Business
Replacement Unaudited Prelim Financial Results
Replacement Unaudited Prelim Financial Results.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 5931G Beowulf Mining PLC 02 March 2018 \n\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\nThe following amendments have been made to the 'Unaudited Preliminary Financial Results for the year ended 31 December 2017' announcement released on 28.02.18 at 7am under RNS No 1580G.\nAdditions:\nCompetent Person Review paragraph, Enquiries - Contact information, Cautionary Statement.\nAll other details remain unchanged.\nThe full amended text is shown below.\n2 March 2018\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nUnaudited Preliminary Financial Results for the year ended 31 December 2017\n \nBeowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces its unaudited preliminary financial results for the year ended 31 December 2017 (see Appendix 1).\n \nOverview\n \n· During 2017, the Company remained focused on the Kallak North Exploitation Concession process. The Company maintains that its application has fully satisfied the requirements of the Swedish Mining Act and Environmental Code. \n· On 29 June 2017, the Mining Inspectorate returned the Company's application to the Government and confirmed that the Kallak North Environmental Impact Assessment (\"EIA\") is consistent, in the detail provided, in meeting the requirements of the Supreme Administrative Court's (\"SAC\") Norra Kärr judgement.\n· On 30 November 2017, the County Administrative Board (\"CAB\") for the County of Norrbotten responded to questions from the Government and recommended that an Exploitation Concession for Kallak North is not granted. \nThe CAB's latest statement contradicts its July 2015 position, when it supporte...