StockMarketWire.com - Griffin Mining said an expected approval period for a mining application in China had been extended owing to a request for additional information.

The company last month lodged the application with the Beijing Ministry of Natural Resources for the second zone at the Caijiaying Mine.

The ministry was expected to issue the licence within 40 business days but subsequently requested further minor supplementary documents, which were lodged on 9 September.

'The documents were accepted and approved by the Beijing Ministry of Natural Resources on the 20 September and the 40 business day period thereby reinstated with 35 business days remaining, the company said.

Chairman Mladen Ninkov said the delay, while frustrating, was 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,' Ninkov said.


At 1:39pm: [LON:GFM] Griffin Mining share price was -1.4p at 90p



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