Griffin Mining Limited Commissioning of Solar Farm at the Caijiaying Mine (4612P)
10 Ottobre 2023 - 8:00AM
UK Regulatory
TIDMGFM
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
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
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