RE: RNS3 Feb 2020 07:19
Bring it on Kurt! It's the only language bullies understand! There's nothing to be gained by being nice anymore....
The Beowulf Board will meet in Stockholm on 12 February 2019 to discuss the continuing and unacceptable delays in getting a decision from The Government of Sweden (the "Government") on the Company's application for an Exploitation Concession (the "Concession") for Kallak. The Board is already in receipt of a paper detailing options, prepared by the Company's lawyers, and actively considering ring-fencing funds for legal action.
The CEO has not received a response to his letter, sent on 19 December 2020, written again to Minister Ibrahim Baylan, the Minister for Business, Industry and Innovation.
In response to the CEO's previous letter, sent last September, Minister Baylan explained that the CEO's request for a meeting at the time "concerns a forthcoming Government decision - a dossier that is currently under preparation", and that the Government is unable to meet or comment with regard to its "ongoing review".
At the recent 'Roundtable on mining in northern Sweden' hosted by Länsstyrelsen Norrbotten, Länsstyrelsen Västerbotten, Boliden and LKAB, the Government's representative, the State Secretary to the Minister for Business, Industry and Innovation, was also unable to shed any light on the handling of the Company's application by the Government, nor the timing of a decision.
The Company understands that the Government has received and registered the concluding statement (the "Statement") for Kallak sent to the Government on 8 November 2019, prepared by the law firms Mannheimer Swartling and Fröberg & Lundholm. No further communication has taken place. The Statement did not include any new facts in the Kallak case, as all necessary and relevant facts have already been established as part of the application process. Rather, the Statement summarises the circumstances relevant to a judicial review of whether Beowulf should be awarded the Concession for Kallak. The Statement concludes that Beowulf should be awarded the Concession.