Commenting KEFI's Executive Chairman, Mr Harry Anagnostaras-Adams, said, "We are very pleased with this result straightaway with our first drill hole at the large Hawiah target. This first drill intercept of massive sulphide confirms our exploration model and reinforces our confidence in the area's high prospectivity for gold and copper."
Always thought the Saudi thing looked interesting - massive eh?
Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, is pleased to announce that the Company has today exercised its option in Vardar Minerals Limited ("Vardar"), investing a further £115,000 and taking the Company's ownership of Vardar from 37.6 per cent. to 40.1 per cent.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"With a series of recent announcements about Vardar's exploration achievements at Mitrovica and Viti, and following the Board's excellent visit to Kosovo, Beowulf has exercised its option to increase its ownership of Vardar to 40.1 per cent.
They clearly have spare money to invest..
The SP has never believed in the deeps - it's basically propped up on the shallows. The increase could be a lot more than that because of the shock and finally investors start believing in this company instead of holding back. We're all well used to the delays and excuses over the years (8 in my case) but if just ONE deep comes good we have a MASSIVE amount of oil to exploit. This could be a momentous month!
Firstly, this is, of course, an entirely unacceptable operation. The Legal certainty that is permitted today must be removed. It is a matter for the government, but the centre party runs in Parliament, among other things, by lifting the matter in the committee on nutrition and through debates and questions with the responsible minister in Parliament's house. If we manage to maintain and preferably develop our forward position as mining, we must protect and maintain the competence and knowledge that exists from mapping to aftermarket.
Today, the authorisation procedures for Swedish mining are long and difficult and also spread across several different authorities. Unfortunately, the conditions for the licensing of mining activities have begun to slow down in recent years. We believe that the government must begin to determine the cases of processing concessions collected on the government table, everything else is unacceptable. The vast majority of cases relate to norrbotten.
This year, Parliament addressed a so-called announcement to the government which, among other things, aims to avoid the exact deaths of the mining mining process. We will continue to follow the question and lift the issue where we can, however, as I said was the responsibility of the government."
or they could start giving a toss about their economy
Now, new business minister Ibrahim Baylan and his government colleagues are trying to quickly save what can be saved.
Sharp decisions are needed to show that there is seriousness behind the ambitions to develop Sweden as a mining nation. Otherwise, it will be very difficult to defend the Social Democratic mining policy in the 2022 election movement.
Long-term and unpredictable authorization processes scare away investors.
04:40 | 2019-10-10
MP Mattias Karlsson (M), Luleå, has decided to notify the Government to the Parliament's Constitutional Committee (KU) for the late handling of the processing concession for Kallak, the iron ore deposit in Jokkmokk.
It is no wonder that Karlsson and other opposition politicians take the opportunity to give the S-led government a nod. Unfortunately, the preparation of the Kallak case leaves some to be desired.
The company Beowulf Mining has carried out test drilling in the area since 2010 - and in April 2013 the company submitted an application for a processing license.
Since then - for more than six years - the case has been balled as a hot potato between Bergsstaten, the County Administrative Board of Norrbotten, the Swedish Environmental Protection Agency, the National Heritage Board and the government.
It is a management that has long since passed the reasonable limits.
In a debate article in Dagens Samhälle, January 2, 2018, nine Northern Sotho politicians - including Helena Öhlund, Älvsbyn, Robert Bernhardsson, Jokkmokk, Ulrica Hammarström, Pajala, and Niklas Nordström, Luleå - also reacted to the drawn-out process.
They pointed out that the tedious and unpredictable management of the government hampered the opportunities to develop the mining industry in Sweden, which is in conflict with the national mineral strategy that was nailed in 2013.
Unfortunately, they got it right. According to reports from the Canadian think tank Fraser Institute, Sweden has become less attractive to mining investors in recent years.
In 2016, Sweden was ranked 9th in the world. Now Sweden has dropped to 16th place, which is ominous.
As a reason, the industry states that the tough licensing processes in Sweden cost too much time, money and commitment.
It is deeply worrying for Sweden as an industry, but also for climate policy.
Swedish mining production is a world leader in both sustainability and climate-smart innovations. Therefore, it is bad if Sweden loses ground and investors instead apply to countries with poorer environmental and work environment conditions.
At the mining industry's autumn meeting on November 28, 2017, the then Minister of Industry, Mikael Damberg, spoke wisely about the importance of the mining industry. He emphasized the ability of innovation and the important role of industry in the transition to a fossil-free society.
It felt like the government was on the right track in mining policy and would help reform the permitting processes. Two years later, however, it is only to be noted that the problems remain. Kallak is a concrete and visible proof.
Thus, the government has left an open target for Mattias Karlsson and the Moderates - and it would be wrong for them not to kick the ball.
Now, new business minister Ibrahim Baylan and his government colleagues are trying to quickly save