State Bank of India : Beowulf update on Kallak North

Beowulf Mining is disappointed that its Kallak North exploitation concession application is still awaiting a decision from the Mining Inspectorate of Sweden. The company says it now expects to receive a decision in January. Chief executive Kurt Budge said: "I am disappointed that we continue to wait for the Mining Inspectorate of Sweden's decision, but I am satisfied that the Inspectorate is diligently reviewing all aspects of the Company's Application and encouraged by the constructive dialogue between our organisations. "The timing of the Inspectorate's decision does not affect the company's objectives for the development of Kallak." Story provided by StockMarketWire.