16th Jan 2020 14:00
(Alliance News) - Australian minerals firm Aura Energy Ltd on Thursday said that its compensation claim from the Swedish government has reached the highest level of Sweden's legislature.
Aura explained that it was informed the Chancellor of Justice, "the highest level of government" in Sweden, is reviewing the case which will see the Victoria, Australia-based firm attempt to receive compensation for a uranium ban.
The Chancellor of Justice is a government body, but it is also a position carried by the head of the department.
Aura said: "Uranium mining in Sweden was banned effective August 1, 2018 and Aura Energy is seeking compensation for the financial loss resulting from this decision. Aura is pleased with this latest development indicating the case is progressing strongly and that it has been presented at the highest level of government."
The matter was previously in the hands of Sweden's Ministry of Environment but after it was an agenda item at a Swedish Parliamentary Cabinet meeting, the case was transferred to the Chancellor of Justice.
This was because it relates to a claim against the state of Sweden.
Aura shares were flat at 0.28 pence each in London on Thursday afternoon.
By Eric Cunha; [email protected]
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