Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Receives notification from City and County authorities that vital operating supplies is allowed to be delivered to the Caijiaying mine until midnight at the end of 2021.
As customary practice, mining operations will cease during the Chinese New Year holiday period, and due to the Winter Olympic games this cessation will be extended to March 14, 2022.
"The permission granted by the various levels of government in the People's Republic of China to the continuing operations by the company in this high profile period is very much appreciated and is an acknowledgement of the special relations enjoyed by all stakeholders in the Caijiaying Mine and best ESG practices implemented by the company," said says Mladen Ninkov.
Current stock price: 102.35 pence, up 2.8% on Friday
Year-to-date change: up 7.2%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Griffin Mining (GFM)