Wikipedia:

Bjørnøen

Bjørnøen AS
Type State owned
Founded 1918
Headquarters Flag of Norway Ny-Ålesund, Norway
Area served Bear Island
Industry Real estate
Revenue Green_Arrow_Up_Darker.svg NOK 213,000 (2005)
Employees 0 (2007)
Parent Norwegian Ministry of Trade and Industry

Bjørnøen AS is a Norwegian government enterprise that owns all land and some heritage buildings on the uninhabitated overseas territory of Bear Island (Bjørnøya in Norwegian, thus the name). The company is managed by Kings Bay AS, and does not have any employees. It is owned by the Norwegian Ministry of Trade and Industry, who own the company as part of a strategy to claim sovereignty of the island.

Kings Bay is responsible for the administration of the company, financed through the ordinary state subsidies to Kings Bay. The company has the same board of directors and managing director as Kings Bay. The Norwegian Meteorological Institute rents some land for a meteorological station on the island. They are also responsible for coordinating any scientific activities on the island, that (with a few exceptions) became a nature reserve on August 16 2002.

History

The company was founded as I/S Bjørøen Kulkompani on June 3 1918 to perform coal mining on Bear Island. It was nationalized in 1932 and became a subsidiary of Kings Bay in 1967.



 
 
 

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