Beowulf Mining Shares Rise on Positive Comments From Swedish Government
December 01 2021 - 4:49AM
Dow Jones News
By Joe Hoppe
Beowulf Mining PLC said Wednesday that it has noted its share
price rise in Stockholm and London after recent positive comments
from the new Swedish government.
Shares in London at 0913 GMT were up 0.63 pence, or 10.2%, at
6.75 pence.
The U.K.-based, Nordic-focused mining company said that the new
Swedish Prime Minister Magdalena Andersson has spoken about the
need for more mines in the country, while the new Minister of
Enterprise and Innovation Karl-Petter Thorwaldsson spoke about
taking action with regard to making a decision on Beowulf's Kallak
iron ore project.
The company said it will write to Mr. Thorwaldsson to seek
clarification on the remaining assessment process in the Kallak
case and the timing of a decision.
Beowulf first applied for an exploitation license for Kallak in
2013, and in 2015 Sweden's Mining Inspectorate recommended the
government award the concession. However, the company is still
waiting for the authorities to make a decision.
In October, Beowulf said the Swedish government had suggested
that Unesco assess whether the project would have an effect on the
world heritage of Laponia.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 01, 2021 04:34 ET (09:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From Apr 2023 to Apr 2024
