Adamas Finance Asia Limited (LON:ADAM) has revealed that workers at Hong Kong Mining Holdings Limited (HKMH) are now active on-site and that key management personal have been appointed to the business, in which the investment firm owns an 84.81% stake.
However, the London quoted pan-Asian diversified investment vehicle said, due to minor unanticipated regulatory delays, HKMH has advised that production is now expected to recommence in the second half of 2019.
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In a brief statement, ADAM added: “We look forward to publishing a further update to shareholders in due course on this project.”
HKMH is a natural resources company whose primary asset is a large dolomite magnesium limestone mine in the province of Shanxi, China.