Arktikugol
Sign in to saveArktikugol () is a Russian coal mining unitary enterprise which operates on the island of Spitsbergen in Svalbard, Norway. Owned by the government of Russia, Arktikugol currently performs limited mining in Barentsburg. It has carried out mining operations in the towns of Pyramiden and Grumant, which it still owns, and once operated a port at Colesbukta. The company is headquartered in Moscow and is the official agency through which Russia, and previously the Soviet Union, exercised its Svalbard policy.
Key facts
- Company.name
- Arktikugol
- Company.logo
- Arktikugol_Арктикуголь_Logo.svg
- Company.logo_size
- 200px
- Company.type
- Federal State Unitary Enterprise
- Company.foundation
- 1931
- Company.location
- Moscow, Russia
- Company.area_served
- Svalbard
- Company.industry
- Mining
- Company.products
- Coal
- Company.parent
- Government of Russia
- Company.homepage
- www.arcticugol.ru
via Wikipedia infobox
Wikidata facts
- Revenue
- 419159000
- Official website
- www.arcticugol.ru
Show 5 more facts
- inception
- 1932-01-01
- total assets
- 1961415000
- total equity
- 1163995000
- operating income
- -596681000
- net profit
- -6865000
via Wikidata · CC0
~19 min read
Article
10 sectionsContents
- History
- Background
- Pre–Second World War
- Cold War
- Post-dissolution
- Operations
- Incidents
- References
- Bibliography
- External links
Arktikugol () is a Russian coal mining unitary enterprise which operates on the island of Spitsbergen in Svalbard, Norway. Owned by the government of Russia, Arktikugol currently performs limited mining in Barentsburg. It has carried out mining operations in the towns of Pyramiden and Grumant, which it still owns, and once operated a port at Colesbukta. The company is headquartered in Moscow and is the official agency through which Russia, and previously the Soviet Union, exercised its Svalbard policy.
The company was established on 7 October 1931 to take over all Soviet mining interests on Svalbard. At the time Grumant and Pyramiden were bought, although only Grumant was in operation. It also bought Barentsburg from Dutch interests. The company retained operation there and in Grumant until 1941, when all employees were evacuated to the mainland as part of Operation Gauntlet. Mining resumed in 1947 and commenced in Pyramiden in 1955. Declining coal deposits resulted in Grumant being closed in 1961.