Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Better press than we usually get:
The industry needs new Swedish mines
LEADERS. That mining was one of Sweden's basic industries was learned in school. Similarly, the iron ore, decades after decades, has made Sweden rich. So how many mines are there in Sweden? Sixteen pieces.
LEADER TOBIAS WIKSTRÖM
Published: November 19, 2019, 17:01 This
article is about: Ibrahim Baylan LKAB BolidenLeaders
SHOULD NOT BE FORMINMNE. Boliden wants a processing license for the copper deposit in Laver, where copper was mined until the end of the 1940s. Photo: Anders Alm / TT
Sweden's active mines are mostly old, and some of them are really big like the Kiruna mine. But they are not very numerous and only a few have been put into operation during the last ten-year period.
In recent days, Di reports that the permit cases for an iron ore mine in Kallak in Lapland (Beowulf Mining), the expansion of the copper mine in Aitik in Lapland (Boliden BOL + 0.38%) and a copper mine in Laver in Norrbotten (Boliden). These are big mines, and the permitting process for the three is in different phases. Two of them, Laver and Kallak, are with the government for decisions, and there they have been for several years.
At the same time, all of LKAB's operations in Kiruna will receive a new permit from the Land and Environmental Court.
Last week, Mikael Staffas and Jan Moström, CEO of Boliden and LKAB, held a meeting with Business Minister Ibrahim Baylan. What they demand is efficient and legally secure processes, according to Jan Moström.
A parliamentary majority (M, SD, KD and C) demanded in the spring that the permit processes be speeded up and that the government should return with information about the measures that have been taken, but that does not seem to have helped.
Latexperience affects many sectors. Generally speaking, many jobs stand both in the build-up phase and when there is full production. More specifically, it is also about industrial companies such as Atlas Copco, ABB, Sandvik, AB Volvo and Epiroc as well as consulting companies such as ÅF Pöyry and Sweco.
These have the whole world as a field of work, but the value of a working Swedish mining cluster for those companies cannot be overestimated.
There is a crack in the government in the view of mines. The environmental party is skeptical of new mines, which was most recently manifested at the party's congress and through statements from the Per Bolund language pipeline. And a few years ago, the representative was Gustav Fridolin in Jokkmokk to campaign against the Kallak mine.
The Social Democrats are traditionally positive to the development of Swedish mining.
In Tuesday's Di, the environmental party's spokesperson for the Environment Party, Amanda Palmstierna, says: “The Ministry of Industry probably sees the attitude of the Environment Party, but the government should consider the matter according to the law. There are two completely different bags. ”This statement is
QS, so do I. Lol.
re "Methinks somebody should point out that a suitable place for a mine is where the actual deposits are, not 20 miles up the road where there's nothing of value."
Love it. Can you email that suggestion to the Sewedish Govt please?
I prefer the original 'sketchy fur shareholders'
;)
"Company"....and "for" not "Compant" and "fur".
Lol.
Esperanto lives!
Sorry for typos. I am without my glasses.
Just catching up on recent posts. I agree with your view of our Vardar involvement. Many questions that cannot be answered due to a lack of transparency. Were the Company listed on a stock exchange, for example; if AIM listed, then we'd be in receipt of official RNS news about more specifics to do with the goings on in Kosovo. Any good news, and we've had positive news from the projects there to date, would more than likely be reflected in our own sp here, considering our percentage holding in Vardar. Currently, because it is not on a stock exchange and not bound by certain rules of accountability, making it more open to our scrutiny, the promising news from those projects has never been reflected at all in our sp.
Moreover, supposing Vardar is a success, how will shareholders here benefit, unless there is a special dividend?
I'd much prefer the Compant to be listed, for such reasons. Transparency, accountability (considering our investment), and future profits. It's far too sketchy fur shareholders at present, and, as you rightly point out, why has the value of Vardar risen so markedly of late, with Kurt only now managing to achieve further tiny percentages in return for not insignificant amounts of our money. Money which could be saved for the scoping study at Kal and further drilling on KS.
It seems that he has thrown a large amount of money Vardar's way, and, yes, who else is funding them? Anyone?
I believe SJ74 made a good point the other day re the recent further investment we've made in Vardar to up the percentage. We then had an RNS raising further funds fur "working capital" and also to contribute to the Vardar programs for next year. Point being, if we are contributing yet more money, why aren't we gaining even more of a percentage in Vardar?
Kurt, in my opinion, needs to rein in the spending now, because we simply can't afford to be a cash cow for another exploration company, one that isn't bound by the rules by which we are governed. A dangerous disparity, in my view. Kurt is diluting our investment quite noticeably, without having yet brought us a result on Kal.
