The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Evening. Yes, why not - a celebration! This industry has provided much, for many and for so long. Coming back a step, if a working mine should be granted for Kallak, it would be a energy generator! Given the life-time of a mine, and the pace of change in respect of energy use/type, there could be possibilities for energy provider. Greater commercial opportunities for others in Jokkmokk would be a given, as a result of any operating mine. I read somewhere that Kurt’s brother, Grant Budge, (I think he is named), is a Consultant (Energy/Industry) to BEM? I only make mention because, initial capital input for energy generation is considerable, and it is KB’s duty to both, exploit any opportunity and to provide where the interest is wide and mutual. Imo only. atb
Considering the Kal deposit has been designated an ANI for mining, perhaps the hole could form some part of a natural resource national museum. Even if it did become a lake. Imagine a "green" area of interest which incorporated and represented Sweden's thousand year mining heritage. In all seriousness. Catering for people and their traditions shouldn't always begin and end with the Sami. Only my thoughts.
Afternoon. PaulAim, a lake? Maybe! Judging by some of the videos posted here over time, then maybe the creation of a animal welfare centre wouldn’t be wasted on some that I can think of. atb
Thanks Aug, interesting comments especially regarding iron ore quality.
As a frivolous aside, they could always create a lake but there again, when I worked in Sweden there were approximately 24 lakes per angler (97000+ lakes in total of any significant size) so its not exactly like they need another any time soon :-)
Flat race now too, no tricky fences. The Swedes have erased the finish line though. Bit of a problem. Patience indeed.
The final furlong
Afternoon. PaulAim, some thoughts re your question on Tuesday …. “Does anyone know what Beouwulf's plans are for 'back filling' the landscape once an area has been open mined?” …. I assume that BEM’s plans in this respect, would be submitted at the appropriate stages (Environmental Permit, Mining Licence) perhaps!
Normally, when a full Mining Licence has been granted, only a percentage of the total licence area, will be permitted for mine operations at any given, via permit release. Again normally, both mining, and the re-instatement works are carried out simultaneously in the permit area throughout the life of the mine. If we take Australia, for one example, this is all managed/policed tightly by their Environmental agency using aerial photography. The purpose for which, is to lessen the disturbance that a mine can present at any given time.
One further consideration is, if a resource has only low/average grade(s) of iron ore, then some of the low/poor grade from the same, may not be commercially viable to process, and this would be used as backfill. Generally speaking, the higher the grade of ore (Kallak), then the need to import for backfill is greater, from neighbouring or further locations. Of course, all of which would be subjected to negotiations with the agencies, in what they hope to achieve for Kallak in the longer term should a concession be granted. The above is my understanding only. atb
I like that name Sooz. Looked it up, so I guess a derivative of Bastet? Maybe she will look after us. Yes, I'm tired out as well. It's been a case of anxieties and stresses for many months with me. When each Saturday comes I always feel as if I could sleep for about a thousand years. At least we have a slight reprieve on the 'thing' for now. I quite like molybdenum Sooz, so if I ever get a lady cat, I shall name her Mol(l)y. Lol. Have a restful weekend. xx
I've called her Bastette, Eric, and she is real, she's real cast iron How I came by her is too long to tell, but she can be a mascot; cats are cousins to wolves. Quiet day, have we spooked everybody. How are you bearing up... I'm so tired I can hardly keep my eyes open, what with this and that. Aktie closed blue at 0.97 so not bad. Have a nice weekend.
Have you named the cat yet? Until I read your last cat post, I thought you'd purchased a real cat Sooz. And just maybe, so did most other people. Ha ha. Unless you are actually painting the eyes of a real cat. Lol.
Thanks Sooz. A good read that.
https://www.skrivunder.com/ja_till_gruva_i_jokkmokk
Thanks to Imz87 on the Avanza page
It worked very well thank you JohnnyT and I'm going to give my new cat nice golden eyes like that cat...with the help of a bit of paint. If anyone complains that this message is another rubbish off topic post, it is not...I have rescued this cat from being recycled...so it is not only a black cat it is a green, ferrous metal black cat. Now then, when shall we three meet again.
