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http://www.fundweb.co.uk/asia/64-funds-with-major-positions-in-under-fire-standard-chartered/1055904.article

Griffin Mining (LON:GFM) has announced that all the resolutions put to the shareholders of the Company at the Annual General Meeting held today were duly passed. At the Annual General Meeting the directors reported that in the six months to 30th June 2012, 386,313 tonnes (2011 - 319,525 tonnes) of ore were processed at Griffin's Caijiaying Mine to produce; • 20,336 tonnes (2011 - 16,069 tonnes) of zinc metal in concentrate; • 1,364 tonnes (2011 - 602 tonnes) of lead in concentrate; • 215,773 ozs (2011 - 117,036 ozs) of silver in concentrate; and • 3,769 ozs (2011 - 4,493 ozs) of gold in concentrate. Production of zinc, lead and silver in concentrate in the six months to 30th June 2012 was a record for any six month period at Caijiaying despite production being impacted by the Chinese spring festival holidays and restricted supplies of explosives during the Chinese national party congress. Work continues to improve gold recoveries. In the interim, mining of high grade gold areas has been deferred until further metallurgical test work has been completed. At 12:04pm: (LON:GFM) Griffin Mining share price was +1.88p at 32.25p Story provided by StockMarketWire.com

http://www.investegate.co.uk/Article.aspx?id=201207300700046802I

I'm still hoping for over 80p, by the end of the year.

http://www.investegate.co.uk/Article.aspx?id=201206260700221100G

Finally received my IC. Yes, it is a good update – It only a matter of time, and with some positive sentiment, things should start picking up quickly, from these derisory levels. ATB

... at the end of May, but it was hardly massive - I hold a heck of a lot more!

I wonder if it would be a worthwhile idea to start buying back their shares, again?

Director/PDMR Shareholding http://www.investegate.co.uk/Article.aspx?id=201205310800014935E

He doesn't mince his words re: the EU fiasco!

Of course, the major achievement of 2011 was the announcement on the 10th May 2012 that the Company had entered into an agreement to increase its majority in Hebei Hua Ao Mining Industry Company Limited ("Hebei Hua Ao") to 88.8% and extend the term of the Hebei Hua Ao joint venture through to 2037 ("the Transaction"). The enormity of this Transaction should not be lost. Firstly it allows for full management control to now rest with Griffin staff with the "government" layers of management abolished. Secondly, it allows planning with confidence to now proceed to apply for, and obtain, a mining licence at Zone II and to plan for an upgrade to the processing facilities and the necessary below ground development to increase throughput at Caijiaying up to 1.5 million tonnes per annum. All this with the security of knowing the Company will be at Caijiaying at least until 2037 and reaping the vast majority of the profits emanating from the Caijiaying mine. Corporately, the Company continues to examine a vast array of possible corporate and asset acquisitions to see if they can meet the stringent financial, operating and political criteria demanded by the Company. In addition, the Company continues to evaluate and discuss the listing of Griffin on the Hong Kong Stock Exchange with a significant number of investment banks in Hong Kong. As I have mentioned far too many times, all mining companies are subject to the vagaries of commodity prices. In normal circumstances, these prices are substantially governed by supply and demand equations and, to a lesser extent, commodity traders. Unfortunately, since the Global Financial Crisis in 2008 and the fiscal irresponsibility of investment banks, commercial banks and all levels of government, economic growth, so often driven by debt, has faltered. Whilst China and the emerging markets continue to grow and demand raw materials, the outlook looks rosy, particularly for the supply deficit predicted in the zinc market in the next 2 years. However, uncertainty remains with the mountain of debt in the public sector, the undercapitalized banking sector and the contracting economies of the European Union and the inevitable consequences for world trade, growth and commodities demand. We can only sit and wait to see what will be the outcome of this fiasco.

