Thu, 18th Dec 2014 07:00 RNS Number : 1161A Beowulf Mining PLC 18 December 2014
18 December 2014
Beowulf Mining Plc
("Beowulf" or the "Company")
Update on Kallak North Exploitation Concession application
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak iron ore project in northern Sweden and its Swedish exploration portfolio, has received confirmation from the Mining Inspectorate of Sweden that it expects to provide the Company with the decision on the Company's Exploitation Concession for Kallak North in January 2015.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"I am disappointed that we continue to wait for the Mining Inspectorate of Sweden's decision, but I am satisfied that the Inspectorate is diligently reviewing all aspects of the Company's Application and encouraged by the constructive dialogue between our organisations. The timing of the Inspectorate's decision does not affect the Company's objectives for the development of Kallak."
Just reading the article translation again. The 'too stressful' may have meant by way of remaining time this year in which to complete any Mountain State paperwork on our application, detailing their recommendation. This year is fast running out, with holidays coming up. Maybe it's more of an administration rush. Ours is not the only application being dealt with I would say. I don't think we should panic unnecessarily, because no actual negative reasons were stated in the article, no details. It may only be that perhaps Asa has a lot on her plate and Kallak is too important not to take further time over, considering how long it's been knocking around already. We want it to be spot on, especially if it has to be referred further.
Only my thoughts. Also, BEM has not issued news regarding any problem, so I think we should only deal with what we are presented before us, which at this moment, is nothing further in the negative. Only more time required.
Things won't be rushed, that's for sure. Have to see what the new government can do, as you say, it may be to our benefit. Sweden is already historically pro-mining though, so we should hopefully be safe when the final decision comes on our Concession, considering Kallak is an ANI.
A few more months wait perhaps, well, nothing new there.
BBC News had this report a few days ago which lifted my spirits. A shift away from a left party allied to the greens has to be a plus for BEM. It may not accelerate the appeal decision but could cause a few to look over their shoulder and a more right of centre coalition has to be more inclined to say stuff the green policies and boost industry
Leave Cliffie alone, he is doing useful stuff like not recording excruciatingly bad new songs whilst doing his Peter Pan impersonation.
As for feeding him to Santa's reindeer, you will have the Elf and safety people on your case for forcing the poor wee beasties to eat cr*p as well as having a mine only 200 miles from their grazing area.
Regarding the timing for the MI to reach a decision I have spoken with the good people at the MI and they have promised me that they will read the documents and reach a decision in only half a zillion years thereby halving your estimate.
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