Nighty night. XX
Black cat. Love it Sooz. I bet you are feline good. Lol. x
Black cat, eh?
Look like this fella? (no idea if this link works - guess I soon find out)
https://external-preview.redd.it/Tiaivr7pCk-JwaPfhGx3dMt8zts7i6DskmdND747BX4.jpg?auto=webp&s=f0cbeb6460ca8a0dc0c8e8042c27129ad4bcae94
The pressure is clearly full on.
Guess what I just bought, you won't believe this...a black cat...the synchronicity of quite astonished me.
....But now, when the government and new Minister of Industry Ibrahim Baylan are in place, it is high time to reform the permit processes.
At the mining industry's autumn meeting on November 28, 2017, then Minister of Industry Mikael Damberg spoke wisely about the importance of the mining industry. He emphasized the ability to innovate and the important role of the industry in the transition to a fossil-free society.
However, it is not enough with fair speech. Sharp measures from government holdings are now also required.
https://www.nsd.se/nyheter/lyssna-pa-hammarstrom-nm5055863.aspx
You can not embarrass politicians. They have no shame. When under real pressure, they show their true colours, which do not manifest themselves as embarrassment.
Look at our own MPs. Look at the EU leaders, Macron in particular.
You can not embarrass politicians. They have no shame. When under real pressure, they show their true colours, which do not manifest themselves as embarrassment.
Look at our own MPs. Look at the EU leaders, Macron in particular.
An excellent article tintin but first written by 9 local bodies over a year ago and still no action ? Lets hope this recent reminder serves to embarrass the government into taking some decisions.
oh, beats me. I have to use chrome to translate it and I'm chrome-less at work. It's a link from the facebook page....
anyway, all good probably.
Tintin
But now?
Cheers Tintin, back on topic.
You left us hanging with the 'But now' ending though ;-)
Listen to Hammarström!
Olov Abrahamsson04:00 | 2019-03-21
LEADER More than a year ago, nine Norrbotten politicians - including the municipal councilors Robert Bernhardsson, Jokkmokk, Ulrica Hammarström, Pajala, and Niklas Nordström, Luleå - wrote a joint debate article in the newspaper Dagens Samhälle.
They pointed out that elongated and unpredictable government processes make it difficult to develop the mining industry in Sweden.
"Over the past ten years, there has not been a single new mining establishment outside existing areas. In cases such as Laver, Kallak and Pajala, as well as in the fundamentally important case of Norra Kärr, we see how state authorities complicate the establishment of new mining activities, ”they wrote nine.
For example, the former county governor in Norrbotten has described the Byzantine process around Kallak in Jokkmokk as a "Moment 22". The application has been balled around between different authorities for over four years!
The local councils of the Norrbotten are not alone in the criticism.
In a report, Government Growth Analysis also notes that the extended permits processes hamper innovation and new business. Instead, the report authors believe that Sweden should take advantage of the development potential that exists in the mining industry.
“In comparison with most other countries, Sweden has an environmentally friendly mine mining and electric mix. This therefore constitutes a potential Swedish competitive advantage that is currently not particularly utilized. The state can implement measures to create better conditions for such a development, ”says one of the conclusions in the report" Innovation-critical metals and minerals from mining to product ".
The same conclusion is drawn in the state mineral strategy from 2013.
It was talked about how Sweden would maintain and strengthen its position as the EU's leading mining country. The aim was set for Sweden to have 50 mines in 2030.
At the moment, however, the development goes against the political intentions.
Although both the Alliance parties and the Social Democrats - that is, a devastating parliamentary majority - back up the mineral strategy, the state bureaucracy puts an end to the wheels of the mining industry.
As a result, both domestic and foreign investors are scared away.
It is worrying for Sweden as an industrial nation, but also for climate policy.
The alternatives to Swedish mining production, which is a world leader in terms of sustainability and climate-smart innovations, are in many cases imports from low-wage countries with poorer environmental and working conditions.
The article of the Norrbottian politicians was overlooked with silence during the 2018 election year. The mining policy was no hot topic.
During 131 long days of government formation after the election, mining policy, like many other things, has also been abandoned. The transitional government had limited room for maneuver.
But now,