StockMarketWire.com - Griffin Mining said it had experienced more delays obtaining a mining licence for its Caijiaying project in China.

The Beijing Ministry of Natural Resources on Wednesday informed the company that further clarification was required concerning farming surface rights.

A formal response had been prepared for submission to the minstry with the expectation it would resolve the issue, Griffin Mining said.

The company had originally expected the ministry to approve the licence within 40 business days of the application acceptance date of 8 August.

However, the 40-business-day-period was suspended on the 13 August and reinstated subsequently with 35 business days remaining.

Chairman Mladen Ninkov expressed frustration of 'yet another administrative delay'.

'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,' Ninkov said.


At 1:40pm: [LON:GFM] Griffin Mining share price was -2.5p at 83.5p



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