04.08.2016, 17:44
Beowulf Focused on Kallak Magnetite Iron Ore Project
Beowulf, 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, is pleased to provide an update on the application process for Kallak North.
Kallak North
On the 1 July 2016, the Government of Sweden asked the Mining Inspectorate of Sweden to review the Company's application for an Exploitation Concession for Kallak North in the context of the Supreme Administrative Court's judgement in the case of the Norra Kӓrr project.
Since the Government's request to the Mining Inspectorate, the Company has continued its dialogue with key stakeholders, but this has been interrupted by the summer holidays.
In all discussions, the Company has stated that it believed it is in the best interests of its stakeholders in Sweden, and its Swedish and non-Swedish shareholders, that the Company's application be further reviewed by the Mining Inspectorate, so that any future award of the Exploitation Concession is consistent with the Supreme Administrative Court's judgement in the case of the Norra Kӓrr project.
Beowulf has maintained that for this stage of permitting, the Company's Environmental Impact Assessment has provided the required level of technical detail, including comprehensive studies, covering all activities associated with a future mining operation and its impacts. We are firm in our belief that we have met all legal requirements for being awarded the Concession.
Almedalen
Kurt Budge, Chief Executive Officer ("CEO") of Beowulf, attended Almedalen during the week of the 4 July 2016. Almedalen takes place each year in Visby, Sweden, and provides a unique arena for Swedish decision-makers in business, politics and NGOs to meet, build relationships, discuss and debate.
At Almedalen, the CEO was able to meet with representatives of the Swedish mining industry, unions, politicians, local government representatives from mining areas in Sweden and regulators. During these meetings, the CEO was able to present Beowulf, the Kallak project and our Åtvidaberg exploration licence, to key influencers and stakeholders, listen to feedback and respond to questions.
The CEO explained Beowulf's progress, since the end of 2014, improved relationships with key stakeholders, in and around Jokkmokk, in the County of Norrbotten, with the mining industry in Sweden and with regulators, manifesting itself in the support of the County Administrative Board for the Kallak North application in July 2015 and the recommendation of the Mining Inspectorate that the Concession be awarded in November 2015.
The CEO reinforced the Company's key messages, of being respectful towards all our stakeholders, looking forward to becoming a local partner in Jokkmokk, with a focus on delivering responsible development at Kallak, and voiced the Company's ambition to build a sustainable and modern mining business in Sweden.
Almedalen provided the Company with an opportunity to further demonstrate its commitment to Sweden, by participating in a significant event for the country, taking a leadership position on issues we believe are important to the Swedish mining industry, and seeking to be involved in future discussions.
Kallak North
On the 1 July 2016, the Government of Sweden asked the Mining Inspectorate of Sweden to review the Company's application for an Exploitation Concession for Kallak North in the context of the Supreme Administrative Court's judgement in the case of the Norra Kӓrr project.
Since the Government's request to the Mining Inspectorate, the Company has continued its dialogue with key stakeholders, but this has been interrupted by the summer holidays.
In all discussions, the Company has stated that it believed it is in the best interests of its stakeholders in Sweden, and its Swedish and non-Swedish shareholders, that the Company's application be further reviewed by the Mining Inspectorate, so that any future award of the Exploitation Concession is consistent with the Supreme Administrative Court's judgement in the case of the Norra Kӓrr project.
Beowulf has maintained that for this stage of permitting, the Company's Environmental Impact Assessment has provided the required level of technical detail, including comprehensive studies, covering all activities associated with a future mining operation and its impacts. We are firm in our belief that we have met all legal requirements for being awarded the Concession.
Almedalen
Kurt Budge, Chief Executive Officer ("CEO") of Beowulf, attended Almedalen during the week of the 4 July 2016. Almedalen takes place each year in Visby, Sweden, and provides a unique arena for Swedish decision-makers in business, politics and NGOs to meet, build relationships, discuss and debate.
At Almedalen, the CEO was able to meet with representatives of the Swedish mining industry, unions, politicians, local government representatives from mining areas in Sweden and regulators. During these meetings, the CEO was able to present Beowulf, the Kallak project and our Åtvidaberg exploration licence, to key influencers and stakeholders, listen to feedback and respond to questions.
The CEO explained Beowulf's progress, since the end of 2014, improved relationships with key stakeholders, in and around Jokkmokk, in the County of Norrbotten, with the mining industry in Sweden and with regulators, manifesting itself in the support of the County Administrative Board for the Kallak North application in July 2015 and the recommendation of the Mining Inspectorate that the Concession be awarded in November 2015.
The CEO reinforced the Company's key messages, of being respectful towards all our stakeholders, looking forward to becoming a local partner in Jokkmokk, with a focus on delivering responsible development at Kallak, and voiced the Company's ambition to build a sustainable and modern mining business in Sweden.
Almedalen provided the Company with an opportunity to further demonstrate its commitment to Sweden, by participating in a significant event for the country, taking a leadership position on issues we believe are important to the Swedish mining industry, and seeking to be involved in future discussions.
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