NEWS

Operational Update Re: Coronavirus

Operational Update Re: Coronavirus

 5th February 2020

Further to the announcement made by Griffin Mining Limited (“Griffin” or the “Company”) on 29th January 2020 concerning operations at the Caijiaying Mine, Chinese Government decrees have now restricted all non-essential businesses activities until 9th February 2020 as efforts are made to contain the Coronavirus outbreak in China.

 

As advised in the previous announcement, pursuant to past normal operational practices, mining operations were suspended at the Caijiaying Mine during the lunar Chinese New Year festivities with effect from 22nd January 2020, whilst milling operations continued until the 30th January 2020.

 

Underground workings at Caijiaying are being maintained on a care and maintenance basis with essential services, including pumping and ventilation, ongoing. As planned, the opportunity has been taken to undertake maintenance work at the mill, which has now been completed and the mill placed in care and maintenance. Whilst all essential and senior Chinese staff remain at Caijiaying, all non-essential local staff have been sent home and placed on standby with the expectation of operations recommencing on 9th February 2020 as mandated by the Chinese authorities.

 

Further information

Griffin Mining Limited:

Mladen Ninkov               (Chairman)

Roger Goodwin               (Finance Director & Company Secretary)         Telephone: +44 (0)20 7629 7772

 

John Prior                      Numis Securities Limited                                   Telephone: +44 (0)20 7260 1000

Alamgir Ahmed

 Operational Update Re: Coronavirus

 Operational Update Re: Coronavirus

 29th January 2020

 

Griffin Mining Limited (“Griffin” or the “Company”) announces the following update concerning operations at the Caijiaying Mine in light of restrictions imposed by various levels of government of the People’s Republic of China in relation to the recent Coronavirus outbreak.

 

Pursuant to past normal operational practices, mining operations are suspended at the Caijiaying Mine during the lunar Chinese new year festivities. This year those operations were suspended on the 22nd January 2020. Milling operations continued throughout the period with stockpiled ore. Mining operations were due to recommence on the 29th January 2020.

 

In the interim, due to travel restrictions imposed by the Central Chinese authorities, the Company’s mining contractor has been unable to recommence activities at the Caijiaying Mine due to a complete quarantine of Zhejiang Province, the home Province of the majority of the mining contractor’s staff, to which they returned during the lunar festivities. It is expected the mining contractor will have enough staff on site to begin mining operations between the 4th to 6th February. Milling activities will remain ongoing until all stockpiles have been depleted. This is expected to occur in the next 4 days after which, following a mill servicing, normal full mining and milling should resume.

 

No occurrence of the Coronavirus has been found or recorded at the Caijiaying Mine. In addition, the Company has instituted severe entry restrictions into the Caijiaying Mine including temperature and history screening prior to entry, decontamination of all possible surfaces and extensive new sterilization practices. It also seems clear that Caijiaying has benefited from being more than 1,300 kilometres from the epicenter of the Coronavirus outbreak in Wuhan, Hubei Province.

 

The Company’s Chairman Mr. Mladen Ninkov commented, “The Company has lived through 2 prior viral occurrences in China, namely the Avian flu and the SARS virus, and survived and prospered. Although tragic for all the families and countries affected, this too is expected to pass and the Company will be prepared to begin operations as soon as it can feasibly do so.”

 

Further information

Griffin Mining Limited:

Mladen Ninkov            (Chairman)

Roger Goodwin            (Finance Director & Company Secretary)         Telephone: +44 (0)20 7629 7772

 

John Prior                      Numis Securities Limited                                   Telephone: +44 (0)20 7260 1000

Alamgir Ahmed

DIRECTOR’S SHARE DEALINGS

Director’s Share Dealings

8th Jan 2020

 

Griffin Mining Limited (“Griffin”) was yesterday advised that the wife of Mr Dal S Brynelsen a non-executive director of Griffin purchased 20,000 ordinary shares in Griffin at a price of 65 pence per share. Following this purchase Mr Dal S Brynelsen has an interest in 417,001 ordinary shares representing 0.2% of the issued share capital of Griffin.

 

To see the full announcement of the Director’s Share Dealings, please click here.

EXERCISE OF OPTIONS

Exercise of Options 

19th December 2019

Griffin Mining Ltd (“the Company”) announces that the Company has been notified on 17th December 2019 of the exercise of options (“the Options”) over 37,500 new ordinary shares in the Company granted in February 2015 at an exercise price of 30p per share and consequent receipt of £11,250.

The Options have been exercised, and the new Ordinary shares issued to a person who is not a Person Discharging Management Responsibilities (“PDMR”)

Following the exercise of the Options there will be 172,786,228 Ordinary Shares in the Company in issue. 540,000 Ordinary Shares are held in treasury.

Application will be made to the London Stock Exchange for 37,500 new ordinary shares to be admitted to trading on AIM. These new ordinary shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective on 30th December 2019.

 

Further information

Griffin Mining Limited:

Mladen Ninkov   (Chairman)

Roger Goodwin   (Finance Director & Company Secretary)                     Telephone: +44 (0)20 7629 7772

 

Numis Securities Limited:

John Prior                                                                                             Telephone: +44 (0)20 7260 1000

 

Appointment of Nominated Adviser & Broker

Appointment of Nominated Adviser & Broker

Griffin Mining Limited (AIM: GFM) (“Griffin” or “the Company”) is pleased to announce the appointment of Numis Securities Limited as its Nominated Adviser and Broker with immediate effect.

The directors of Griffin would like to thank Panmure Gordon (UK) Limited and personnel for their past services to the Company.

