Griffin Mining Ld Statement re Plant Upgrade (0399P)
13 August 2014 - 2:00PM
UK Regulatory
TIDMGFM
RNS Number : 0399P
Griffin Mining Ld
13 August 2014
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
13(th) August 2014
CAIJIAYING MINE EXPANSION & UPGRADE OF PROCESSING
FACILITIES
Griffin Mining Limited ("Griffin") is pleased to report that the
planned upgrade of the processing facilities at the Caijiaying mine
are currently proceeding on time and within budget. According to
the schedule, the processing of ore from the mine has now been
suspended for a period of two months to enable new crushing and
milling equipment to be installed and integrated into the existing
processing facilities. Mining and haulage of ore will continue
during this period and be stockpiled to be processed upon the
commissioning of the expanded processing facilities. With the
doubling of processing capacity at Caijiaying, it is expected that
the stockpiled ore will be processed by year end resulting in
annual production of zinc metal in concentrate to be in line with
2013 results.
Administrative state issues in China outside Griffin's control
continue to delay the grant of a new mining licence over the
unmined Zone II and ancillary areas at Caijiaying. It is expected
to be issued later this year.
Further information
Griffin Mining Limited:
Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary)
Telephone: +44 (0)20 7629 7772
Panmure Gordon (UK) Limited
Dominic Morley Telephone: +44 (0)20 7886 2500
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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