Kings Bay (company)

Kings Bay AS

Type	State owned
Industry	Infrastructure
Founded	1916
Headquarters	Ny-Ålesund, Norway
Area served	Svalbard
Key people	Ole Charles Ryder Øiseth (CEO)
Revenue	NOK 36.8 million (2005)
Net income	NOK 0.2 million (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 (Bear Island). In the summer the company also handles cruise ships that arrive at Ny-Ålesund.

History

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It was in 1916 that the company was founded, 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. A research facility was subsequently set up in at Ny-Ålesund, to be run by the company.

Companies wholly owned by the Government of Norway

Airport Express Train Argentum BaneService Electronic Chart Centre Gassco Kings Bay Mesta Norwegian Broadcasting Corporation Norsk Tipping Norway Post Norwegian State Railways Petoro Secora SIVA Statkraft Statnett Store Norske Uninett Vinmonopolet

List of Norwegian government enterprises

Svalbard

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Companies	Arctic Coal Company Arktikugol Bjørnøen Kings Bay Store Norske

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Transport	Barentsburg Heliport, Heerodden Ny-Ålesund Airport, Hamnerabben Pyramiden Heliport Svalbard Airport, Longyear Svalbard Rocket Range Svea Airport

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