Kings Bay Coal AS

Kings Bay Coal AS is a Baltic Union public limited company that operates the Austevoll Coal Mine Complex, the biggest coal mine operation in Baltic Union and the biggest underwater coal mine in the world.

The name comes from an old mining company that operated coal mines in Svalbard. A group of investors acquired operating rights in 2002 and the mine started production in 2004. Several additions were made during the following years to reach the current production of around 15 million tonnes per year. The largest single-mine coal production worldwide.

The company has proven reserves for 10 years at current rates of production and increased reserves if they invest in new infrastructure.

The company is studying the acquisition of new operations in foreign countries.