He's ok though, because he isn't the one continually losing out.
That's how I view it. We need the Kallak decision before year end, then a structured timescale from Kurt for each stage of every project in our portfolio. Then I may feel more comfortable.
Best wishes.
PS Thanks Andy for the translation.
On cultural grounds? Time they shook their culture up a bit then...the MP are intent on bringing the dark ages back upon us what about a thousand years of mining culture.
Will the Ministers attendance at the conference turn out to be another diversion tactic to keep the hounds at bay? We'll know soon enough.
Meanwhile it is perfectly acceptable to introduce a bit of racism into the green rhetoric (british not swedish owned company) whilst exploiting 3rd world countries for iron ore to feed the greenie TVs,mobile phones, microwaves,cars,ipads,etc,etc ! The rank hypocrisy of these people is amazing,preach fine sentiments but do no engage brain.
If Sweden gets a far right government at the next election it will be due in no small part to ignorant remarks like that from Amanda Palmstierna.
Typical green rhetoric, "we don't think this is a suitable place for a mine"
Methinks somebody should point out that a suitable place for a mine is where the actual deposits are, not 20 miles up the road where there's nothing of value.
The green ideology..... I despair.
"The British mining company Beowulf Mining's application for a processing license in Kallak outside Jokkmokk should not be allowed to proceed. This is what MP's mineral policy spokesperson Amanda Palmstierna says to Dagens Industri.
- The environmental party thinks that the Kallak area is important for the reindeer industry and the Sami culture, here are also very important natural and cultural values. So we don't think this is a suitable place for a mine, she tells DI.
The government will decide whether Beuwolf, who has invested SEK 80 million in the project, will be allowed to continue working on his mine - something that DI states could create a new crack between the government parties."
https://omniekonomi.se/mp-pressar-s-om-gruvplacering/a/K3XdX5
Ibjj I wish you were wrong but the longer this goes on I see a decision slipping further away. There just doesn't seem the political will/make up to get this done.
Baylan is first up at the mining conference in a week’s time.
Of course, it provides all the desparate long termers another slither of hope to cling on to.
There would have been a leak by now if he had anything significant to announce. He will say nothing concrete other than announcing the new streamlined fast track ( ha ha ) application process and expect to be lauded for it.
If you want to know how the privileged elite operate and how divorced from the practicalities we mere mortals face, check out Prince Andrew’s interview.
These people are so insulated from reality, their arrogance is breathtaking. Baylan, Damberg et al fit that mould perfectly.
Not fit for purpose.
What will Budge do after next week and no decision?
Tell us all there will be a decision before summer probably.
Anyone who still expects a decision on Kallak is just wrong.
And the stars are s l u t.
"Risk of crack in government: MP pressures S on mining decision
The environmental party does not want a mine in Kallak. The green line can break a crack in the government, which has ruined the decision for several years.
"We do not think this is a suitable place for a mine," said MP's mineral policy spokesperson Amanda Palmstierna."
https://www.di.se/nyheter/risk-for-spricka-i-regeringen-mp-pressar-s-om-gruvbe****/
Yes I saw that Cowfish, that's where I found Budge's name listed as a director, but its all very sketchy the absolute minimum required to avoid a full audit.
They do have postings at Companies House:
https://beta.companieshouse.gov.uk/company/10474687/filing-history
TFE, I missed your post on this until now, but your position sums my feelings about Vardar Minerals very well - it appears to mimic the previous ventures that Beowulf has thrown money at.
... which I told you where the worst election winners (Big Stef hah, yeah right):
https://www.di.se/nyheter/risk-for-spricka-i-regeringen-mp-pressar-s-om-gruvbe****/?fbclid=IwAR1uLv5tHm-x2WJuyk-_F_ZnDwSfj1p-NW42d6VWiyYUDYlmMcrafg6dFTk
Amen! lol.
You know my views, always good to have the debate.
I remember when Clive took us down various avenue's which I have mentioned previously, and that Equity swap agreement with Lanstead caused a great deal of discussion on here, not any more.
I guess all LTHolders are exhausted by now, but I acknowledge this BB has been 'kept alive' by a few through the lean periods.
And let's face it there's been a lot of those.
I think before the end of this month the light will be shining on BEM.... the direction we will be traveling in will be obvious after the mineral meeting..... and the end will be nigh either way....i vote upski SP..... and loads of local share holders will be smiling....
No more good luck wishes from me.... more like
2020... the year of the wolf