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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.