StockMarketWire.com - Beowulf Mining described as positive an indication by the Swedish government that it was nearing a decision on the company’s application for an exploration concession for the Kallak North iron ore project. The update from the government was in response to a letter sent by Beowulf chief executive Kurt Budge to Ibrahim Baylan, minister for enterprise and innovation, requesting a meeting.

But the government said it was unable to meet or comment with regard to its 'ongoing review' as the meeting 'concerns a forthcoming government decision - a dossier that is currently under preparation'. 'It's six and a half years since the Kallak application was first submitted and it's widely recognised in Sweden that the Company's application has been completely mishandled, and the case is rightly a focus for investors considering the feasibility of Swedish mining projects,' the company said.

At 9:14am: [LON:BEM] Beowulf Mining PLC share price was +0.51p at 6.63p



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