presence, along with that of countries like Russia, has for years been among Norway’s top security worries – but is the columnist offering a legitimate scenario or merely clickbait?

On one hand, we’ve been here before with China and large purchases in recent years, and it ended up being it ended up being something of a joke. On the other, another author who’s a foremost expert on Svalbard and Arctic conflicts declares “Hurtigruten will be sold, sooner or later” – although he suggests Russia might be the country more ideally suited to make a Svalbard power play.

Go USA…but go away China? Opposing reactions to two large-scale foreign investments in Svalbard

newdock

They’re both huge potential investments in Svalbard by foreign entities. One is being hailed as a key element of Longyearbyen’s post-mining future. The other is seen as undesirable and a possible threat.