Business
CESSATION OF EXPLOSIVES PRODUCTION & DELIVERY
CESSATION OF EXPLOSIVES PRODUCTION & DELIVERY.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n 8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom\n \n \n Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\n \n \n \n E mail:\n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n Chinese Communist Party's 20th Congress\n \n \n \n \n Cessation of Explosives Production & Delivery\n \n \n \n \n Consequential Production Shutdown\n \n \n \n \n \n \n \n \n \n 20th September 2022\n \n \n \n \n \n \n Griffin Mining Limited (\"Griffin\" or the \"Company\") announces,\n following the press release of the Chinese Politburo on the 30th August 2022 that the Plenary Session of the Communist Party Central Committee will begin on the 9th October 2022, followed by the Chinese Communist Party's 20th Party Congress on the 16th October 2022, that the Ministry of Public Security has commenced the implementation of severe security measures to ensure the safety of those proceedings, including restrictions on the manufacture and supply of explosives in the 4 major Municipalities surrounding the Beijing area, being Zhangjiakou, Cheng De, Tian Jin and Boa Ding.\n \n \n \n \n \n Consequently, as the Caijiaying Mining is located in the Municipality of Zhangjiakou, explosives can no longer be acquired or delivered to the Caijiaying Mine. The current inventory of explosives has been exhausted, mining and haulage has decreased and processing and milling is expected to cease on Thursday, 22nd September 2022. It is expected that full operations will recommence at the Caijiaying Mine on Tuesday 1st November.\n \n \n \n \n \n A plenum of the Chinese Communist Party is normally held in October of every year and, as such, the Company plans and budgets for normal disruption to October production. However, this extended period of unavailability of explosives will inevitably have a significant impact on September and October results. Nevertheless, the Caijiaying Mine has increased production over the past quarter at accelerated rates to record levels unseen in the history of the Caijiaying Mine which may offset any prolonged risk to production due to the Congress. \n \n \n \n \n \n Additional measures in mine planning and resources have been taken to ensure that the record levels of production return quickly af...