Beowulf Mining PLC Kallak North Exploitation Concession Update (6168D)
April 28 2017 - 1:00AM
UK Regulatory
TIDMBEM
RNS Number : 6168D
Beowulf Mining PLC
28 April 2017
28 April 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Kallak North Exploitation Concession Update
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Beowulf (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, is pleased to
provide an update on the Kallak North Exploitation Concession
application process.
On 27 March 2017, the Mining Inspectorate received comments and
opinions from the Swedish National Heritage Board
(Riksantikvarieämbetet, "RAÄ") and the Swedish Environmental
Protection Agency (Naturvårdsverket, "NV"), with respect to the
Company's application for an Exploitation Concession for Kallak
North, and the interaction of Kallak and Laponia.
On 28 March 2017, the Mining Inspectorate wrote to the Company,
and gave the Company the opportunity to submit its own comments and
supplementary information further to the NV and RAÄ's comments.
Today, the Company has provided to the Mining Inspectorate its
response, prepared by its expert Swedish technical team, with
guidance from its Swedish Advisory Board.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"As requested, we have provided further comments to the Mining
Inspectorate regarding the possible effects of a mining operation
at Kallak on Laponia.
"We have responded to the concerns raised by RAÄ and NV, and
further demonstrated that we have done what is required to be
awarded an Exploitation Concession for Kallak North.
"In addition, this week, I have been meeting key stakeholders in
Jokkmokk and have had positive discussions.
"We will continue to keep the market informed regarding
developments in the Kallak North application process."
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe
(Nominated Advisor & Broker)
David Porter /Craig Francis Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204
This information is provided by RNS
The company news service from the London Stock Exchange
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