Business
New Mining Licence issued
New Mining Licence issued.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n RNS Number : 1117G Griffin Mining Ld 26 January 2010 \n \n\n\n60 St James's Street, London SW1A 1LE, United Kingdom\nTelephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\nE mail: [email protected]\n\nNEW MINING LICENCE ISSUED\n\n26th JANUARY 2010.\n\nGriffin Mining Limited (\"Griffin\" or \"the Company\") is very pleased to announce that the Chinese Ministry of Land and Resources (\"MLR\") has granted a new mining licence to Griffin's subsidiary, the Hebei Hua Ao Mining Industry Company Ltd (\"Hua Ao\"), to mine below the 1300 level at its Caijiaying zinc-gold mine in the People's Republic of China. The mining licence runs for a period of 16 years until January, 2026.\n\nGriffin's Chairman, Mladen Ninkov, commented: \"Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the Company. This is extraordinarily good news for all the shareholders of the Company. I congratulate all the Chinese and ex-pat staff who made this milestone possible.\"\n\nFurther information\n\n\n\n\n\n\n\nGriffin Mining Limited\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nMladen Ninkov – Chairman\n\n\n \n\n\n \n\n\nTelephone: +44(0)20 7629 7772\n\n\n \n\n\n\n\nRoger Goodwin – Finance Director\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nInvestec Investment Banking:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nStephen Cooper\n\n\n \n\n\n \n\n\nTelephone: +44 (0)20 7597 5104\n\n\n \n\n\n\n\n \n \nGriffin 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\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCKKADPFBKKPDB \n ","length":11890,"tagName":"div"}]