New Mining Licence issued

RNS Number : 1117G

Griffin Mining Ld

26 January 2010

 



60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

E mail: [e-mail]

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: [phone]
Roger Goodwin – Finance Director
Investec Investment Banking:
Stephen Cooper			Telephone: [phone]

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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