Arktikugol

Infobox Company
company_name = Arktikugol
company_
company_type = State owned
foundation = 1932
location = Barentsburg, Svalbard, Norway
key_people =
area_served = Svalbard, Norway
industry = Mining
products = Coal
revenue =
operating_income =
net_income =
num_employees =
parent = Government of Russia
subsid =
homepage = http://www.arcticugol.ru/
footnotes =

Arktikugol ( _ru. Арктикуголь, translates "Arctic Coal") is a Russian state owned coal mining company that operates at Barentsburg on Svalbard, Norway. Though coal is still mined, it is not frequently exported, and the company is heavily subsidised by the Government of Russia. The company formerly also operated the coal mine at Pyramiden, also on Svalbard.

History

The company bought the mines at Pyramiden in 1927, and started mining operations at Barentsburg in 1932. This was in part to insure a Russian presence on the archipelago, since the Svalbard Treaty of 1920 insured that all countries to sign the treaty were given equally rights to natural resource exploitation. In 1998 the company closed the mine at Pyramiden, and settlement became a ghost town.

On October 17, 2006 Norwegian inspectors detected an underground, smoldering fire in Barentsburg, prompting fears that an open fire might break out [cite web |url=http://www.iht.com/articles/ap/2006/11/01/europe/EU_GEN_Norway_Svalbard_Coal_Fire.php |title=Smoldering coal waste on remote Arctic islands could threaten of Russian settlement |author=International Herald Tribune |language=Norwegian |accessdate=2007-07-02] , which would have forced the evacuation of all of Barentsburg for an indefinite period of time, and also caused unknown environmental problems for the entire archipelago. As of November 3, the fire seems to be contained, but there are lingering concerns about the mining company, Arktikugol Trust's lack of equipment to handle the problem [cite web |url=http://www.aftenposten.no/nyheter/miljo/article1520002.ece |title=- Alvorlig brann i Barentsburg |author=Aftenposten |language=Norwegian |accessdate=2007-07-02] .

References

External links

* [http://www.arcticugol.ru/ Company website]