Statement re Mining Licence Application Accepted

RNS Number : 3179I

Griffin Mining Ld

08 August 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: [e-mail]

Mining Licence Application Accepted at Ministry of Natural Resources

8^th August 2019

Griffin Mining Limited ("Griffin" or the "Company") is extraordinarily pleased to announce, after an extended application process, that the Chinese Ministry of Natural Resources ("MNR") has accepted the lodgement by Griffin's Chinese subsidiary, Hebei HuaAo Mining Industry Co Ltd, of its mining licence application ("MLA") for Zone II at the Caijiaying Mine in compliance with all the prescribed  Chinese legislation and regulations.  Under the current legislation, the MNR should provide its approval and issuance of the new mining licence within 40 days of today's lodgment date (with a 10 day extension to that period in certain special situations), thereby acknowledging the MLA has met all the required conditions and passed the final examination and issuance process.

The Company's Chairman Mr. Mladen Ninkov commented, "It is with a great sense of joy and relief to be able to announce that our MLA has been accepted and is in compliance with regulatory provisions.  It is a particularly momentous day for our loyal shareholders who have patiently waited for this moment since we began the MLA process in 2013.  During this period we have experienced repeated changes of  Government legislation which has led to complex processes to redraft and re-start the MLA process on numerous occasions.  I do not have to explain what this means for the Company and our shareholders.  I couldn't be happier for everyone involved with the Company including the shareholders, directors, management, staff, contractors, local villagers and all those whose lives are touched by the operations."

Further information

Griffin Mining Limited:

Mladen Ninkov                    (Chairman)

Roger Goodwin                    (Finance Director & Company Secretary)                 Telephone: [phone]

Panmure Gordon (UK) Limited                                                                                        Telephone: [phone]

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

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014.

 

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