StockMarketWire.com - Nordics-focused miner Beowulf Mining posted a first-half loss as it continued to await a government decision on its proposed Kallak iron-ore project in Sweden.

Pre-tax losses for the six months through June were £0.43m, little changed from losses of £0.44m on-year.

In April, the company had written to the Swedish government about its application for an exploitation concession at Kallak and, at the time, said it expected a decision before the summer.

'Despite the government's acknowledgment that the company has been waiting an excessive period of time for a decision, we are still waiting,' chief executive Kurt Budge said.

'With the holidays in Sweden coming to an end the company will be contacting the government to understanding the causes of this further delay.'

'The board continues to keep in mind all options at its disposal for encouraging a decision.' At 2:21pm: [LON:BEM] Beowulf Mining PLC share price was 0p at 5.75p



Story provided by StockMarketWire.com