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Beowulf Mining PLC - Natural resource developer and explorer focused on the Nordic region - Says it aims to have Kallak mine in production in three to four years following the chief executive officer's visit to Sweden this week. The company says it has been reviewing workstreams and timelines for next stage of Kallak, following Swedish government granting exploitation concession.
Chief Executive Officer Kurt Budge says: "I have had many substantive discussions with authorities and potential future partners this week, as I share with them the company's vision for Kallak and the many possibilities that exist for creating widespread benefits. We are making good progress."
Beowulf has also started the process of recruiting a chief executive officer for Jokkmokk Iron Mines.
Current stock price: 5.80 pence, down 4.1%
12-month change: up 35%
By Xindi Wei; xindiwei@alliancenews.com
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