so yes, Huang Nubo does want to buy that chunk of Svalbard

Huang Nubo 黄怒波 tells NRK in Beijing that he’s the only potential buyer for Austre Adventfjord, a 200 km2 plot of land in Svalbard, which he estimates could set him off some $4m (i.e. less per hectare than what he was willing to offer for Grímsstaðir á Fjöllum in Iceland). He says he wants to set up a holiday resort there and to offer fishing excursions and cruise trips to nearby fjords, to cater mainly to Chinese tourists (like the ones who already go to Svalbard).

The current owners of the plot had said they wanted to mine for coal there, even if the land itself ends up being sold.

More on the Svalbard sale, with and a bit of background, in my two recent posts on the topic.

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