• Friday 20th September 2019

Mining Licence update

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