focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 157.00
Bid: 154.00
Ask: 156.00
Change: 3.00 (1.95%)
Spread: 2.00 (1.299%)
Open: 154.00
High: 157.00
Low: 154.00
Prev. Close: 154.00
GFM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Griffin inaugurates solar facility at Caijiaying Mine

Tue, 10th Oct 2023 16:19

(Sharecast News) - Griffin Mining announced the inauguration of a 6 MW solar energy generating facility at the Caijiaying Mine on Monday in collaboration with Zhang Jia Kou GuoAO, the partnering firm responsible for the system's installation and ongoing operation.

The AIM-traded firm said the facility, comprising 25,753 square metres of solar panels, was constructed and commissioned atop Griffin's rehabilitated mine tailings facilities one and two within 12 months.

With the imminent integration of a battery energy-saving system, Griffin said it expected the facility to fulfil up to 30% of the mine's total electric power demand under customary weather conditions.

Further, it could redirect surplus energy into the local grid during periods of mine shutdown, thus generating additional revenue.

Griffin supplied the land, garnered the necessary approvals, and arranged a 20-year off-take agreement exclusive to the partner.

The partner reciprocated by overseeing the installation and committing to manage the system throughout its lifecycle.

Looking ahead, Griffin said the partners were considering the replication of the partnership model.

Tailings facility number three, slated for impending decommissioning, was identified as a potential site for further renewable energy generation, potentially harnessing both wind and solar power, pending the results of an ongoing study.

"The company continues to deliver, not only on its Green Mine Certification status, but far in excess of those obligation, ie on its moral commitment to both the People's Republic of China and all the citizens of the world in moving to the cleanest and greenest mine we can possibly operate," said chairman Mladen Ninkov.

"I sincerely believe that the Caijiaying Mine must now be one of if not the most environmentally friendly mine in the world, and we look forward to pushing our green energy horizon even further in the years to come.

"I am proud of everyone who was involved in this process."

At 1310 BST, shares in Griffin Mining were up 1.45% at 94.25p.

Reporting by Josh White for Sharecast.com.

More News
4 Jan 2021 09:30

UK BROKER RATINGS SUMMARY: Citi Lifts IAG To Buy, Cuts easyJet To Sell

UK BROKER RATINGS SUMMARY: Citi Lifts IAG To Buy, Cuts easyJet To Sell

Read more
29 Dec 2020 11:32

Griffin Mining Receives Final Acceptance Permit For Caijiaying Mine

Griffin Mining Receives Final Acceptance Permit For Caijiaying Mine

Read more
10 Dec 2020 15:54

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 Dec 2020 10:16

UK BROKER RATINGS SUMMARY: JPMorgan Raises Man Group And Sanne

UK BROKER RATINGS SUMMARY: JPMorgan Raises Man Group And Sanne

Read more
20 Nov 2020 09:35

UK BROKER RATINGS SUMMARY: Citigroup Lifts Croda To Buy From Neutral

UK BROKER RATINGS SUMMARY: Citigroup Lifts Croda To Buy From Neutral

Read more
23 Oct 2020 12:27

Griffin Mining Sees Production Return To Pre-Covid Levels

Griffin Mining Sees Production Return To Pre-Covid Levels

Read more
23 Jul 2020 20:21

Griffin Mining Turns To Interim Loss Amid Disruption At Caijiaying

Griffin Mining Turns To Interim Loss Amid Disruption At Caijiaying

Read more
17 Jun 2020 11:18

Griffin Mining 2019 Earnings Take Hit From Lower Metal Prices

Griffin Mining 2019 Earnings Take Hit From Lower Metal Prices

Read more
24 Mar 2020 16:00

DIRECTOR DEALINGS SUMMARY: Pearson And IHG Chairs Buy Amid Virus Pain

DIRECTOR DEALINGS SUMMARY: Pearson And IHG Chairs Buy Amid Virus Pain

Read more
23 Mar 2020 14:57

DIRECTOR DEALINGS SUMMARY: Softcat Non-Exec Sells GBP1.1 Million Worth

DIRECTOR DEALINGS SUMMARY: Softcat Non-Exec Sells GBP1.1 Million Worth

Read more
20 Mar 2020 15:57

DIRECTOR DEALINGS SUMMARY: Plus500 Team Spend GBP14 Million On Shares

DIRECTOR DEALINGS SUMMARY: Plus500 Team Spend GBP14 Million On Shares

Read more
13 Mar 2020 11:37

Griffin's Chinese Mine Increasing Operations, No Covid-19 Cases Seen

Griffin's Chinese Mine Increasing Operations, No Covid-19 Cases Seen

Read more
24 Feb 2020 11:41

Griffin Mining Resumes Production At Caijiaying Mine

Griffin Mining Resumes Production At Caijiaying Mine

Read more
12 Feb 2020 18:26

Griffin Mining re-staffs China mine as coronavirus restrictions lifted

Feb 12 (Reuters) - Griffin Mining said on Wednesday it was returning essential staff to its Caijiaying mine in northeastern China to restart operations after Chinese government decrees restricting all non-essential businesses due to a coronavirus...

Read more
12 Feb 2020 18:06

Griffin Mining To Restart Caijiaying Mine As China Lifts Restrictions

Griffin Mining To Restart Caijiaying Mine As China Lifts Restrictions

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.