What began as a remarkable journey in 1997 has now culminated in the Company's 88.8% ownership of a world class, extraordinarily long mine life, operating mine and a mineral province whose potential has only just begun to be tapped. In the past year, the Company has striven to deliver on its promised potential. Financially, Griffin achieved a record profit before tax of $39,953,000, a 256% increase from the $11,236,000 result recorded in 2010. Operationally, a record 715,955 tonnes of ore were processed compared to 420,928 tonnes in 2010, a 70% increase. A record 36,283 tonnes of zinc metal in concentrate were produced, compared to 22,044 tonnes in 2010, a 65% increase; a record 10,281 ounces of gold in concentrate were produced, compared to 7,067 ounces in 2010, a 45% increase; a record 312,509 ounces of silver in concentrate were produced, compared to 157,679 ounces in 2010, a 98% increase; and a record 1,909 tonnes of lead in concentrate were produced, compared to 690 tonnes in 2010, a 177% increase. Geologically, the announcement of the new JORC Resource for Zones II and III at Caijiaying displayed the true potential of the orebody with a 32% increase in the Mineral Resource from 38.6 to 51.2 million tonnes, representing a 50 plus year mine life at an increased throughput rate. Not only was the Mineral Resource increased in Zone III, even with the mine depletion, by 8% from 29.1 to 31.5 million tonnes, but the Mineral Resource at Zone II was increased by 107% from 9.4 to 19.6 million tonnes. This is highly significant in that it will provide a second source of ore for the mill to service a planned increase in throughput in the near future. Further drilling results since the calculation of the new JORC Resource have only increased the likelihood of even further resource upgrades in the future.

Highlights: • Record revenues of $79.06 million (2010: $41.05 million) and profits before tax and minority interests of $39.95 million (2010: $11.24 million). • Record 715,955 tonnes of ore processed compared to 420,928 tonnes in 2010, a 70% increase. • Record metal in concentrate production of 36,283 tonnes of zinc; 10,281 ounces gold; 312,509 ounces silver; and 1,909 tonnes lead.

Griffin Mining (LON:GFM) announced this week continued "excellent" drilling results from the Caijiaying mine in China, demonstrating the increasing size of the ore body. It comes two days after the firm unveiled a 32 per cent increase in the resource estimate for the mine to 51.2 million tonnes. The latest assays were not included in that JORC resource, the company said. Highlights among the gold assays included 11 metres with 8.98 g/t gold and 12.63 per cent zinc. Also uncovered from the underground diamond drill programme was 5.6 metres at 11.90 g/t gold and 9.66 per cent zinc. The best zinc finds included 25.4 metres with 15.50 per cent zinc and 11 metres at 10.21 per cent zinc.

Griffin Mining raises Caijiaying resource estimate by 32pct http://www.proactiveinvestors.co.uk/companies/news/43139/griffin-mining-raises-caijiaying-resource-estimate-by-32pct-43139.html

Griffin Mining Limited (LON:GFM) announced that a new JORC reported Mineral Resource Estimate for Caijiaying has been finalized. The new resource for Zone II and Zone III, reported at a zinc cut-off of 1%, totals 51.2Mt at 4.02% Zn, 0.43% Pb, 24.9 g/t Ag and 0.56 g/t Au. This represents a 32% increase in the resource from 38.6Mt. An application for a further mining licence will be made during 2012 which is designed to ensure that all the known mineralisation covering Zones II and III and the contiguous area between them will be covered.

In summary: 1. A 32% increase in the mineral resource at Zones II and III rising from 38.6 million tonnes to 51.2 million tonnes, representing a 50 plus year mine life at the increased throughput rate. This represents an increase of 17% more zinc in the deposit. 2. An 8% increase in the mineral resource at Zone III from 29.1 million tonnes to 31.5 million tonnes. 3. A 107% increase in the mineral resource at Zone II from 9.4 million tonnes to 19.6 million tonnes.

Chairman Mladen Ninkov commented, "The new JORC resource is a further indication and vindication of the size and scale of the orebody at Caijiaying. New drilling continues on a consistent basis to add further resources and additional mine life to the operations at Caijiaying. The Company continues to move forward with plans for even higher extraction and processing rates of this world class orebody. Again, I could not be happier for the Company's shareholders."

http://www.investegate.co.uk/Article.aspx?id=201205220700147748D

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