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My eyes are wide open Ibjj...I can see the same as you can see, just trusting the legal process will carry us home. I'm wide awake and expecting UNESCO to report by the end of March, which is a reasonable time, after which something else should happen. You know me...what's another month. :-)
My cover is blown! Curses!
I do comment in order to make some of these LTHs wake up. The quality and size of the ore body at Kallak is both a source of hope and the company’s Achilles heel. Sadly some LTHs only see the former.
And maybe you’re an agent provocateur? My cynicism allows such musings too. Isn’t your whippet due a walk? Lol!
Maybe Littorin is no more than a Trojan horse.
My cynicism / realism allows me these musings.
And in a nutshell...
“But to reach its new strategy’s goals, the miner said “rapid solutions must be found for various complex issues” – including permits, energy requirements and better conditions for research...”
Big headlines and nothing more... Net zero carbon emissions by 2045? 24-years away. How much do Lkab currently invest on an annual basis? Businesses continually invest... Makes for great headlines, but it’s a lot of hot air...
BEM is swimming in waters where it is chronically out of it’s depth. Added to which the waters are infested with sharks of the political variety.
The sheer magnitude of the investment by LKAB / the state should demonstrate that BEM is a minor irritation and no more. One which Damberg, Baylan and his successors, if BEM stay in business will ignore with absolute impunity.
Sweden’s LKAB has announced plans to invest significantly in developing carbon-free iron ore.
As part of the state-owned miner’s new strategy, which involves “radical changes in the company’s operations and a new position in the market”, it will pump up to 400bn Swedish Krona ($47bn) into its operations over the next 15 to 20 years.
LKAB said that over time, sponge iron produced using green hydrogen will replace iron ore pellets, opening up the way for a “fossil-free iron and steel industry”.
LKAB transformation the biggest in company’s 130-year history
Its new strategy also sets out the path the company will take to achieve net-zero carbon emissions from its own processes and products by 2045 and secures the company’s operations with expanded mining beyond 2060.
LKAB’s president and CEO Jan Moström said: “This is the biggest transformation in the company’s 130-year history and could end up being the largest industrial investment ever made in Sweden.
“It creates unique opportunities to reduce the world’s carbon emissions and for Swedish industry to take the lead in a necessary global transformation.
“The market for iron and steel will grow, and at the same time the global economy is shifting towards a carbon-free future.
“Our carbon-free products will play an important part in the production of railways, wind farms, electric vehicles and industrial machinery. We will go from being part of the problem to being an important part of the solution.”
Switch to carbon-free iron ore offers LKAB opportunity to double its turnover by 2045
According to LKAB, the market for steel is forecasted to grow by 50% by the year 2050, which will be achieved by an “increase in the upgrading of recycled scrap in electric arc furnaces”.
The iron and steel industry currently accounts for more than a quarter of industrial emissions and for 7% of the world’s total CO2 in the atmosphere.
The global market price for recycled scrap is now twice that of iron ore pellets. The miner claims the carbon-free sponge iron that will in time replace iron ore pellets as its main export product is suitable for arc furnaces, allowing the company to “offer industries throughout the world access to carbon-free iron”.
Moström said: “In switching from iron ore pellets to carbon-free sponge iron we are taking an important step forward in the value chain, increasing the value of our products and at the same time giving our customers direct access to carbon-free iron. That’s good for the climate and good for our business.
“This transformation will provide us with good opportunities to more than double our turnover by 2045.”
During the transformation period LKAB will supply iron ore pellets in parallel with developing carbon-free sponge iron.
But to reach its new strategy’s goals, the miner said “rapid solutions must be found for various complex issues” – including permits, energy requirements and better conditions for research, development an
47 Billion Euro!!!! They can buy Kallak for £250 million and save money on transport!
https://www.nsenergybusiness.com/news/lkab-iron-ore/
HUGE money at stake..............https://www.reuters.com/article/us-lkab-investment-idUSKBN28315T
this is why BEM and Kallak is so complicated and annoying for the government. Why doesn't the government or LKAB just buy BEM???
Its so obvious Sweden trying to protect monopoly for LKAB by delaying Kallak, is that even legal? Seeing as LKAB is state owned it stinks of protectionism and they say Russia is bad LOL
clearly they want to use LKAB ore from Lulea
https://rail.cc/blog/lulea-narvik-train
Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a government owned Swedish mining company. The company mines iron ore at Kiruna and at Malmberget in northern Sweden. The company was established in 1890, and has been 100% state-owned since the 1950s. The iron ore is processed to pellets and sinter fines, which are transported by Iore trains (Malmbanan) to the harbours at Narvik and Luleå and to the steelmill at Luleå (SSAB).
Their production is sold throughout much of the world, with the principal markets being European steel mills, as well as North Africa, the Middle East and Southeast Asia.[2]
LKAB has around 4,000 employees, of which more than 600 are outside of Sweden.[3] There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, and sales office in Germany. LKAB has subsidiaries for industrial minerals with processing plants in Sweden, Finland, the UK, the Netherlands, Turkey and China. Additional subsidiaries are in Germany, the US and Hong Kong as well as representative offices in Slovakia, Greece, Spain and South Africa.
