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My use of the E word has to be rationed....but there's going to be drilling on Parki No 6 this autumn. :-)
I don't know off hand. But there are some interesting issues that the Mineral Strategy hasn't taken account of because our situation is pretty unique I think.... it states that it's a simple matter applying for an exploration licence and takes about a year. But the Rule Book doesn't say what happens when a decision isn't made over a period of seven years, presumably time stops still, it's frozen.. When you have an exploration licence granted you must perform work to further the understanding of what's in the ground, within the time the licence is valid for or it will not be extended. So we're OK with KN on that score but with Parkijaure No 2, they refused to extend the licence..there was a work plan but no drilling because of our need to conserve funds, pending the decision of KN; the decision has been appealed but I don't know the result. This is only my interpretation of it, I'm only an investor not a legal person, but it's obviously a matter of considerable importance. We were recently granted a new licence at Parkijaure No 6... and my relief was great.
How far along BEM in its mining perming?
Is it nearing the end of its extensions?
That sounds like yet another positive indicator of an announcement quite soon.
I hope it includes little us, particularly encouraging is the "supply" word, it's one thing knowing what's in the ground and it's another thing getting it out:-
"The Swedish mining and mineral industry is of great importance to Sweden as a nation, both in the regional and local perspectives, but also outside Sweden's borders. It is about supply of raw materials, jobs, welfare and the development of new technology for a green transition."
Sorry to be "that guy"....but what does this mean for us Suzy?
Is that the swedish concept of humour ? Quick kurt, you can splash another 80mn krona on exploration , probably the only decision we are able to take in this rat infested government.
FELLDOWN Cheers! Here's to the day when our cup runneth over. ;-)
So they do care...they love us after all! ;-)
Thanks Surprise2 on Avanza:
They send out their press releases all the time, if you believe what they write is a yes of course ...... or?
This came today.
One year's extension for exploration permits due to covid-19 The
government wants to give exploration companies, which according to current rules, no possibility of extending their exploration permits, an extra year to mitigate the effects of covid-19.
The proposal is now sent to the Law Council for review and concerns companies that are on the last extension and who have exploration permits that are valid on July 1, 2020.
The Swedish mining and mineral industry is of great importance to Sweden as a nation, both in the regional and local perspectives, but also outside Sweden's borders. It is about supply of raw materials, jobs, welfare and the development of new technology for a green transition.
An exploration permit is valid for three years. The possibility of extending an exploration permit is divided into three stages, according to which an extension can be applied for at a maximum of no more than three years, then a total of no more than four years and finally a maximum of five years. The requirements that must be met in order to be granted an extension increase for each step.
The proposal, which the government is now sending to the Swedish Legislative Council, concerns exploration permits that are on the last extension and which are valid on 1 July 2020 and mean that the maximum validity period for exploration permits covered by the proposal will be 16 years instead of 15 years. The proposal does not include exploration permits for coal, oil or gaseous hydrocarbons.
- Exploration is an important part of increasing the knowledge of what is in the soil and of applying for a processing concession. Through the extension, we can counteract serious consequences for the exploration companies and for the mining industry, given the prevailing situation.
Otherwise, significant investments can be lost and resources we need for social development and the green transition are not lost, says Business Minister Ibrahim Baylan
Of the current exploration permit on April 1, 2020, 30 exploration permits are covered by the proposal, ie. state which has been extended as the last step extension and is valid July 1st 2020.
Shortcuts
Council on Legislation: Prolonged duration of exploration permits
https://www.regeringen.se/rattsliga-dokument/lagradsremiss/2020/06/forlangd-giltighetstid-for -research state /
Press
contact Sara Khatemi
Press secretary to the Minister of Trade
and Industry Ibrahim Baylan 076-129 67 08