REG - Griffin Mining Ltd - Commissioning of Solar Farm at the Caijiaying Mine

Griffin MiningAnnouncement

10/10/2023 07:00

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RNS Number : 4612P  Griffin Mining Limited  10 October 2023

 

8(th) Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX.  United Kingdom
Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com (mailto:griffin@griffinmining.com)

 

10(Th) October 2023

 

Commissioning of Solar Farm at the Caijiaying Mine

 

 

Griffin Mining Ltd ("Griffin" or the "Company") is pleased to announce that,
in partnership with Zhang Jia Kou GuoAO (the "Partner"), the Company has
successfully commissioned a 6MW solar energy generating facility (the
"Facility") at the Caijiaying Mine.

 

The Facility was constructed and commissioned within 12 months on the
Company's rehabilitated Mine Tailings Facilities Numbers 1 & 2. The
Facility contains 25,753 square metres of solar panel surface area. With the
soon to arrive battery energy saving system, under normal weather conditions,
the Facility is expected to be able to supply up to 30% of the Caijiaying
Mine's total electrical energy consumption. During periods of shutdown, the
system also has the capacity to direct excess capacity back into the local
grid for extra revenue generation.

 

The Company provided all the land, approval support and an exclusive 20 year
off-take agreement for the renewable energy to our local Partner, which
installed and will operate the system throughout its life. This Facility
demonstrates, yet again, the Company's long term, industry leading,
environmental and community leadership for sustainability and the benefits of
socially responsible mining.

 

Both companies are currently assessing the utilisation of this successful
partnership model on the soon to be decommissioned Tailings Facility Number 3
which has the potential to utilise both wind and solar power (subject to a
pending study) to make the Caijiaying Mine as close to 100% renewable energy
usage as possible.

 

Chairman Mladen Ninkov commented, "The Company continues to deliver, not only
on its Green Mine Certification status, but far in excess of those obligation,
ie on its moral commitment to both the People's Republic of China and all the
citizens of the world in moving to the cleanest and greenest mine we can
possibly operate. I sincerely believe that the Caijiaying Mine must now be one
of if not the most environmentally friendly mine in the world and we look
forward to pushing our green energy horizon even further in the years to come.
I am proud of everyone who was involved in this process."

 

 

 

 

 

 

 

 

 

 

About Griffin Mining Limited

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited
owns and operates in China, through its 88.8% owned Joint Venture stock
company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc,
gold, silver, and lead metals in concentrates. For more information, please
visit the Company's website www.griffinmining.com.

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK) Limited
Telephone: +44 (0)20 7886 2500

             John Prior

             Dougie McLeod

 

Berenberg
                 Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014

 

 

 

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 (http://www.griffinmining.com/)

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