LKAB's chief assets are among the magnetite orefields of northern Sweden. Its corporate headquarters are in Luleå and the main production sites are in Kiruna (Kiruna Mine) and Malmberget, close to Gällivare. The ore is partially processed on site, and is transported by freight train on Malmbanan to either Narvik or Luleå depending on final destination.
LKAB has been ranked as among the 14th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.[4]
Giant investment in fossil-free steel production in Boden – 1,500 jobs for Norrbotten
UPDATED FEBRUARY 24, 2021PUBLISHED FEBRUARY 23, 2021
The company H2 Green Steel will build a large-scale plant for fossil-free steel production in Norra Svartbyn outside Boden. Steel production will start already in 2024 – and is expected to create around 1,500 direct jobs in Norrbotten.
The company believes that the steel industry today lacks the prerequisites for a rapid transition to large-scale fossil-free production – and therefore they want to invest in fossil-free steel production in 2024.
"Without competition, this is by far the biggest thing that has happened to Boden since the construction of Boden Fortress in the early 20th century," says Claes Nordmark (S), municipal councillor in Boden.
"It is exciting to continue to be a steel centre when production methods are re-applied. And it is exciting for us to be involved in creating a greener future," says Carina Sammeli (S), municipal councillor in Luleå.
Around 1,500 jobs to Norrbotten
An important source of inspiration for the initiative is the groundbreaking Hybrit project and its founders SSAB, LKAB and Vattenfall. The company looks forward to good cooperation with a common ambition to develop Sweden's position as a world leader in fossil-free steelmaking.
"We want to accelerate the transformation of the European steel industry. Electrification was the first step in reducing carbon dioxide emissions from the transport sector – the next step is to turn steel in cars and other consumer products green," says Carl-Erik Lagercrantz, Chairman of the Board of H2 Green Steel and Northvolt.
H2GS will create approximately 1,500 direct jobs in Norrbotten. The investment means that Sweden's net export value is estimated to increase by approximately SEK 30 billion.
"The climate crisis is the greatest challenge of our time"
The start-up has already recruited a heavy name in the industrial world. Henrik Henriksson, currently CEO of Scania, will lead the company.
"The climate crisis is the biggest challenge of our time – and given the great impact of steel on other industries' journey towards sustainable solutions, a transition is extremely important. H2 Green Steel will be involved in accelerating this important change and making Swedish steel world famous, not only for its quality, but also as the world's greenest steel. It is exciting to be involved from the beginning and build Sweden's next export success," says Henriksson.
By 2030, H2GS will have an annual production capacity of five million tonnes of steel.
"Biggest thing that's happened to Boden"
H2GS and boden municipality have drawn up a letter of intent for the acquisition of the 500 hectare land area in Norra Svartbyn, SIP (Svartbyn industrial park).
"Through the investment in fossil-free green steel, we create a more sustainable society and contribute to the development of our region and we will now gather strength wi
https://twitter.com/IbrahimBaylan_/status/1364227291111329799
Baylan tweeting Green Steel we should bomb his twitter post
https://twitter.com/IbrahimBaylan_
Exactly Pocko. "Lets not make any decisions, we will just write some new documents, that's what the mining sector needs"
When does this fool actually get fired is what I would like to know. Who is worse, the idiot that cant do his job, or his boss that doesn't fire him for it.
Also, H2 Green Steel, situated in Norrbotten County, announced a €2.5 billion investment and plans to produce 5 million tonnes of green steel by 2030. It goes without saying, you need high-quality iron ore to manufacture high-quality steel.
"Norrbotten is Sweden's powerhouse, where mining, power, transport, manufacturing and innovation are coming together to deliver a sustainable economic future for the region and Europe. Kallak is part of that future.
"If you can expediently permit steel plants like H2 Green Steel and HYBRIT, you need to treat equally the companies and investors that are developing the mines that will feed them and ensure security of iron ore supply.
"Kallak can produce a 'market leading' concentrate of 71.5 per cent iron content and the Company has invested over SEK 80 million in the project. The investment in building a mine will be billions of SEK and Jokkmokk Municipality needs this economic stimulus.
"The Company has been in communication with UNESCO regarding its review of Kallak and we now wait on their comments to the Government. Since the Constitutional Committee statement last November, political parties outside of Government are taking a greater interest in our case and, with the support of our advisers, we continue to inform and educate on the facts about Kallak and dispel the perceptions that exist.
"Over the last three year, Beowulf has contributed to the OECD's studies on the mining industry in Sweden, including the inclusion of the Sami in regional development in Sweden. The Company is taking the OECD's findings and incorporating them into draft development frameworks for Kallak that we will share with interested parties.
