Griffin Mining Ld Mining licence update (6678R)
30 Oktober 2019 - 2:16PM
UK Regulatory
TIDMGFM
RNS Number : 6678R
Griffin Mining Ld
30 October 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
30(th) October 2019.
Further to the announcements made on 8(th) August and 20(th)
September regarding the progress of Griffin Mining Limited's
("Griffin" or the "Company") Chinese subsidiary's (Hebei Hua Ao
Mining Industry Company Limited) mining licence application ("MLA")
for Zone II at the Caijiaying Mine with the Beijing Ministry of
Natural Resources ("MNR"), 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. As
previously announced, the 40 business day period was suspended on
the 13(th) August 2019 and reinstated subsequently with 35 business
days remaining. The Company received notification today from the
Beijing MNR that further clarification was required concerning
farming surface rights, as a result of which the acceptance period
was again suspended with effect from 24(th) October 2019. A formal
response with the full support of local, municipal and provincial
levels of government has been prepared for submission to the
Beijing MNR with the expectation it will resolve the issue.
The Company's Chairman Mr. Mladen Ninkov commented, "Yet another
administrative delay after so many previous administrative delays
in the ongoing MLA process. I believe shareholders have become far
too accustomed to these delays, yet we all hope this is the last
and we continue to look forward to the day we receive the new
mining licence."
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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