The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I respect your view but don't believe the government are going through this sorry saga for no reason. I think there will be a decision but I am not confident on the timeline or answer. Can't argue with your points about the way the company has been treated though, it is a disgraceful way to treat a potential revenue earner.
This film is due out tomorrow, it;s by the anti-mine brigade https://translate.google.co.uk/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Ftempofestival.se%2Fprogram%2Fgallok%2F&edit-text=&act=url "G�LLOK We are struck by a crackling fire and mildew forests. Beautiful scenery scenes where humans put their untiring tracks. G�llok is a film about mining in northern Sweden, its strong economic forces - and the feelings it awakes. Tor Lundberg is a natural photographer and active in the battle against the newly planned mine in G�llok. In addition to the obvious traces a digging would put on the environment, it would be devastating to the drainage of the area. The mining companies from southern Sweden and the United Kingdom are set against the population of the village, but the locals are also facing each other. Many believe that a mine would be the rescue for the village. In addition to portraying a battle between David and Goliat, G�llok is a loving portrait of a father's and daughter's faith in and work for a common goal. "
I've loaded it on dropbox for you and for info I sent to Kurt so he is aware... https://www.dropbox.com/s/3qg26ip8ztfqmnu/28871127_10214820482081568_73088125997086860_n.jpg?dl=0
from Gruvfitt Johmokk on FB: "Opinion of Beowulf mining. Another lot of excesses and lies. I could write and respond to a lot of them, but I don't have time. The worst thing is, however, that the company promises the municipality of jokkmokk 250 new jobs and sek 600 million in tax revenue during the 14 years of the mine is in operation If their southern deposit is also exploited, they give a total of 25 years a total of 1 billion skattekronor to the municipality of jokkmokk. What a fabulous drivel. No account is taken of the development of technology that takes place until the day the mine starts. Automation doesn't give 250 jobs! And so the madness that jokkmokksbor wants all the 250 jobs. That interest and competence do not exist in the municipality. When Lkab's mine in malmberget in recent years offered around 500 jobs, only one jokkmokkare took the bait. This is the worst gibberish I've ever read."
Arne M�ller Arne M�ller, born April 28, 1960 in Giessen , Germany , is a program editor and journalist at V�sterbotten's News , SVT in Ume� . He supervises developments in the Swedish mining industry, for example, from an environmental perspective. M�ller grew up in Messaure at Stora Lule �lv in Jokkmokks municipality , your parents - who were biologists - moved in 1965. The family later moved to Abisko , and M�ller began his upper secondary school in Kiruna before moving to Ume�, where he studied economics at Ume� University . In the mid-1980s, Arne M�ller began to work as a journalist at the V�sterbotten Kurir in Ume�, initially as a criminal reporter. In 1988 he left Ume� to work on the newspaper Offensiv in Stockholm , but returned after a few years to Ume� and the newly launched TV channel TV 4 Botnia . From 2001, Arne M�ller has been a reporter at Sveriges Television in Ume�, where he has been the editor of V�sterbotten's news . In January 2014, M�ller V�sterbotten-Kurir's journalist award was awarded to Karin H�rnfeldt for the report book Dirty Billions: the back of the Swedish mining boom [ 1 ] [ 2 ] . In 2016, M�ller won together with the photographer Erland Segerstedt Association Excellence journalist's prize Goldspad in the class Book of the Year for the book Norrlandsparadoxen, according to the jury "to have, with extensive research, shown how the mining and wind power industry's airy calculations become a paradox in sparsely populated Norrland municipalities"
He's a Swedish Journalist "Today was the last day to submit comments on the opinions sent to the Ministry of Industry regarding the plans for a mine in Kallak / Gallok. I have looked through all the opinions that have come in and what I can see is nothing further that has come in at the end. The opinions I have seen come from the Bergsssttaten, the two Sami towns, the company, the region of Norrbotten and Jokkmokks municipality. Today was the last day to submit comments on the opinions sent to the Ministry of Industry regarding plans for a mine at Kallak / Gallok.a with 14 years of life or a considerably more extensive mine project that can last for 50 years and perhaps more? The one applied for is the former, but now both the company and the Bergsstad claim that it is reasonable to assume that the business will have a significantly longer life span. It is a very reasonable assumption if you look at other mines in the country. But at the same time it means that the impact on the run is becoming more extensive, as Sirge's cohabitation points out in his opinion. Samebyn also points out that it is necessary to assess the further consequences of ore mining from the mine. The company is of the opinion that it is far too early to talk exactly about how to transport, whether by truck, rail or pipeline (yes, the option is mentioned again). But if the transport is a completely unencrypted card, how should it be possible to assess the congestion for the run-up? This reasoning also has consequences for the socio-economic assessment of the project. When the County Administrative Board said no to Kallak / Gallok, one of the arguments was that it would be an unreasonably high cost for society to set up road and rail to a standard that can handle heavy ore transport. Now the company says that partly ore will be transported and that it is an open question how this will happen. How should a reasonable assessment of the socio-economic costs be made? 50 years ago most mines were small with today's measurements measured. But today it is about multi-billion projects. The effects on other activities and industries are high, environmental impacts can be serious and often large investments in society are required. Then it is extremely strange that there are such uncertainties as to what it really is to decide."
to dropbox see here: https://www.dropbox.com/s/e9vuvgf65xvb4ey/20180302%20Beowulf%20Mining%20plc%20Letter.pdf?dl=0