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(Alliance News) - Beowulf Mining PLC on Tuesday reported that the Swedish government is preparing to make a decision about its Kallak application.
The Nordic-focused exploration firm is looking to secure a concession at its Kallak North iron ore project in Lapland.
In a letter to Beowulf the State Secretary of Sweden said: "As mentioned earlier, the Government decision regarding the application is currently in preparation and I am afraid that we are not able to comment on when a decision is expected to be taken.
"However, I would like to emphasize that we have taken careful note of your information."
The mine is located in a region of land resided by the indigenous Sami people, who have previously resisted further operations at Kallak.
Beowulf has been embroiled in a lengthy dispute over the permit at the northern Sweden mine. In 2013, the company reported that virulent protests hampered a drill programme at Kallak, damaging rigs and other equipment.
Shares in the company were 8.7% lower at 4.20 pence each in London on Tuesday afternoon.
By Eric Cunha; ericcunha@alliancenews.com
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