Business
Letter to Minister of Enterprise and Innovation
Letter to Minister of Enterprise and Innovation.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3024U\n Beowulf Mining PLC\n 02 December 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n 2 December\n 2021\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Letter to Minister of Enterprise and Innovation\n \n \n \n \n \n Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, has sent a letter from its CEO, Kurt Budge, to Sweden's Minister of Enterprise and Innovation, Karl-Petter Thorwaldsson, following positive comments by the new Swedish Prime Minister about the need for more mines in Sweden and Minister Thorwaldsson about 'taking action' in the matter of Kallak. \n \n \n The letter is reproduced below:\n \n \n \n \n \n CEO's letter to the Minister of Enterprise and Innovation:\n \n \n \n \n \n London 2021.12.01\n \n \n Statsrådet Mr. Thorwaldsson\n \n \n Näringsdepartementet\n \n \n \n \n \n Minister,\n \n \n Jokkmokk Iron Mines AB, Kallak nr 1, Jokkmokks kommun, Norrbottens län - Application for an Exploitation Concession\n \n \n May I congratulate you on your appointment as Minister of Enterprise and Innovation and thank you for the immediate attention that you have given to the Kallak case.\n \n \n The recent political changes in the composition of the Government and the public statements by you and the Prime Minister have caused excitement amongst Beowulf shareholders.\n \n \n Beowulf is a public company listed in Stockholm since 2008 and is over 73 per cent owned by Nordic investors. The balance of ownership and trading in the Company's shares takes place in London. \n \n \n If a decision is made, I request that the Company is notified when markets are closed, such that we can prepare an announcement and ensure all market participants are in possession of the full facts when trading resumes.\n \n \n The first exploration licence at Kallak was granted in 2006 and the Company's 100 per cent owned subsidiary, Jokkmokk Iron Mines, has been permitted to invest over SEK 80 million and define iron ore mineralisation of approximately 389 million tonnes. This tonnage includes Kallak North, for which we submitted an application for an Exploitation Concession in 2013, Kallak South and our Parkijaure exploration licences. This year, we have also been awarded an additional exploration licence near Kall...