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Thanks for your thoughts Aug...we agree then. atb.
Suzy2, the suspicion was, the referral to UNESCO looked to be more political than professional, and then, UNESCO’s comments confirmed that suspicion to many onlookers. From what we do know, should this all be tested, I do not see UNESCO’s suggestions/ recommendations to be any match for the Mining inspectorates recommendation report.. What’s clear is, nothing in UNESCO’s comments should change BEM’s position – on the wider! Imo only atb…
The party line for which party is another question...because the S have never declared themselves to be anti mining.
Morning. Don't you think he's just towing the party line, Aug...for the PM? That's what I think, he's perfectly secure in the knowledge that he's doing exactly what's required of him...nothing. And there's three years evidence that that's the plan.
Chancer Baylan, should have a re – think! He’s been digging a hole for far too long, and UNESCO, only has a bigger spade to offer!......Imo only atb……………..
Morning Suzy it’s the BEO AGM on Friday , hope it will be interesting for all of us that are left, Brighton seafront is packed without any self distancing, no wonder the cases are going up ,good luck,
Morning Gentlemen. Dave...Thanks for the information about Aura, that's very interesting...and DAZ for the translation of the Kuriren article. Let's see what next week brings. Have a nice weekend.
apologies - links corrected
atb
https://www.world-nuclear-news.org/Articles/Resource-boost-at-Swedish-deposit
https://www.wiseinternational.org/nuclear-monitor/860/sweden-bans-uranium-mining
https://www.world-nuclear-news.org/Articles/Aura-seeks-compensation-for-Swedish-uranium-ban
https://www.tellerreport.com/news/2020-03-29---sweden-does-not-pay-compensation-for-missing-uranium-exploration-.rkIX096LI.html
https://www.lse.co.uk/rns/AURA/march-2021-quarterly-report-7fh6yonq9jaak6x.html
https://www.kauppalehti.fi/uutiset/K%C3%A4%C3%A4nt%C3%A4%C3%A4k%C3%B6-Ruotsi-kelkkansa-ydinvoimassa-Jo-puolet-puolueista-n%C3%A4ytt%C3%A4%C3%A4-vihre%C3%A4%C3%A4-valoa/0e91c103-37ec-42e2-9d9c-a990f7e49a4b
Re the U co
They were allowed to explore and build resource of
World Nuclear Association - World Nuclear News (world-nuclear-news.org)
And more since.
Sweden decided to ban mining of
Sweden bans uranium mining | Wise International
The Co first attempt
Aura seeks compensation for Swedish uranium ban : Uranium & Fuel - World Nuclear News (world-nuclear-news.org)
The response
Sweden does not pay compensation for missing uranium exploration - Teller Report
Activist led proxy fight has seen ‘turmoil’ (and major shake up dilution and consolidation) (imo) and bigger fish to fry for a while but the claim is still considered one of the companies main assets.
“The Swedish compensation claim remains ongoing and Aura continues to be steadfast in action to recover the value of the confiscated asset.”
Aura Egy Regulatory News. Live AURA RNS. Regulatory News Articles for Aura Energy Limited Ord Npv (Di) (lse.co.uk)
Meanwhile baby steps that I’ve hope will escalate and eventually negate the claim.
Kääntääkö Ruotsi kelkkansa ydinvoimassa? Jo puolet puolueista näyttää vihreää valoa | Kauppalehti
The situations with both bem and tym cf aura are very different, imo, in that the events have been delaying rather then legislative prohibition so hands not force to same degree, arguably. Personally happen with how KB handling them and his comprehesive response to unesco, the power of patience is slowly switch sides, I feel.
At least the stance upon ‘current info’ from unesco has been delivered….next ‘move’ awaited.
Same theme as part of my 03/01/21 tym posts tbf.
Just FYI
Liked the fennoscandian news yesterday.
For me to easily find – “as at 31 May 2021, there were 597,364,582 Swedish Depository Receipts representing 72.1 per cent of the issued share capital of the Company and trading on the Spotlight Stock Market in Stockholm. The remaining issued share capital of the Company is held in the UK.”
Ta for these
Kallak No1...2006:197 ...valid from 28/06/2006 to 28/06/22,
Parkijaure No 6.....2019:81...valid from 10/10/20019 to...10/10/2022
Parkijaure No 2.....2008:20...valid from 18/01/2008 to.....18/01/2023
Atvidaberg No 1....2016:51...valid from 30/05/2016 to .....30/05/2022
AIMO ATB
Its great to see that the locals (if not the Sami) want the mine also. I think the Sami position is just to see what they can benefit from making a fuss anyway. Reality is that even the Sami business will prosper from the extra money and people in the County.
Cont...
Now Unesco has made a statement, but it does not help the government. The organization notes that the mine will disrupt the World Heritage Site, probably a lot, but that it is difficult to comment on the extent. UNESCO does not call on the government to reject the concession. Both sides believe that the opinion speaks in their favor.
