Tag Archives: Svea Nord

Mining company on Svalbard will reduce workforce

Svalbard’s coal mining company, Store Norske, will reduce its workforce by 90 employees, reports the Barents Observer. Due to the financial crises the coal prizes fall from USD 175 last autumn to USD 53 at its lowest the first half year 2009, and is no around USD 70 per ton, reports Svalbardposten. The state-owned Store Norske has ...