Business
Kallak Update - Parliamentary Question
Kallak Update - Parliamentary Question.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 8305N\n Beowulf Mining PLC\n 26 May 2020\n \n \n \n \n \n \n \n \n \n \n 26 May 2020\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Kallak Update - Parliamentary Question\n \n \n Beowulf (AIM: BEM; \n Spotlight\n : BEO), the mineral exploration and development company, provides an update on the Kallak Iron Ore Project (\"Kallak\").\n \n \n Highlights:\n \n \n · \n Last week a written question was put to Mr Ibrahim Baylan, Minister for Business, Industry and Innovation, which the Minister is scheduled to answer on 27 May 2020. The question was posed by Lars Hjälmered, a Moderate Party Member in the Swedish Parliament.\n \n \n · \n Summary translation of Mr Hjälmered's question:\n \n \n \"The Kallak iron ore project has had to wait for a decision on permits for over six years. The matter has been ready to make a decision on the Minister's table for three years without him and the Government making any decision. Another project received [by the Government and] waiting unreasonably long for a decision is Laver [Boliden AB].\n \n \n In the [mining] industry, the question is now asked why the Government is not coming to terms with it. Despite repeated questions about when a decision may be made, and great irritation from the industry, [the Government] has not yet returned to the issue.\n \n \n This management [of the issue by the Government] is under all criticism, and the Government must recognize the importance of it to Swedish mining industry. The industry is responsible for large export revenues and employment [of] many people in Sweden. When the Government cannot give any message, investments are not completed, jobs are [not created] and [wider] benefits are not realized. In addition, long processing times and uncertain processes mean Sweden becomes less relevant to foreign investment.\n \n \n In view of the above, I would like to ask Minister of Business Ibrahim Baylan: When does the Minister and the Government intend to make a decision on any mining activity in Kallak and Laver?\"\n \n \n Kallak - 'Big Picture'\n \n \n · \n In 2017, Copenhagen Economics produced a 'Big Picture' study for Kallak (\"the Study\" or \"the Kallak Study\"):\n \n \n \n https://beowulfmining.com/wp-content/uploads/2018/10/Copenhagen-Economics_Presentation_SEP17_Swedish.pdf...