Last checked at 26 Jan 2010 08:57
60 St James's Street, London SW1A 1LE, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
NEW MINING LICENCE ISSUED
26th JANUARY 2010.
Griffin Mining Limited ("Griffin" or "the Company") is very pleased to announce that the Chinese Ministry of Land and Resources ("MLR") has granted a new mining licence to Griffin's subsidiary, the Hebei Hua Ao Mining Industry Company Ltd ("Hua Ao"), to mine below the 1300 level at its Caijiaying zinc-gold mine in the People's Republic of China. The mining licence runs for a period of 16 years until January, 2026.
Griffin's Chairman, Mladen Ninkov, commented: "Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the Company. This is extraordinarily good news for all the shareholders of the Company. I congratulate all the Chinese and ex-pat staff who made this milestone possible."
Further information
| Griffin Mining Limited | | | | |
| Mladen Ninkov – Chairman | | | Telephone: +44(0)20 7629 7772 | |
| Roger Goodwin – Finance Director | | | | |
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| Investec Investment Banking: | | | | |
| Stephen Cooper | | | Telephone: +44 (0)20 7597 5104 | |
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). The Company's news releases are available on the Company's web site: www.griffinmining.com