Kings Bay (company)

Kings Bay AS
State owned
Industry Infrastructure
Founded 1916
Headquarters Ny-Ålesund, Norway
Area served
 Svalbard
Key people
 Ole Charles Ryder Øiseth (CEO)
Revenue Increase 36.8 million kr (2005)
0.2 million kr (2005)
Number of employees
 32 (2007)
Parent Norwegian Ministry of Trade and Industry
Website www.kingsbay.no
In the mine Agnes
Credit: Sigvald Moa

Kings Bay AS is a government enterprise owned by the Norwegian Ministry of Trade and Industry that operates the entire settlement of Ny-Ålesund on Svalbard. The settlement, the most northerly civilian in the world serves research staff. The company provides the necessary infrastructure, such as transport (including the airport Ny-Ålesund Airport, Hamnerabben), real estate, power and water supply, catering and other facilities. The company is also responsible for administering Bjørnøen AS, a government enterprise that owns the entire island of Bjørnøya. In the summer the company also handles cruise ships that arrive at Ny-Ålesund.[1][2]

The company was founded in 1916 as Kings Bay Kull Company with the intention of operating a coal mine. It was later nationalized, and in 1962 the mine closed in the context of a political crisis in Norway known as the Kings Bay Affair (Kings Bay-saken). A research facility was subsequently set up in at Ny-Ålesund, to be run by the company.[3]

References

  1. ↑ Rolf Bryhn. "Kings Bay AS". Store norske leksikon. Retrieved October 1, 2016.
  2. ↑ Susan Barr. "Ny-Ålesund". Store norske leksikon. Retrieved October 1, 2016.
  3. ↑ "Kings Bay-saken". Stortinget. Retrieved October 1, 2016.


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