Last checked at 8 Aug 2019 07:00
Griffin Mining Limited
8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
Mining Licence Application Accepted at Ministry of Natural Resources
8th August 2019
Griffin Mining Limited ("Griffin" or the "Company") is extraordinarily pleased to announce, after an extended application process, that the Chinese Ministry of Natural Resources ("MNR") has accepted the lodgement by Griffin's Chinese subsidiary, Hebei HuaAo Mining Industry Co Ltd, of its mining licence application ("MLA") for Zone II at the Caijiaying Mine in compliance with all the prescribed Chinese legislation and regulations. Under the current legislation, the MNR should provide its approval and issuance of the new mining licence within 40 days of today's lodgment date (with a 10 day extension to that period in certain special situations), thereby acknowledging the MLA has met all the required conditions and passed the final examination and issuance process.
The Company's Chairman Mr. Mladen Ninkov commented, "It is with a great sense of joy and relief to be able to announce that our MLA has been accepted and is in compliance with regulatory provisions. It is a particularly momentous day for our loyal shareholders who have patiently waited for this moment since we began the MLA process in 2013. During this period we have experienced repeated changes of Government legislation which has led to complex processes to redraft and re-start the MLA process on numerous occasions. I do not have to explain what this means for the Company and our shareholders. I couldn't be happier for everyone involved with the Company including the shareholders, directors, management, staff, contractors, local villagers and all those whose lives are touched by the operations."
Further information
Griffin Mining Limited:
Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary) Telephone: +44 (0)20 7629 7772
Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500
Dominic Morley
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
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014.