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Not reflected in the sp. Only existing holders and those who have held seem bothered about BEM at the moment, particularly insofar as its other projects go, Kallak aside. Pity, because the Finland project looks promising. We really need a decision before the elections. We also know that there haven't been any valid excuses for us to still be waiting for one, but here we are. Best of luck to us.
What is the Swedish Advisory Board doing? There is never any reference to these people. Nor do I see any value or effect from their existence. Who is next to speak? Who knows. What timescale is the government working to? None. What can the company do if this goes another few months without a decision? Nothing.
If it was this country I would be getting my local MPs involved and asking awkward questions in Parliament. Also would use the Ombudsman for the delays issue. Not aware of any such action in Swedish Parliament.
I wonder if Kurt is hassling them for a decision timeline and when he will update shareholders as he said he would do?
NM spent 100m SEK then sold to a state miner. hmm.........
Hi The bit about the reindeer migration is not even a tiny problem. One of the SAMI's early winges was that our company moving ore eastwards towards Finland would completely wreck their twice yearly migration route. However Kurt had a sneaky alternative up his sleeve. He stated that he has a second potential ore route to the west vie the railway line to Lulea port then to be shipped on from there. The end of that argument. Kurt 1 Sami 0
For anyone whose interested in what you can do with the stuff when you've dug it out....nickel makes stainless steel easier to weld, chromium is the anti rust ingredient.
I think Archelon is state owned.
From memory about the NM case, the nickel makes Sweden self-sufficient in an important component of stainless steel and that gave its ANI unshakeable status. Let's hope the economic benefit to Jokkmokk, the Inlandesban and the Port does it for us
they were amateurs - they only had to wait three years (and another year on appeal) to get the licence. lightweights.....
bearing in mind the Nickle Mountain case it is difficult to see how any No can be justified - in that case the reindeer were actually grazing on the land and there was incontrovertible proof that the Sami would be affected badly by it. I don't think it was even an area designated for mining (like us). In our case the reindeer only have to cross a road twice a year. We know there are plenty of bridge/tunnel designs to get round this. Much of this comes down to the value of the iron ore - we have a huge amount of very high quality. The Gov't know full well that any No would be overturned on appeal. The only issue here is how long people want to keep waiting. The Gov't gave an early indication to Copperstone last year that they would be successful - the SP shot up. This is why you can't hang around waiting for news - anything positive, with a limited number of shares available, will mean you cannot buy until the SP has peaked. If Lbjj is serious about an investment here in the future he should bear that in mind. It's been a long wait but even the most cynical of us expect a Yes decision this year. And we're not a one trick pony as today's rns shows - who knows how much Finland could be worth?
When they sold their exploitation concession to Archelon...was that what they said, never, never again will we go looking for minerals in Sweden... and they changed direction to debt collecting, a sure and certain way. :-(
Don't agree with that Mwilliams... that is can't be a No at this stage but it can in the next stage... .I think it can be a No at this stage but unlikely to be a No at the Environmental Court Stage because that is a process which can be worked out whereas this is the actual decision to grant a 25 year licence to exploit the resource. In other words this is the sharp end. And perhaps you could explain at which point in the process so far was the Rubicon crossed that means it can't be a No? If I were to venture a guess, I'd say it was when the MI referred it to the government with their recommendation that it fulfilled all the requirements necessary for a concession. Arguing with myself here, I think but it's easy to lose the plot in this dark thicket.
Mr Damberg knows the reindeer have something the iron doesn't have and that is legs. ;-)
50p Q2, 1p Q3 following a Russian invasion of Scandinavia, 7p Q4 following the human sacrifice of Boris Johnson and the quid pro quo withdrawal of Russian troops
Finland is much more pre-mining than Sweden (but also cares about the environment) http://www.miningfinland.com/community It's clear the only answer to this is to move Kallak to Finland - that'll show 'em....
