Progress Report on Caijiaying

RNS Number : 9285U

Griffin Mining Ld

25 October 2010

 

Griffin Mining Limited

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]

Progress Report on Caijiaying Operations

25th October 2010.

Further to the announcements made by Griffin Mining Limited ("Griffin" or the "Company") on the 9^th and 16^th of August 2010 and the 28^th of September 2010, the Company has been informed that the report on the death of 2 employees of the mining sub-contractor at Caijiaying has been completed by all the relevant Chinese governmental agencies and is now awaiting final approval by the Zhangjiakou government prior to its release.  This is expected to occur in the next 14 days.

In the interim, progress has been achieved in obtaining limited electricity supplies to site to maintain essential mine services, and in particular, the dewatering of the underground drives and stopes.  A date has not yet been released by the Chinese authorities as to when the previously announced electricity restrictions to meet Chinese targets for the reduction in energy consumption will be lifted.

Further information

Griffin Mining Limited:

Mladen Ninkov                    (Chairman)

Roger Goodwin                    (Finance Director )                                                               [phone]

Investec Investment Banking:

Daniel Adams                                                                                                                       [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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