The Norwegian state-owned coal company Store Norske Spitsbergen Kulkompani (SNSK) announced on Thursday that it would be shutting down its last Arctic coal mine in 2023.
SNSK said it will be closing its Mine 7 on the Arctic Svalbard archipelago, with the settlement planning to temporarily switch to diesel in 2023 before ultimately establishing permanent renewable energy resources, Reuters reported.
“Now that the contract to supply the power plant has been terminated there will no longer be a basis for operating the mine,” SNSK chief executive Morten Dyrstad said.
Reuters noted that the company has shut down its major mines of the archipelago over the past 20 years but continued to keep Mine 7 open in order to supply local coal-fired plants as well as make some exports. The closure of Mine 7 will result in the loss of 80 jobs.