Exactly........Progress with patience...It's too far down the line for a NO and legally it can't be a no at this stag. It may be a no for BEM when they legally need to assess the environmental impacts, but not a No at this stage. 25p Q2
well, I say recent..... interesting comparison though; R�nnb�cken is a planned mining project in the north of Sweden in the V�sterbotten County. It is regarded as one of the largest nickel reserves in Sweden having estimated reserves of 340 million tonnes of ore grading 0.18% nickel.[1] The 340 million tonnes of ore contains 0.61 million tonnes of nickel metal.[1] The project has been developed by the Nickel Mountain Group.[2] By 2015-12-31 the exploitation permits were sold to the Swedish company Archelon AB,[3] since Nickel Mountain switched to debt collection business(!). The licence was successful in 2014; Exploitation Concessions to NMG 31 Oct 2014 The exploitation concessions granted to Nickel Mountain Group by the Swedish Chief Mine Inspector have been a heavily debated issue over time. Vapsten reindeer husbandry co-operative conducts its reindeer husbandry in the area of the Ronnbacken nickel project. Vapsten has tried to stop or delay the project IMth reference to its concerns that the project will negatively influence the reindeer husbandry around the area of the future nickel mine. NMG respects Vapsten's position, although NMG considers that the mining activities and the reindeer herding can co-exist. Vapsten appealed the Chief Mine Inspector's decisions to grant three exploitation concessions for the Ronnbacken nickel project. In 2013 Vapsten applied to the SAC ( Sw.� H�gsta F�rvaltningsdomstolen) for a judicial review of the SIMldish Government's decision to dismiss the appeals. A hearing took place in Stockholm in June this year. The SAC (Swedish Supreme Administrative Court) has now published its ruling dated October 29, according to which the Government's decision is upheld. The SAC finds that Government's decision is not in conflict with any rule of law. The ruling by the SAC is not a decision that assesses the detailed environmental issues relating to the possible future mining activities. These issues will be assessed by the Land and Environment Court in the coming process for a permit under the Environmental Code. For NMG this SAC ruling is important since the pending process has created a lot of uncertainty for the project. NMG can now move forward with the initiated pre-feasibility study (PFS) and later on submit its application for an environmental permit.
Kurt Budge, CEO, commented: "Thanks to the rapid progress of our local Finnish contractor, Northdrill Oy, we've been able to complete the latest drilling campaign at Aitolampi in one month. "Now, we wait for assays, but once we have those, and with the information obtained from our 2017 drilling, we hope to produce a maiden resource estimate for Aitolampi (JORC Code 2012 edition) in Q2 2018. "Thereafter, we will look to start a Scoping Study and baseline environmental studies, and more closely assess how we can expedite an application for a mining permit and leverage the growing enthusiasm for battery minerals in the Nordic region. "We look forward to updating shareholders on our progress in due course."
nice update in finland
There's no date on that summary and I'm presuming this is about Nickel Mountain's project at Ronnbacken, which received it's exploitation concession in June 2010 and which was opposed by the Sami village of Vapsten but they were not given leave to appeal. A judicial review followed in accordance with Sweden's obligations under the European Convention of Human Rights and I don't know what was the result of that.maybe it's still ongoing!
property is always a good investment in the long run. But in the long run, we're all dead.....
Evening. Are you saying it�s not a good time to invest in property, after a continuous five year rise in property prices, and a Prime Minister, who is likely to get a trip down to the taxidermist very shortly, unless she can gag members of her own cabinet from making dangerous comments, when there is diplomatic issues with a super-power. Well, you was trashing my investment. atb
Welcome aboard. This soporific lot will circle the wagons as your views do not conform with the " we're almost there " nonsense. As far as your macro economic outlook. Bang on. Unsecured personal debt already exceeds the 2008 figure. Spain and Greece would have already imploded if not for their membership of the EU and the existence of the ECB. Italy not far behind. The US is technically bankrupt, kept adliat by tge IMF. The colossal volume of QE sucked into the global economy over the past 10 years is coming home to roist. Allued to rising interest rates, it will be a pwrfect storm. In 12 to 24 months time we will be in the middle of a crash which will make 2008 look like a breeze. Still, our political leaders will blame it all on brexit. The world us addicted to the one thing which will be it's downfall - perennial and unsustainable growth.
Thanks for todays post, its a breath of hope to a well battered holder since July 2010 with top ups all the way through first half of 2011 (to my dismay!!!) Thor give us strength!