Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining Limited LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 83.00 82.00 84.00 83.00 83.00 83.00 8,619 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 77.7 27.3 11.6 7.2 143

Griffin Mining Ld Mining licence update

20/09/2019 12:47pm

UK Regulatory (RNS & others)


Griffin Mining (LSE:GFM)
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2 Months : From Sep 2019 to Nov 2019

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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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 20, 2019 07:47 ET (11:47 GMT)

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