The government is stuck where it started. With trade-offs it lacks enough backbone to do and parties who suffer from no decision are ever made. It's unworthy. The government must make a choice and stand for it. Everything else is inhumane.
Article translated by Jonas Sandberg
Obtaining a mining permit is a rather slow process under the best of circumstances. But with the current government, it is hardly a process at all. The mining company Beowulf has been waiting for over ten years to receive information about the iron mine in Kallak. It's downright laughable.
That the government is unable to enforce the law is depressing, but it is not the only time. Remember Preem's expansion of the oil refinery in Lysekil which, despite meeting all legal requirements and being approved by a court, would still be tried by the government, just to. If the government wants to take other considerations than those required by law, it is of course in some sense its privilege - but it comes with a price tag.
Sweden's reputation as a country worth investing in is slowly but surely destroyed when the government ignores the laws and makes other assessments without taking into account what the legislature has expressed. In the long run, this is something that can cost Sweden very dearly.
But that is not what the government is doing in the case of the mine in Kallak. Instead, it does its best to avoid doing anything at all. Prime Minister Stefan Löfven is desperate to avoid dealing with the issue at all. Deciding to let the laws apply also means taking a stand for mining that encroaches on the reindeer herding industry, directly the Sami village Jåhkågasska tjiellde would be affected. But paralysis of action harms all parties involved.
Beowulf has had to wait a long time for permits which, according to current rules, should be granted to the British company. In the meantime, the company has invested as much as SEK 80 million. It is certainly not free not to conduct mining operations in Sweden. While the company is bleeding, the government has rolled its thumbs so much that the constitutional committee teased the government for not having done anything at all for a full three years.
On the other side is the Sami village and its reindeer owners and caretakers who have been forced to live for over a decade with the uncertainty of not knowing if their reindeer herding area will be intact. It's a long time of uncertainty. Should you dare to invest in new equipment, perhaps develop the business? How can one even make such decisions when one is never told what is going to happen.
The government's lifeline was the UN agency Unesco, which asked the government to comment on how the mine would affect the Laponia World Heritage Site. If Unesco could only comment categorically, the matter could be resolved. All the government needed to do was state that there was no choice but to act in accordance with the statement .......
Can you give us the low down DAZ...there's a paywall on that link?
https://kuriren.nu/nyheter/artikel/regeringen-raddas-inte-av-unesco--nu-maste-man-valja/r2mp70pj
Mr Damberg got moved to Justice. ;-)
I don't think the uranium mining company received any compensation...they lost their appeal against the decision to abandon uranium mining and I doubt they got any compensation, I'd like to be corrected about that but I can't find any information. As a Mining Nation Sweden has no credibility left with this current Government.
Thanks Suzy, Wotisworth.
These dates are not far off and I'm slightly alarmed to be honest. They could say that with the uncertainty surrounding the issue of the licences we will postpone extending them for the time being.
I wouldn't put this dirty trick past them (would you?) and its something KB needs to hammer out with them.
If there is the slightest prevarication then we may as well go to court, win a load of money and exit Sweden.
The Atvidaberg licence is interesting...its on the historic copper fields of Atvidaberg and Bersbo...first heard about it when the previous Minister Damberg gave a speech at a converence, similiar to Minister Baylan's speech when he welcomed investors to do business in Sweden. Mr Damberg said he believed these historic mines had enormous potential with new mining techniques...can't imagine people were queuing up for the privilege but we took a licence. Now remember when Mr Damberg announced that he'd looked at the boundary of the Laponia and he asserted that the law was enough, he was absolutely clear about it. He also said mines are where they are and reindeer have legs (possibly I've made up the legs bit but it was implied anyway). And he said that mining and herding can coexist and there were successful examples of it...nowhere has a cooperative closed down because of mining.
I doubt that they (govt) could not renew the permit based on the fact that they have caused the delays.
Kurt said he expects to come back soon with more info from the govt after he spoke with them. I wonder if they is a "Normal World"soon or a "Swedish Govt" soon
Parkijaure No 6.....2019:81...valid from 10/10/20019 to...10/10/2022
Parkijaure No 2.....2008:20...valid from 18/01/2008 to.....18/01/2023
Atvidaberg No 1....2016:51...valid from 30/05/2016 to .....30/05/2022
Morning Paul.
Kallak No1...2006:197 ...valid from 28/06/2006 to 28/06/22
Thank you
Does anyone know when our permit expires at Kallak ?
A valid question indeed ADF.
"The fact that market-sensitive information became public before the company was informed is extremely serious and risks undermining Sweden's reputation as an investment country."
In my book they've already blown that one.
When (or if) this farce is ended I'll think twice before investing anything that's got Sweden's name anywhere near it.
Perhaps this:
https://spotlightstockmarket.com/sv/bolag/irtrade?InstrumentId=XSAT01000607&fullOrderBook=true