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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 | 0.00% | 140.00 | 139.00 | 140.00 | 140.00 | 140.00 | 140.00 | 22,886 | 08:13:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 94.4M | 7.7M | 0.0400 | 35.00 | 269.96M |
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
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.
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(END) Dow Jones Newswires
October 30, 2019 09:16 ET (13:16 GMT)
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