Griffin Mining Ld Mining licence update (1529N)
20 September 2019 - 1:47PM
UK Regulatory
TIDMGFM
RNS Number : 1529N
Griffin Mining Ld
20 September 2019
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 Update
20(th) September 2019.
Griffin Mining Limited ("Griffin" or the "Company") is pleased
to provide an update of the progress of its Chinese subsidiary's
(Hebei Hua Ao Mining Industry Company Limited) lodged and accepted
mining licence application ("MLA") for Zone II at the Caijiaying
Mine with the Beijing Ministry of Natural Resources ("MNR"). As
previously announced, the MNR was expected to provide its approval
and issuance of the new mining licence within 40 business days of
the MLA acceptance date of the 8(th) August 2019. On the 13(th)
August 2019, 2 further minor supplementary documents were requested
by the MNR from the Hebei Provincial branch of the MNR and the 40
business day period suspended until the documents were lodged and
approved at the MNR. The documents were subsequently lodged on
9(th) September 2019. The documents were accepted and approved by
the MNR on the 20(th) September 2019 and the 40 business day period
thereby reinstated with 35 business days remaining.
The Company's Chairman Mr. Mladen Ninkov commented, "The Company
has experienced numerous administrative delays in the MLA process
over the past 7 years and consequently a minor suspension of the
issuance period, although frustrating, is not unexpected. I do not
believe it is anything to concern shareholders and we look forward
to the issuance of the new mining licence in the near future."
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
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END
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