"Since I have been involved with Kallak, the Company has shown nothing but respect to local reindeer herders and we remain committed to safeguarding their traditional livelihoods. We will continue to listen and to learn.
Also, H2 Green Steel, situated in Norrbotten County, announced a €2.5 billion investment and plans to produce 5 million tonnes of green steel by 2030. It goes without saying, you need high-quality iron ore to manufacture high-quality steel.
"Norrbotten is Sweden's powerhouse, where mining, power, transport, manufacturing and innovation are coming together to deliver a sustainable economic future for the region and Europe. Kallak is part of that future.
"If you can expediently permit steel plants like H2 Green Steel and HYBRIT, you need to treat equally the companies and investors that are developing the mines that will feed them and ensure security of iron ore supply.
"Kallak can produce a 'market leading' concentrate of 71.5 per cent iron content and the Company has invested over SEK 80 million in the project. The investment in building a mine will be billions of SEK and Jokkmokk Municipality needs this economic stimulus.
"The Company has been in communication with UNESCO regarding its review of Kallak and we now wait on their comments to the Government. Since the Constitutional Committee statement last November, political parties outside of Government are taking a greater interest in our case and, with the support of our advisers, we continue to inform and educate on the facts about Kallak and dispel the perceptions that exist.
"Over the last three year, Beowulf has contributed to the OECD's studies on the mining industry in Sweden, including the inclusion of the Sami in regional development in Sweden. The Company is taking the OECD's findings and incorporating them into draft development frameworks for Kallak that we will share with interested parties.
"Since I have been involved with Kallak, the Company has shown nothing but respect to local reindeer herders and we remain committed to safeguarding their traditional livelihoods. We will continue to listen and to learn.
"The Minister suggested that, in the coming weeks, he would present findings of reviews undertaken to develop more robust legislation. He wants Sweden to be the role model for sustainability. The Swedish mining sector will be anticipating his words.”
If only they’d use the laws already in existence. That might help?
" an imaginary iron ore mine in Kallak "
Ain't that the truth?
https://www.riksdagen.se/sv/dokument-lagar/dokument/skriftlig-fraga/sveriges-placering-i-den-globala-gruvrankningen_H8111970
Lars Hjälmered (M)
At the end of February, the Fraser Institute released the annual mining ranking Annual Survey of Mining Companies 2020. Sweden plunges into the global mining list. In 2016, Sweden was in place 8 and now four years later Sweden lands in place 36. Sweden gets an increasingly mediocre place and ends up after countries such as Russia, Mali and Ghana.
That Sweden is now sinking is no coincidence. There are well-known problems with long processing times and frequent and recurring views on how different authorities act.
It is also important to note that the Minister of Trade and Industry has been convicted by the constitutional committee, KU, for his and the government's handling of the application for an imaginary iron ore mine in Kallak in Jokkmokk municipality. Among other things, KU was able to state that the government had not done any visible activities to bring the matter to a decision.
Another notable case concerns Boliden's application for an alleged mining of copper in Laver in Älvsbyn municipality. Late, the day before Christmas Eve last year, the government snuck out its decision that Boliden had been waiting for for several years.
The Minister of Trade and Industry's handling of the Kallak and Laver cases has unfortunately seriously harmed Sweden. The handling has repeatedly been highlighted as a deterrent.
The result of the government's mining policy can now be seen in the mining ranking. It has consequences. The mining and minerals industry is completely dependent on a welcoming attitude, fast handling and long-term perspective. Good opportunities for mining are also crucial to get materials needed in the green transition in everything from batteries to renewable energy. Sweden is now clearly going in the wrong direction.
In view of the above, I would like to ask Minister of Trade and Industry Ibrahim Baylan:
What measures will the Minister take as a result of Sweden plunging into the annual international mining ranking?
Hi TSP. - It wasn't me. I bought on 19 Feb at 4.25 x 100k. It is such an easy, lazy punt. It may go lower, but hey, ho, I've lost in the past, but also won in the past. This time, I agree with Pocko. It feels like we're getting pretty close to crunch time. Baylan is desperate by going to UNESCO. It really is his last chance. And the opening of the steel mill. It really, really looks like a tough call to say no (assuming UNESCO do what you'd expect a bureaucrat to do, which is to say, nowt to do with us). Or to delay much longer. Price always drifts up to around 6p or 7p anyway it seems. It feels like a reasonably easy 50% gain from here. And maybe more if the decision comes in in the meantime. It was to add to an existing holding. And if not, only a small loss on that extra 100k.
And to be clear, I actually think that the end-game is upon us one way or another.
And why would Lövfen not be happy aug59?
He’s been PM since 2014, and as the electorate generally have a dislike for politicians, but clearly have even more apathy towards politics, he (Löfven) and his ilk are likely to be in some form of coalition come September 2022. So little will change... Baylan has, and will be acting upon instruction from the PM. The only party playing outside of this political playbook is Beowulf Mining PLC who have defied all odds and stayed in the game, despite ironically, playing by ‘the rule of law.’