It was formed in 1916, after a Norwegian purchase of the American Arctic Coal Company (ACC).

The larger one was located in the Sveagruva settlement, about 60 km south of Longyearbyen.

The Svea Nord longwall mine has an annual output of 2 million tonnes of bituminous coal.

The managing director of Store Norske Spitsbergen Kulkompani was Per Andersson.

The Store Norske Spitsbergen Kulkompani has a shipping port at Cape Amsterdam, 15 km from Sveagruva.