 

For further information please contact: 

 

Griffin Mining Limited:

Mladen Ninkov            (Chairman)                                                      Telephone: +44 (0)20 7629 7772

Roger Goodwin            (Finance Director & Company Secretary)

 

Numis Securities Limited

John Prior                                                                                            Telephone: +44(0)20 7260 1000

Paul Gillam

Alamgir Ahmed

MINING LICENCE UPDATE

MINING LICENCE UPDATE

30th October 2019

Further to the announcements made on 8th August and 20th September regarding the progress of Griffin Mining Limited’s (“Griffin” or the “Company”) Chinese subsidiary’s (Hebei Hua Ao Mining Industry Company Limited) mining licence application (“MLA”) for Zone II at the Caijiaying Mine with the Beijing Ministry of Natural Resources (“MNR”), the MNR was expected to provide its approval and issuance of the new mining licence within 40 business days of the MLA acceptance date of the 8th August 2019. As previously announced, the 40 business day period was suspended on the 13th August 2019 and reinstated subsequently with 35 business days remaining. The Company received notification today from the Beijing MNR that further clarification was required concerning farming surface rights, as a result of which the acceptance period was again suspended with effect from 24th October 2019. A formal response with the full support of local, municipal and provincial levels of government has been prepared for submission to the Beijing MNR with the expectation it will resolve the issue.

The Company’s Chairman Mr. Mladen Ninkov commented, “Yet another administrative delay after so many previous administrative delays in the ongoing MLA process. I believe shareholders have become far too accustomed to these delays, yet we all hope this is the last and we continue to look forward to the day we receive the new mining licence.”

 

Further information

Griffin Mining Limited:

Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary)                     Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Dominic Morley                                     Telephone: +44 (0)20 7886 2500

Mining Licence update

Mining Licence Update

 20th September 2019

 

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to provide an update of the progress of its Chinese subsidiary’s (Hebei Hua Ao Mining Industry Company Limited) lodged and accepted mining licence application (“MLA”) for Zone II at the Caijiaying Mine with the Beijing Ministry of Natural Resources (“MNR”). As previously announced, the MNR was expected to provide its approval and issuance of the new mining licence within 40 business days of the MLA acceptance date of the 8th August 2019. On the 13th August 2019, 2 further minor supplementary documents were requested by the MNR from the Hebei Provincial branch of the MNR and the 40 business day period suspended until the documents were lodged and approved at the MNR. The documents were subsequently lodged on 9th September 2019. The documents were accepted and approved by the MNR on the 20th September 2019 and the 40 business day period thereby reinstated with 35 business days remaining.

 

The Company’s Chairman Mr. Mladen Ninkov commented, “The Company has experienced numerous administrative delays in the MLA process over the past 7 years and consequently a minor suspension of the issuance period, although frustrating, is not unexpected. I do not believe it is anything to concern shareholders and we look forward to the issuance of the new mining licence in the near future.”

 

 

Further information

Griffin Mining Limited:

Mladen Ninkov               (Chairman)

Roger Goodwin               (Finance Director & Company Secretary)            Telephone: +44 (0)20 7629 7772

 

Panmure Gordon (UK) Limited

Dominic  Morley                                       Telephone: +44 (0)20 7886 2500

MINING LICENCE APPLICATION ACCEPTED AT MINISTRY OF NATURAL RESOURCES

MINING LICENCE APPLICATION ACCEPTED AT MINISTRY OF NATURAL RESOURCES

8TH AUGUST 2019

 

Griffin Mining Limited (“Griffin” or the “Company”) is extraordinarily pleased to announce, after an extended application process, that the Chinese Ministry of Natural Resources (“MNR”) has accepted the lodgement by Griffin’s Chinese subsidiary, Hebei HuaAo Mining Industry Co Ltd, of its mining licence application (“MLA”) for Zone II at the Caijiaying Mine in compliance with all the prescribed Chinese legislation and regulations. Under the current legislation, the MNR should provide its approval and issuance of the new mining licence within 40 days of today’s lodgment date (with a 10 day extension to that period in certain special situations), thereby acknowledging the MLA has met all the required conditions and passed the final examination and issuance process.

The Company’s Chairman Mr. Mladen Ninkov commented, “It is with a great sense of joy and relief to be able to announce that our MLA has been accepted and is in compliance with regulatory provisions. It is a particularly momentous day for our loyal shareholders who have patiently waited for this moment since we began the MLA process in 2013. During this period we have experienced repeated changes of Government legislation which has led to complex processes to redraft and re-start the MLA process on numerous occasions. I do not have to explain what this means for the Company and our shareholders. I couldn’t be happier for everyone involved with the Company including the shareholders, directors, management, staff, contractors, local villagers and all those whose lives are touched by the operations.”

 

Further information

Griffin Mining Limited:

Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary)               Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Dominic Morley                               Telephone: +44 (0)20 7886 2500

Trading Update

Trading Update

20th June  2019

 

Griffin Mining Limited (“Griffin” or the “Company”) wishes to provide a trading update in respect of trends indicated in the first 5 months of 2019 which, should current zinc prices and smelter treatment charges remain unchanged for the remainder of the year, will inevitably lead to the Company failing to meet market expectations for its 2019 full year. results.

Revenues have been impacted by increased smelter treatment charges with zinc smelter charges increasing by 65% from the same period in 2018. This follows the closure of a number of smelters in China, primarily for environmental reasons, impacting demand for zinc concentrate in China. Griffin’s Zinc and gold in concentrate production and costs are expected to be broadly in line with market expectations.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU.

 

Further information

Griffin Mining Limited:

Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary)           Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Dominic Morley                           Telephone: +44 (0)20 7886 2500